Good 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.
The trend has changed! April fools... Nothing changes here, I'm staying long and strong.
RUnning short on time today, I'm going to stay long here.
Sellers unable to grab the market. Nothing new there. I'm looking for the market to run towards 3950 now that we were unable to sustain the movement lower.
Good 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...
A little late today, so no write up. I expect to see some good movement this week, today will likely dictate what direction. I think it's pretty difficult to see a direction here.
Should be a volatile day today after the closing push down yesterday. Like I had mentioned before, the ES is influenced by the NQ and the two are in “different boats” right now as there seems to be more weakness in tech. I took a smallish loss yesterday after the bounces higher continued to fail, but those of you that held through, good work. 3900 is very...
FOMC 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.
Big FOMC meeting minutes released today at 2pm eastern time. I would not expect much today before that.
A 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.
Welcome 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...
Market tested 3900 overnight (finally), and has bounced a little. I think this is where the market will settle, I don’t expect the bounce to have legs. I am going to trade this in the long side and look to take chunks, rinse and repeat when the market dips. Buying dips and taking profit on rallies.
Sorry for the delay. Market continues to want to bleed higher. Im going to trade this market outside to in, in the direction of the trend (long).
Got 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.
Not a whole lot has changed. Yesterdays action is the exact reason that I don't like to trade the market in the middle. We are still there now (middle), but I talk about a strategy of how to take some money off the table when you get involved in the middle.
I still see more volatility on the horizon. I'm looking at a pretty large area between 3800-3900 that is very key this week. Don't get caught with your pants down chasing the breakout.
Lots 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...
A quick dip this morning on news about private payrolls. My opinion is we have acceptance at higher prices and this is an opportunity for me to buy...