Da bulls. We are long per our last post. We have hit out first target Friday and have pulled our stops up looking to the 4400 area for the next target. The third target will be open. Read past posts...if you were patient you were rewarded on this trade. Stay tuned
The NQ is getting close to firing off a long trade. We want to see a break and close above 4275 before we establish a position. This goes on the watch list.
Watch more on our Weekly Video Update: youtu.be
We are still waiting for the $NQ to find out zone around 4275. We like believe price will trade above it and if it does we will look for a trigger on a lower time frame to get involved to the upside. Patience will pay on this. Watch our video on this: youtu.be
$NQ never trigger and now may present a good opportunity. We are waiting for a close above 4275. Once this takes place we will look for trigger longs.
HAPPY NEW YEAR!!!!!!!
$NQ still has not triggered and it may run away from us...bummer. We will not initiate any new trades until next due to the holiday. This is still our watch list.
HAPPY HOLIDAY TO ALL!!!!!!!
SANTA IS punishing the bears for doubting him. The push is on and we are long from a 60 min pullback and trigger. We will trail stops. The target is the 2100
HAPPY HOLIDAYS TO ALL!!!!!!!
V's are in for the season. As we said on the $ES chart...the $NQ is in full buy mode. We are looking at a test of the highs and then possibly the 4400 area. Keep it on your watch list.
The sisters ($TF and $NQ) didn't play along and we busted through 2 levels of support. Is this the top for the year? Hard to tell since we can run through the highs in a couple days. Looking at the weekly and monthly chart we would say there is more upside to come. So enjoy the pullback. We will look to short (very small size) on bounces and triggers. ...
While the Nasdaq and Russell are lagging the S&P are still making new high. If the sisters decide to join in then we could see 2100 before the end of the year. It's well in range.
An inside weekly bar on the Nasdaq. This has been a powerful move and while we're in need of a good pullback it's not a good idea to fight this trend. We are looking for sideways to higher over the next week and will trade it light on dips. REMEMBER: No trigger no trade.
With a monster gap up Friday the indices sold off nicely. NQ1! is out favorite to trade and with this reversal candle we will start to nibble on the short on any bounces. If the NQ can get some legs to the downside we will look for 4200 and then 4150.
NQ sits above long term channel resistance, and is likely to fall back into the channel this week given the pressure on NQ's weekly RSI, Stochastics and MACD which are rolling over from recent tops. High momentum names like Netflix (NFLX) and Tesla (TSLA) continue leading the topping process on NQ, anticipating the end of US QE in October. Visit goo.gl for...
Isn't it amazing that mediocre economic data can't make a market move but a crappy iwatch can turn the market on it's ear. That's what the markets have become.
The SPY is trying to break but no clear break down yet. We will watch the ES1! during the globex session for possible entries. Though we are expecting a bounce before any break.
