Morning Ideas June 22, 2021Beware that the high of this heavily traded zone is right above us. That should not scare you, but may be a place to take profits.
I still expect some chop in here before eventually going higher towards 4300.
Tradecontext
Monring Ideas June 21, 2021Likely to be a volatile week this week. I would expect the markets to finally break out of this level as we now have a lot of options expiry behind us.
We are trading right smack in the middle of the range at 4177 when i'm writing this. I would expect to continue to see chop, but for the market to pick a side this week.
All of this means to be careful when 'Fading' a move to the edges of the profile this week.
Morning Ideas June 18, 2021Very box-y looking profile now. This tells me that there is likely to be chop. Especially with the high volume that we have overnight (180 percent).
I would be careful chasing this market either way. For me, I'll be looking to buy any strong dip as it will likely be temporary.
These high volume days inside congestion areas have the tendency to whipsaw back and forth so DON"T GET CAUGHT CHASING.
Morning Ideas June 17, 2021FOMC meeting minutes brought us exactly what we expected...a big change in volatility.
The FED stayed put on rates and the bond purchasing program, which means that nothing has really changed.
I'd look for continued weakness into the open today, but I would want to buy that weakness. In my opinion, the market is only viewing the 'staying put' as weakness temporarily.
I don't see this market breaking down until after July 4 weekend, if it will even happen then. However, we dont trade opinions here, we put positions on and let the acceptance of price dictate if we are wrong or right.
I am happy to say my long is wrong and take a loss. Don't force your opinion on the market.
Morning Ideas JUne 16, 2021FOMC meeting minutes today at 2pm eastern time.
I would not trade through the news if I were you, it will likely cause some short term volatility in both directions.
Morning Ideas June 15, 2021Here we talk about having to adjust the reward vs risk to something that is lower than we like, to accommodate for the lack of opportunities the market is giving us.
the Long and strong, but be ready for that Fed annoucement tomorrow at 2pm eastern.
Morning Ideas June 11, 2021Contract rollover today. If i were you, I'd be trading the september contract by the afternoon.
We finally tagged 4250 yesterday. The market has abysmal volume this morning and I wouldn't expect a lot out of this market today.
I'm staying long and strong until something changes (sound familiar'?)
Morning Ideas June 10, 2021Don't let little pullbacks blind you from the overall theme.
I'm staying long here.
Morning Ideas June 9, 2021Contemplated not doing the morning ideas today because of how slow the market is.
We got the same movement yesterday. Fast move down in the morning, just to see it rebound quickly and sit sideways the rest of the day.
In my opinion, 4250 is still on deck as it has been for about a week now.
Morning Ideas June 8, 2021Here we go guys, 4250 is on deck.
Long and strong until something changes.
Morning Ideas June 7, 2021Same story here, still looking for 4250 and the profile to be 'cleaned up'.
Low volume today though, likely leading to a sleepy trade.
Morning IDeas June 4, 2021Nothing has changed, except for the jobs report pushing the market higher.
Morning Ideas June 3, 2021Crazy stuff going on in the options market in the single names, but the SP500 is still doing it's thing.
Im staying long here.
Morning Ideas June 2, 2021Low volume environments make it difficult for reversals.
We are at/near ATH with low volume. I'm trading this outside to in, in the direction of the trend (long).
Morning Ideas May 25, 2021Back near all-time-highs after the market ran into our target of 4200 yesterday.
The market seems to be doing just fine up here and I see no reason to expect a reversal here.
If the market pulls back to 4178 and is unable to bounce from there, then I would expect some kind of move lower. Until then, it's buyers with the deathgrip on the market again.
Morning Ideas May 24, 2021Not much needed to say here.
Low volume but a ledge higher. I would expect to see 4200 sometime this week.
Morning Ideas May 21, 2021Late to the party here today guys, my apologies.
Buyers have the grip on the market (again), and I'd expect to see a back and forth trade with the ultimate target being 4200 above.
Morning Ideas May 20, 2021We got the benefit of seeing that the market was respecting the distribution below yesterday after the open. I talk about the long trade from the 59 area briefly, and I"m currently short from 4111 currently.
I like these trades because they are both close to their "wrong" point, and I'll watch this one closely this morning.
Morning Ideas May 19, 2021A lot of red in the market overnight.
Be careful here, the relative volume is up and that means big players likely in this market. This should continue/increase after the open.
If you're going to trade the higher volatility please remember this...Size down and widen out your stops.
It's very difficult to trade a highly volatile market with tight stops. Do not over-leverage because you will end up having to take losses when your idea is not yet proved wrong.
Put in other words, to stay out of the noise of a market like this, your stops need to be further away.
