Nothing has changed, except for the jobs report pushing the market higher.
Crazy stuff going on in the options market in the single names, but the SP500 is still doing it's thing. Im staying long here.
Low 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).
New month, same old story. I'm staying long here.
Back 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.
Not much needed to say here. Low volume but a ledge higher. I would expect to see 4200 sometime this week.
Late 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.
We 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.
A 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...
Don't look for a breakout until atleast wednesday!
Selloff yesterday, I'm looking for 4110 to be big today, if we get there.
Consumer Price Index was up more than expected, and it's clear that the market did not like that. We are at a pretty big area here. I'm looking for a dip below 4110 then the market to pull back for a chance to get on the short. At that point, I think it's clear that the sellers have to hold that area on the way back if this downtrend will continue.
Took the day off yesterday and of course I miss the volatility! I think this market looks weak here. After a strong push away from 40 last week, we return right back to 40 a few days later. You do not want to see that if you're long. However, the buyers have shown resiliency, so I expect a strong fight out of them today. I think we try and push higher but...
Non-Farm Payrolls was a disappointing number that missed expectations. However, the market could not selloff. This, alone, is reason to be skeptical about the shorts today. Advantage buyers again!
A lot of volume overnight with very little market movement. This usually means the market is coiling and ready to break out. I would expect the catalyst for that move to be Non-Farm Payrolls number tomorrow morning. As for today, I wouldn't fade a move in either direction because i think a directional move will be swift and have legs. If trading were easy,...
Interesting day yesterday as the market did not like Jannet Yellen's comments about raising rates to keep the market from 'overheating'. Once again, the market was able to shake off that news and rally the second half of the day, which surprised me, although it probably shouldn't. Gun to the head, I'd favor the longs after the sellers were unable to gain...
I believe the market to be in a bit more trouble now with the market taking back 4180 and moving lower. This is also on the back of the NQ (Nasdaq) being much weaker yesterday and leading the way down this morning. I believe the next area below to get involved with the longs is 4140ish, but this market has shown remarkable strength when it is in a 'trouble'...
Here you go guys, start of a new month! Sell in May and go away? Or another strong month and push to new highs? Let's see where the market accepts as 'fair' prices this week to give us an early idea.