Morning Ideas April 5, 2021Good morning traders!
Market finally went higher on thursday and last night, breaking that weak high that we had been talking about last week.
I would expect the market to keep moving higher, but do not expect it to just keep pushing without pulling back.
In short, I'd be careful buying all the way up here unless you have a very wide stop.
Tradecontext
Morning Ideas March 24, 2021Good morning traders.
The market is still in between 3950-3900 after tagging 3900 in the afternoon session yesterday and dipping below.
I talk in the video about being careful with the market below 3890's, as I don't think this is a place that you can blindly by the dips (which has pretty much worked for 10 years now).
I think the buyers still have the edge until 3890 is broken and we accept prices below.
Let us know if you have any questions.
Morning Ideas March 18, 2021FOMC meeting minutes provided a nice boost for the market, only to get it all taken back overnight.
I would expect the market to gravitate towards 3900 or 4000 today as options are expiring tomorrow.
I think the Overnight HIgh and Overnight Low will give a good indication on which way the market goes today, but I will give it a 'neutral' rating.
Morning ideas March 16, 2021A bit of a bigger pop than I expected yesterday, but we got the direction right nonetheless.
Today I see a more slow grind up than the 50 point rally we saw into the close yesterday.
All eyes will be on FOMC tomorrow, everyone hoping they don't say anything out of the ordinary to rock these markets.
Morning Ideas March 15, 2021Welcome to a new week traders...
I explain in the video today how the NQ (Nasdaq) is still quite a bit weaker than the ES. That is something to keep an eye on this week because if we roll over in the NQ, the ES will usually go with it.
Other than that the only real worry this week is some kind of bombshell news from the FOMC meeting minutes on Wednesday. I explain in the video.
Have a great week and let us know if you have any questions.
James
Morning Ideas March 10, 2021Got to 3900 yesterday, and I expect it to be tough to push through this today.
I"m looking for a push and a pullback to 3900 to see if the buyers got what it takes to push to the next level.
I would suspect that we push through the 3900 area and pullback, only to fail and fall back into the range.
Volatility will likely die into next week with options Expiration.
Morning Ideas March 4, 2021Lots of weakness yesterday, but I held on. Will be looking for the market to push back on the open or I will likely bail.
Powell is speaking today, and I think he will likely try to re-assure the market that everything is fine with the bond prices/yields.
I'm still in this trade because I believe the sellers are making a big effort here, but it's still the buyers in charge overall, on my time frame.
More weakness today would change my stance on that, but not until then.
Morning Ideas March 1, 2021Gap up overnight took back the weak close from Friday.
As long as we continue to build volume and acceptance at 3850, we are likely to break this area to the upside.
I would expect 3900 to be on deck, and for it to happen rather quickly if we can sustain these prices at the open.
Morning Ideas February 23, 2020Watch NQ today. It is weak and will likely drag the ES with it if it continues to be weak.
Tesla is down almost 10% in the overnight session and this is problematic because stocks like Tesla are a big reason we are at all time highs to begin with.
Not trying to be a doomsday guy because you know I'm a permabull. I wouldn't be surprised to see us back up at 3900 today either.
3900 on the high side, 3830's on the low side is where I'm looking to get involved, or my points of interest.