Bought CALL in last minutes holding for weekend, so, what will happen?!!!!!!!!!!!!!!!!
MCD, GOLD, AJG, BLL, CLX, ES, KR, MKL, NEE, S, NEM
GOLD, MCD, AEP, CAG, CMS, D, DUK, ED, ES, NEM, NOC, PPL, SO
Some good news out of china overnight send the market up with a little spike. We are ranging near the value high and wold expect this market to continue in this direction,but we may need to dip into value first. I would continue to be long, and although there will be some short opportunities, make sure you are not overstaying them!
Looks like the video didn't reveal my drawings as it appeared to during recording, so I've posted the weekly chart here for a zoomed in picture. An unsustainable trend typically results in consolidation or a reversal in said trend. The Month of September will be critical to the US markets, as can be plainly seen in the S&P 500 Futures chart. Bulls have gone...
Status quo for this market, continue to move higher and then balance. This is telling us that we are unlikely finished moving higher just yet. I would'nt expect to see a reversal on this low volume from the overnight session.
Markets continue to trend up and we had a nice orderly auction yesterday, falling into a previous balance before bouncing. I would highly advise against going short here, today is options expiration and while it may work to be short, it's a low probability play.
While the large-cap stock indexes like the $SPY $SPX $QQQ $DIA have been running higher, they are now at resistance and should stall out or at least slowdown. Small-cap stocks have been building a base for a mega rally that could make the large-cap run look like chump change! See more analysis on the small-cap sector: Click Here
This video discusses how the market has been setup for a high probability of a melt-up. In a melt-up the market can jump 15-30% in the matter of weeks. Weeks ago I began positioning my trades for a melt-up scenario which pays off in days like today, but I think this thing could explode much higher. Today's price action sets us up for an opportunity to get long...
The QQQ have been on a tear for about a week now. If you we're watching my analysis from 3-4 weeks ago you were aware of the inside bar setup that I was waiting for a bullish breakout of. Although we had a false break down on 5/23, price immediately recovered and the bullish breakout that I had been predicting did ensue. The price action on 5/23 produce a very...
While I am personally trading the SPY due to it's great stock and options liquidity there have been a number of great bullish signals being through in multiple index and futures markets. Today I focus on the NASDAQ 100 futures and point out a nice inside bar/2 bar reversal pattern that as already broken out to the upside as well as an inside bar/ false break...
The markets have taken a bit of a breather over the last week or so. This type of price consolidation is common after a strong move and can provide good opportunities to get into the market for the next leg. In this case we have price still consolidating but starting to hug the upper range of the consolidation area. A potential entry is on the breakout of the...
Last week we saw an inside bar pattern form on the ES. There was a false break out of this inside pattern. Price pulled back in and continued to consolidate. Going into the Monday morning trading session it looks like we will have a gap up and may finally see that upside breakout to start the next leg up.
Price continues to consolidate on the daily chart so I take a look at any price action in the hourly charts. I see a potentially bullish hammer setup on the hourly chart off of a key price level. If the candle closes as a hammer and breaks above we may see that next strong bullish move up.
Can't stop a squeeze even post Missle! CME_MINI:ES1!
WOW - Another Bulls-Eye feature from TradingView! Here's my first recording with the ES on the chart. Check it out if it works and don't forget to grab your Happy TNXGVNG & P!