Sorry for missing morning ideas yesterday, it doesn't happen often where I don't have the time to make a morning plan. Inflation numbers came in better than expected, which gave a jolt to the markets. What does that mean? Probably higher prices again and new ATH. Long and strong for me.
New week, same game. I'm staying long and strong, see you guys in class.
The NFP numbers were better than expected, and thus killing the opportunity for volatility. In this case, we will not have class today, as I only expect a slow grind towards 4441.
Market in a very tight range here, likely waiting for Non-Farm Payrolls tomorrow at 830 eastern. I was hoping we'd move out of this area before the number, but the closer we get, the more volatility will be compressed and we won't go anywhere (likely). Tomorrow should amount to an interesting day, and by the time the morning ideas come out tomorrow, the market...
Late here today guys, so ill keep this brief. Market really liking these prices. No reason to be short here though, as the break will likely be higher.
Good Morning Traders... Nothing new here, I"m staying long.
Last trading day of the month, likely to get some window dressing late in the day. If the amazon earnings miss sparks some selling in the stock (which I don't really expect), then we may see the market dip a little deeper before a late day rally... However, I do not see any major trouble here for the longs. I think the market will stay put today. If you're...
Good morning Traders! Market participants bought the weakness yesterday, and you shouldn't be surprised. However, today we have FOMC announcement looming at 2 pm eastern, so please be aware of that. The market will probably move VERY slowly in anticipation of the words used by the Fed. The big money doesn't want to get caught with their pants down in front of...
Back from the Southwest now, and I was hoping to see some fireworks in the market, but... Same old market. Dip down in the overnight last night was bought right back up. Here we are again, nearing all time highs. Nothing to do here other than what you've been doing...staying long. If you get flushed out, look to get back on the horse.
Little change of pace here as I will be traveling in the AM, market seems to be doing fine here, as usual. I'm staying long and strong.
Pretty long video today, but an important one. Sometimes I do a write up that summarizes things, but it would be too long. I think this video is worth watching. As always, let us know if you have any questions.
Very important day setting up today after a really volatile day yesterday. I got long from 4243 and took a little heat, but ultimately got what I expected, an intitial bounce of 4240. Now that the bounce has happened, I'd like to see the rally continue into 4290 and above. If it can't do that, and we return to 4240 and are unable to hold, I will exit. I think...
Weakness overnight is bringing us close to that 4240 area below. I would expect to see an initial bounce from 4240 on the first test. Lots of volume beneath.
A quick dip below 4340 yesterday was quickly bought and here we are back into the middle. I think that with the dip lower yesterday, the odds are in favor of a test of 4390 or a slow sidewaya day. I don't expect to see the market go back down and break 4340 again today. With the buyers being in control of this market, you MUST give the benefit of the doubt to...
The red boxes on my chart indicate where the majority of the options open-interest is going into OPEX on Friday. You can clearly see that the market is stuck in between those two areas. I would expect today to be a back and forth type of day, most likely bouncing back up into the value area and towards VPOC at 4370. By the time the market closes tomorrow, I...
CPI numbers show Higher than expected inflation and the market has pulled back slightly because of it. I don't see as much of reaction as I expected, so for now, going to stay long and strong. If the market can rotate lower, and HOLD , I may start looking for short entries. However, that doesn't seem likely at this point. Keep an eye on 4390 above and 4340...
Pretty basic stuff here guys, market back at all time highs nothing really to do other than stay long, IMO. Now, today opens a little bit of weakness in the underlying options, so we will see if that equates to some downturn in the stocks. This has not been able to drag the market down in the recent past, the liquidity continues to push us higher. Looking...
The pullback looked deep, but was brief. I wouldn't expect weakness until monday, and that said, I don't expect the market to crash on Monday. I was really looking forward to getting long down in the 20 area, but the pullback didn't extend down that far. Now it's a wait and see for me, with a bias to the long side.