Morning Ideas February 15, 2021Holiday today in the US. These days are VERY slow usually. In my opinion, it's not worth it to trade them.
If you are going to trade today, the market closes at 12 central, so be sure you are aware of that.
Tradecontext
Morning Ideas February 11, 2021Classic example of a shakeout yesterday. We talked in class about wanting to be long just to see the market dip down real quick and grab some stops.
I am going to be right back on the long train today, as I expect us to continue to squeeze higher. I don't see much downside potential here other than the 3900 magnet from the SPX options.
Morning Ideas February 10, 2021 Morning traders!
As I said in todays video, make sure you are not 'inventing' new plans just because the market is slow.
The market has been trading beautifully, even though it continues to trade at all time highs.
See you guys in class.
Morning Ideas February 9, 2021Same story here guys, I'd stay long and strong, you've got a better chance than trying to short into this rally.
Morning Ideas February 8, 2021Market is trading higher and looking fine up here.
I always look for acceptance of price, and the market is definitely NOT rejecting up here.
I would expect outside-in type of a range day today, in the direction of the trend (Up).
Morning Ideas February 4, 2021Market holding near the highs and trading a ton up here.
I would expect to see the market breakthrough towards 3855.
Morning Ideas January 29, 2020Buckle up, should be another awesome day.
Keep an eye on the news about Gamestop. I think it will weigh the markets down.
Another thing to watch today is VIX. It will likely be our guiding light today as the hedge activity in options will start to go nuts should we start moving lower. If we move lower and VIX doesn't budge, I would be skeptical of the move.
Morning Ideas January 27, 2021Very important day for the markets guys and gals!
I would keep a CLOSE eye on what happens after the FOMC meeting minutes that come out at 2pm eastern time today.
80 needs to hold IMO, but I still see this as a positive market until we can break that level and hold below it.
I would expect to see sideways chop in the morning, heading into the announcement.
I look forward to class today.
Morning Ideas January 25, 2021Trading near the highs again, and starting to accept up here.
FOMC on Wednesday I think will mute the trade a little bit, but I'd be careful with a dip below 3775.
Morning Ideas January 21, 2020Yesterday was pretty much par for the course, the runaway train.
VIX coming off a bit, which probably means that the market is breathing a sigh of relief that the inauguration went off pretty smooth.
I'd be looking for a pullback to value high of the previous area at this point.
Morning Ideas January 15, 2021No comments today, likely to be a volatile day and since we are opening in 4 minutes, I'll get this to you right away.
Morning Ideas January 14, 2021Market is moving higher towards value high. I'm watching up here to see if we can accept above this 3810 area, however, i do not expect this to happen today.
Today we see low volume in the overnight session, which tends to favor more mean reversion type of day.
I would look for the market to unpin from this area tomorrow, not today.
Morning Ideas January 13, 2021The market came down and tested our previous value high and bounced right off.
We are trading A TON in the 3795 area and I would expect that to continue to be a magnet.
However, if we break one way or another, I would expect it to be higher if it happens before Friday.
Friday is options expiration and I would expect a pretty large move out of here.
Morning Ideas January 12, 2021Same old buyers came back in yesterday, but we didn't push up very far.
We are pinned right below the 3800 level in the ES which is roughly 3794 in the SPX.
With options expiring this week, I would expect to see us pinned up here, or move a little higher.
If you're looking for a down move, it's probably best to wait for next week.
Morning Ideas January 11, 2021Another action packed week shaping up.
Big options expiry this week, which you need to be aware of in this market.
We are constantly forced to evolve with the market or risk being left behind, so it's becoming increasingly important to understand where the options traders are located.
The reason is that we have historically high levels of options volume from traders looking to get rich quick. It's been a trade that has worked well for the Robinhooder's, so I will continue to talk about where those traders are located and where I think they are in trouble.
More times than not, they are in trouble at the exact same places where the value lows are, so we have confluence in these areas.
Morning Ideas January 8 , 2020A couple of nuances in today's video. Most of those nuances indicating that the likeliest scenario is a back and forth, outside-in type day.
Let me know if you have any questions.
Morning Ideas January 7, 2021Markets had trouble rolling over yesterday, which is hard to imagine with the Capitol building being stormed.
Like it or not, there is an invisible hand pushing the market higher, and it's not wise to fight it.
Morning Ideas January 6, 2021Looks like its a democratic win and possible control of the senate now, with markets pretty much unchanged overnight.
I don't know how the market will like that, but the open today is key again. The market is currently stuck right at 3700 and I think the next move is crucial.
I'm looking at 3715 above and 3675 below as the next key areas.
Morning Ideas January 5, 2020Yesterday was a big day where we got some flush-out of buyers.
Like I said yesterday, now that its a new year and we've burned off a lot of the 'fuel' to move higher, the market seemed ripe to sell. However, we wont start selling until we start to see acceptance lower.
I gave today a neutral rating even-though I expect it to be volatile, simply because I think its a toss up.
Key levels are 3690-3700 above and 3650 below.
If the market breaks below 3650 I would be very cautious of initiating new longs.
Morning Ideas January 4, 2020Happy new year everyone!
2020 ended with the market at all time highs, which is exactly what we expected in the final days of 2020.
2021 hasn't started off much different. Moving higher and I will continue to look for the market to do the exact same thing until it proves it can hold onto lower prices.
Morning Ideas December 29, 2020Good stimulus news caused the market to continue to rally, which is what we expected.
We reached the 3740 area finally, and with the end of the year in just three days, I would expect the market to push even higher.
I didn't do anything yesterday with the market, I just felt like it continued to move higher without any pullbacks. Not to mention it was SLOWWWWW.
I may take the rest of the year off from trading if there are no opportunities on pullbacks, but we will have class tomorrow.
