Morning Ideas October 29, 2019Everything is looking higher.
End of the month window dressing likely as funds will look to protect October gains.
I'd be looking to buy 26
Tradecontext
Morning Ideas October 28, 2019All time highs finally reached, which is what we expected. I didn't expect it to happen so quickly, but here we are.
Very tough to find shorts in this kind of environment as there is nothing to lean on higher.
Gun to the head, I'd have to be long even though the market has broken out on pretty low volume.
Areas below that are significant are 3010-3005 area.
Don't get cute and try shorting if the market is strong on the open.
Morning Ideas October 22, 2019We broke out of this area, albeit on low volume, but we are accepting prices up here for the time being.
I would expect any kind of pullback to come back to the 3000 area and if this breakout is for real, I think the buyers will show back up at that point. If they don't, I would look for 85 again, and possibly lower as this would be a failed breakout.
The low volume is concerning, as it shows little participation on the breakout. I still am not sold on the longs, and definitely not from 3010.
Morning Ideas October 21, 2019Not much has changed. Low volume overnight and we are back at the 3000 level.
Will we return to all time highs? Probably. However, it doesn't have to be today, this week, or this month.
Don't chase the market.
Morning Ideas October 18, 2019Still short from yesterday.
Low volume overnight, looking like a dead kind of day to end the week.
I am still looking on the short side for the market to rollover. The key to knowing this trade is wrong is if we start accepting above 3000.
Morning ideas October 17, 2019We are now hanging out at the top of balance.
Gun to the head, I'd still want to be short.
If I change my mind on the short, it's becuase the buyers will move the market abvoe this 3000 area and we will start to trade a lot of volume up there.
Until then, if you are long from here you are buying the breakout from value high and that's a losing proposition, long term, in this instrument.
Remember, whether this trade works or not is irrelevant, whats important is the body of trades.
Morning Ideas October 16, 2019A nice trade overnight based on the footprints the market had built.
I'm looking for yesterdays weak high to be taken out and then see if the sellers can push back at that point.
If not we are probably looking at all time highs again, but I would be cautious as we have not really done anything other than go back to the high of the value from September 4- End of September.
Morning IDeas October 15, 2019Yesterday is a throw away day. We are still inside of fridays range, big targets being 3000 above and the area at 2952ish below.
I think the line in the sand today is 2963, if we fall below that i think we run quickly to the area at 2952.
I would expect VPOC from friday to act as some resitance above.
If the market pushes through it, I would be looking for 2993 then 3000.
Morning Ideas October 11, 2019Market pushed back into the previous acceptance area, beginning at 2960's in the overnight session.
I would be looking at longs on a pullback for a ride to 2980, 3000 as the extended target.
The idea is wrong in the mid 2940's, IMO.
Morning Ideas October 10, 2019A lot of movement overnight, but it was all based on the china news.
After all the smoke cleared, we are right back in the place we were to close yesterday.
I would expect the market to go back and forth between 2900 and 2921.
Don't get caught chasing the market. If one side is dominating the action, try to get back on pullbacks and not when teh market "LOOKS LIKE" it's going
Morning Ideas October 9, 2019Market really struggled yesterday after initially pushing to the previous day's value high.
However, on the morning ideas yesterday, I spoke of the 95 area and we did indeed get a nice bounce there yesterday, only for that bounce to fail at the end of the day.
I see this market having trouble holding on to higher prices, and would expect to see some weakness towards the closing price of yesterday.
Morning Ideas October 8, 2019I missed my entry last night by 1 tick. Market clearly rejected the 2960 area. I would stay on the short side, esepcially if we get a bounce towards 2035 on the open.
Below I'd be looking for 2895 as an area of interest.
Morning Ideas October 4, 2019The market did a lot of what was expected yesterday, but we sunk a little further down than expected. This was news based, and can never be predicted.
However, the market quickly shrugged off the news and returned right back to the scene of the crime and ended up heading towards the resistance area at 2917ish.
Today I will watch the open intently to see if the sellers push back at this area. Longer term, I believe the market is setting up to head back towards the previous value, which is above us.
Morning Ideas October 3, 2019After two strong down days in a row, I think the market is poised to take a breather. I am looking at the areas between 2915 and 2880 as the areas that the market will pinball in between.
Morning Ideas October 1 2019In this video I explain a bit about the importance of where value is building. It's the best way to be objective about the market and remove opinions on what you think the market will do. Let the market dictate where it finds value and follow the value.
I will be making some changes to the members area shortly to simplify some of these concepts for you.
Morning Ideas September 25, 2019After the news of impeachment yesterday, the market took a nice 50 point dive. It ran my trades over, and I took a loss yesterday.
I would expect some continued weakness on the open, but I would expect the market to be bought later in the day, especially around 2940 area.
Morning Ideas September 24, 2019Looking to play the long side on a pullback to yesterdays high volume area. Will add some more lower. Long is wrong around 2980. Targets above are 3020.
Morning Ideas July 25 2019 E-Mini/E-Micro SP500Hey guys,
Morning ideas weren't downloading properly yesterday so I apologize for not having a video for the morning yesterday.
In class, we talked about it being a toss up on the open and it was best to take a wait and see approach, with an eye on 3010 as the breakout area.
Well, we ran right to that area on the open and sat there. Glorious opportunity and a great teaching lesson there.
In this product (SP500) we get these opportunities on breakout pullbacks very often and they are low risk plays.
They are low risk because if the breakout fails, you don't have to give it a lot of room before the idea is toast.
For today, I'm a bit concerned with the strong bar overnight because it could be sign of exhaustion.
Will monitor on the open to determind whether I will add, or start peeling some off.
Tough to see what the market will do here because we are at all-time-highs and there is no data up here.
I still have an eye on 3010 below, let that be your guide.
Morning Ideas July 23 2019 E-Mini/E-Micro SP500 Looking for some fill in today, going to play the short side!
July 22 2019 E-Mini/E-MIcro SP500 Morning IdeasWas wrong about the bounce on Friday...
Well not completely wrong, but I didn't capitalize on the uptrend early in the day.
Capped off a poor trading week for me as I was trying to will the market higher.
New week, and expect it to be noisy. 2993-2960 seems to be the area of interest this week. I think the line in the sand for the bears is the high from Friday.
After that, I would be expecting all time highs again.
Morning Ideas July 19 2019 E-Mini/E-Micro SP500Hey traders,
I got shaken out of my long briefly yesterday, only to re-enter (at a worse price). The position is in the green and will continue to add to it because I want to get paid if the hypothesis is correct.
Volume is good overnight and a ledge at the top, indicating we are not done going higher yet.
Look forward to seeing you guys in class at 930.
Morning Ideas July 17 2019 E-Mini SP500/E-Micro SP500Hey Traders,
Markets fell a bit in the afternoon yesterday and provided a nice long entry back towards the previous prices.
The market has rolled over from there.
Looking for a flush out of the weak buyers before getting long again!
Morning Ideas July 15, 2019. Emini Sp500/E-Micro SP500Sounding like a broken record but we continue to accept value higher. That means I will continue to be long and continue to follow the value.
2992 is the line in the sand below where I think we pull back into the next distribution below, as shown on the video.
