TheSessionMaker

03:21

TheSessionMaker

Covering ES Session outlook for overnight, into tomorrow and this week. Covering some basics on Session Analysis and how we approach it at The Session Maker. And a big high five to anyone who can correctly identify what they hear in the background at the very end?

TheSessionMaker

Follow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market. See this example from the action this morning. DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up. Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the...

TheSessionMaker

Follow up from yesterday's post. See this example from the action this morning. The rip higher off the open to grab supply, only to reverse on the next 15 min bar, taking out the Open price, immediately heading for where? The Pre-Equity Open Defender created hours before the normal session open. This is critical because the Pre-Equity Open in Futures is a...

TheSessionMaker

Market Sessions are not commonly understood. Let's use ES Futures as an example (concept applies for all assets in every market). What you see is an automated tool that I call ' The Session Maker '. It's all about providing in the moment context when trading, but it the principles and concepts are valuable when used on any timeframe. Below I briefly explain...

TheSessionMaker Updated 

Well, if you were active or at least watching the markets today, what a ride. If you are able to take part in the action and make money on days such as this, great job. When selling is relentless on days like today, I like to step back and take a tactical approach, asking myself when would I get long? What levels with other traders want to get long? And most...

TheSessionMaker Updated 

SImilar to my OLED post, NTES found critical support early this session during market weakness. It's sitting right on key support as a convincing break here on a daily or weekly closing basis will send it to $300 or less. Also, NTES saw significant Feb 9 Weekly Call buying yesterday with 1,000 lots going at each of the 320, 325, 330, and 340 levels. I tend to...

TheSessionMaker Updated 

OLED holding key support here during a weak day for the market, even in light of AAPL's earnings reaction. Showing Daily chart with demand picking up at a key level. 30 Minute chart showing next levels to test. 5 minute Heiken Ashi chart used for tactical entry, helps weed out the noise and better determine short term trends. Best strategy with OLED right now...

TheSessionMaker

The Junk / 20 Year Bond Ratio is showing early signals of continued if not increased appetite for stocks as an asset class. For anyone not familiar with this ratio, we're looking at HYG/TLT (or HYG/IEF which is also showing the same signs). In short here's what it means for you and me: Falling Ratio = Credit Spreads Rising (bad for stocks) Rising Ratio = Credit...

TheSessionMaker

I've seen a lot of bitcoin charts. For me, it just seems to be a lot of noise. If you are day trading it, sure it's easy to get caught up in the mess. Let's keep it simple. Take a step back. For anyone who is a Fibonnacci fan, this is the most symmetrical chart you will find out there. This is a weekly view of Bitcoin, measuring all KEY Fibonnacci extensions...

TheSessionMaker

EGPT is looking strong on the weekly chart with a breakout of from recent consolidation. A similar breakout at the beginning of this year lead higher with strong momentum. Similar pattern showing this breakout on strength. Measured move of the recent consolidation measures about $8. Takes the target right into the $81.50 Gap. Stop is under last weeks lows which...

TheSessionMaker

With equities struggling so far this year, especially Small Caps and Nasdaq stocks, looking elsewhere in bonds and commodities has been prudent and paying off thus far. For Heating Oil, the weekly chart has been showing a nice triangle pattern after the run up from the 2009 bottom. Right now no confirmed signal of a buy or sell has triggered, However the...

TheSessionMaker

Follow up to this post - The daily chart did give a buy entry with the breakout over $4.50, however it was short lived and appears to be another false move. Broken support levels now suggest new lows will be seen in coal. Weekly chart also very bearish. I am still in the camp that the risk is mainly to upside in this sector, however as of now it's dead money and...

TheSessionMaker

No long position yet, but coal is looking like it could be setting up for a move higher. Looking at charts of coal stocks over the past 5 years shows plenty of false breakouts and a reverse lower. The difference here is we've recently seen a good amount of false breakdowns and continued basing without moving substantially lower. This sort of action demonstrates...

TheSessionMaker

Strength in HMPR is showing a early signs of a potential breakout. This one has been a dog for a long time. The weekly chart is showing a strong base as well which supports follow through of this breakout. Strength in regional banks in general likely means HMPR is just late to the party. Break below $1.60 negates the long side. Pullbacks to the blue trend line...

TheSessionMaker

I know plenty of Nat Gas charts are out there with the recent surge, but I wanted to take a moment to look at the bigger picture. Most charts I've seen are focused on the daily action, so for those looking to establish longer term positions, this is one commodity that looks ripe for building positions. I've provided a rough estimate of the likely price movement...

TheSessionMaker

Even though it is weak, shorting is tough simply because so many coal related stocks have enormous short floats which can lead to an unexpected sharp rally at any time, taking out your stops quickly. Their are plenty downside gaps noted in the chart above as targets below the 78.6 Fib retracement from the March 2009 lows to the March 2011 highs. For long term...

TheSessionMaker

All the major US Equity indexes have filled their Gaps from May 2nd... except for the Russell 2000. This is actually a short term positive as it makes the possibility of a quick rally as soon as it gets filled. I'm expecting it to be filled by early next week. Gaps are somewhat like unfinished business, especially when referencing Equity Averages. Since all...

TheSessionMaker

Momentum strength deteriorating in HD on the Weekly chart. Price has been in a parabolic move and is in sore need of resting. Similar looking upswing to the Nikkei's recent accent. No short confirmation yet, but certainly on the radar.