We’re back to our desks for the second week of August, and with the events that occurred over the weekend, combined with the pending stimulus deal and rescue package for the airlines, we have a lot to look forward to in the days ahead…
The biggest clue from today’s session was the V-Bottom on the Emini ES, because that tells us buyers are starving for a good entry, and momentum has the potential to slingshot this market back to all-time highs… let’s get started…
Continue readingTomorrow isn’t just another Friday, it’s Non-Farm Payrolls Friday, which means our window of opportunity will be a little smaller than normal, but there’s plenty of potential for big moves and reliable entries…
Momentum will play a big role in our trading strategy for tomorrow morning; I’m watching Crude Oil rotation closely, plotting the best pullback on the Emini, and projecting the next big target on Gold – let’s get started…
Continue readingWe continue to see lots of bullish Spike & Range patterns on the charts this week, which tells us to look for buy setups using pullbacks below the trading-range…
We’re also seeing a lot of volatility this week as the markets anticipate more stimulus, which is creating a lot of sharp pullbacks which can be scary to trade…
What’s the best way to handle this jumpy price-action? The key is knowing the three basic pullbacks in a trending market – let me show you how…
Continue readingLooking forward to Wednesday’s trading session, we finished today with all markets closing firmly in the green with strong bull spikes into the closing bell…
The strength into the close is a big clue for tomorrow, suggesting there’s more of a rally baked-into these markets ahead of Friday’s Non-Farm Payroll report…
But look closely; you’ll see ONE of our favorite markets doesn’t seem as confident as the others, prompting me to wonder… should I trade it, or fade it? Let’s get started…
Continue readingWe’re back to our desks for a new week, new month and lots of trading opportunities on our radar for Tuesday’s trading session…
All of our favorite markets have Spike & Ranges on the chart tonight, which means I’m looking for buy setups below the range with the goal of trading the momentum swing from failure into a breakout – here’s the game plan…
Continue readingTomorrow isn’t just a Summer Friday, it’s also the end of July, which means we’re expecting a smaller window of opportunity with a strong dose of extra volatility…
The biggest challenge we face for Friday is how the market finished today; strong spikes into the close leave everyone wondering – “can they hold this?”
It’s true – buyers need to show us proof that today’s climactic finish wasn’t just a blow-off-top, which means anything is possible, and I want to make you’re ready no matter what we get – let’s get started…
Continue readingEverything looks bullish in the wake of this afternoon’s FOMC Announcement, which tells me to look for buy setups at key support levels on Thursday morning…
But biggest clue, was what DIDN’T happen today; the sellers failed to complete rotation on Crude Oil, Gold and the Emini, which is a key signal to stay focused on the long side – here’s my plan at attack…
Continue readingWe’re headed into the FOMC Announcement tomorrow afternoon, one of the biggest news events of July; our job is to get to our desks early for the best setups before things slow down into lunch…
Looking at the charts – balanced ranges will continue to play a role on Wednesday, and where there are ranges, there are lot of trap opportunities to catch rookies trading breakouts – are you with me? Let’s get started…
Continue readingWe’re back to our desks for another big week of trading; with the end of the month, the final week of earnings, the FOMC Announcement and the potential for new stimulus announcements – it’s going to be a great week in our trade room…
Looking at tomorrow’s session, everyone’s watching the Pendulum Swing on the Eminis and Crude Oil, while Gold tries to keep the momentum running higher.
Are you ready for the action? Let’s get started…
Continue readingI suppose it had to happen eventually – This week’s bull run finally came to an end this afternoon after a surprise spike in Jobless Claims, combined with growing tensions between the US and China gave buyers a reason to take profit…
Looking at the charts, our favorite markets finished today with strong spikes running lower, which makes our job relatively easy; there are four reliable patterns following a spike, and I want to make sure you’re ready for them…
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