Good morning traders, Market is still in this area that it has been for the last 2.5 full sessions. I would imagine that we continue to chop around in here before likely breaking higher later in the week. In these markets it's paramount to stick with your plan as it gets choppy. Many times I see traders get chopped to pieces here and the market closes at the...
Good morning traders! I will be brief today, have to get the kids to school! 4695 is right above and heavily traded before. I expect us to go towards that price and start to chop around. This will be a big area this week as we have monthly options expiring on Friday. I would expect us to leave this area at that point. Good luck, reach out with any questions.
Good morning traders, Getting these out to you righit after the open so I will be brief. Wild day yesterday as the inflation numbers made the market a bit jittery, seeing high volatility up and down. I would expect to see more of the same. I don't expect us to go that far today, but I don't think it will be a one sided trade. Good luck.
Good morning Traders, CPI numbers came in higher than expected and the algos pushed the market down immediately. For me this is a wait and see kind of market because the big players will likely be involved at the opening bell. It's tough to trade against these traders because they can push the market far and fast, leaving the small fish wondering what is going...
Good morning traders, Market not doing a whole lot, just ranging in a beautifully balanced way. I think the higher probability is that it resolves itself higher when we leave this area. When that will be, nobody knows. Don't get flushed out while the market is chopping around in the middle of balance.
Good Morning Traders! We are back at it here with one small wrinkle, Tesla. Make sure you keep an eye on the situation over there today. I don't believe this will be that important at the end of the day, but it's important to monitor just in case. All else is the same. Very little pullback opportunities to get long, but I'd stay long and strong. Any shorts...
Good morning traders, Nothing to see here. Don't try to find something that isn't there. If you pick the top, I think it will end up being blind luck. The money here is staying long and strong. That's where I will be.
Morning Traders, Markets liked the FED announcement yesterday, as there were no big surprises. As discussed in the video, the FED carefully massaged the language around inflation saying that they will not raise rates to combat inflation, since it's "transitory." I think this is a load of crap personally, but the market doesn't care what I think. Up we go, where...
Good morning traders, I will keep this short today as the market will open in 3 minutes. Watch FOMC today at 2pm. Likely get no movement before then. Good luck!
Good morning traders... The market is hanging around ATH up here at 4606 at time of writing. The volume is low, so I would imagine the market is in 'wait and see' mode in front of tomorrows FED announcement. FED meetings and announcements are really important in this market because the liquidity provided has been one of the key drivers of this market, post...
Good morning traders and welcome to a new week and a new month. Market has continued it's strength overnight and we are looking for 4590 on a pullback to get long. Problem is, this market hasn't always pulled back to retest. If it doesn't, we are left with a market consolidating at all time highs. While this has been the norm, it's pretty difficult to trade....
Good morning traders, The market is staying in between the two red boxes I put on the chart from three days ago. We haven't really moved from this area as we continue to build volume here. To me, there is a clear line in the sand between the two distributions. It is at 4550 area. I give the edge to the buyers until that area is broken. Have a great day and...
Morning Traders, We saw some of the weak longs get flushed out yesterday at the close, as we ran into some pretty stiff support underneath in the 4550 area. I would expect the 4550 area to be pretty key today, as I think the longs will begin to throw in the towel around 4540 and not be that interested to re-try the longs until near 4500. 4500 in that scenario...
Hey traders, Lots and lots of people told me I was dumb for saying the market would likely continue higher when we were in the big whippy consolidation and the market was having trouble to holding onto higher prices. The reason I thought that was due to the unlimited FED intervention, which I expected would continue, and has continued. Now we are left with a...
Good mornign traders, Nothing to see here, as the market is just consolidating at the highs. Low volume again, which favors the direction of the trend, which is clearly up at this point. Don't be alarmed if you get a 10-15 point pullback, it's not a reason to panic and start thinking the market is going down. Zoom out and see what the market is trying to do....
Good morning traders, Market doing it's normal crawl higher. I wouldn't expect that to change today. Volume is low, again, that favors the direction of the trend here. I'm staying long.
Good morning traders, 50% volume again today, most likely be another boring back and forth trading day with an upward skew. I would think this market is capped today around the 4550 area, but your guess is as good as mine. I dont see a whole lot of downside potential, unless the volume really picks up.
Good morning traders, The rip your face rally continues, and the "heavy" feeling of the market has all been forgotten. Volume is 50% of the 20 day average, which gives less probability to a big reversal today. I would expect a back and forth type trading affair that may creep higher into the afternoon.