Choppiness to Persist Into Friday? As we wrote in our trading plans for yesterday, Tue., 03/28: "However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window dressing. We will get more clarity on this potential as we approach Friday". Our models continue to be in an...
this is mar 29, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
This is long 20 min video. I think i reached the limit as i didn't manage to finish the recording but you will get the point. You better get the point or you might run deadly risks going Long or Short.... I am going to start with the 3 de-couplings: 1. China-US Decoupling 2. Banks - Crypto decoupling 3. Crypto-Indices decoupling I cover all 3 in the video plus...
In the is update we review the recent price action in the `#SP500 emini futures contract and identify some high probability trading opportunities and price objectives tot arget
I put the wrong headliner earlier today but this is the correct chart moving from tonight to tomorrow 3/29. Our zones held up pretty darn well today. looking forward to tomorrows session ✅
🖼 Daily Technical Picture 📈 ➤ Another low volatility day. Equity prices recovered to finish where it started the day. For me it meant flipping my short position to being long/buy. ➤ "The Flipper" in Cricket is a bowling action made famous by the legend leg spinner Shane Warne...may he rest in peace. It's a normal looking spinning delivery but actually just skids...
Hard to make money when the market has been going sideways for the past month, and basically at the same spot it was the second week of the calendar year. All you can do is take your pot shots when indicators line up. You can't chase a whipsaw market, especially with options.
The S&P500 recently has been negatively correlated with bond yields. The while line is the US10Y. This has been inside a Channel Down and is near its bottom. Based on their negative correlation that will push the S&P500 lower. The time that both the S&P500 and the US10Y rose simultaneously was after August 1st and we can seriously argue that there are...
Slept in because I'm all cash, ES MFI is almost oversold, NQ is already there. RSI not moving much, so probably just more whipsaw, lol. Financials almost look like they're setting up for another dump. Based on indicators, we could see another short cap dump and tech rally tomorrow. Don't really see anything worth trading today, no idea which way the market...
Rising Yields Back In Focus With the banking chaos now a bit settled, the markets seem to be focusing back on Interest rates (and, hence inflation). The rising yields today seem to be holding back the markets. However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window...
Hitting zones perfectly today! Added extra 5MIN and 15MIN. Same idea as yesterday.
this is mar 28, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
So I hope you enjoyed the calm. I ended up taking my ball and playing elsewhere. I had said I had a strong sell signal on the Nasdaq going into yesterday, and so even when we were up on the day, I went short, and made my entire weekly goal on the Nasdaq. Additionally, I have that Soybean trade from last week I had talked about, and that is up 40 points for another...
🖼 Daily Technical Picture 📈 ➤ A low volatility start to the week. NASDAQ underperformed while Russell 2000 small cap caught a bid. Price could not push through the short-term resistance level above 400 on the SPY. VIX keeps moving lower. ➤ I'm finally back in the action with a moderate short position. It's going to be a short stay, 1 or 2 days perhaps. It was...
ES and RTY MFI overbought, NQ is not there yet. So the question now is if RSI hits overbought before it dips or if we get a MFI selloff. Not really sure, but I dumped my GM and PTON calls, because I don't feel like losing money going long on garbage stocks, lol. Grabbed a few COIN puts to offset my PCAR long position. Sticking with that for now, staying light...
this is mar 27, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
So being how Friday ended I am not surprised we've seen some premarket momentum to carry that forward. I don't know that I see us exploding higher as the market opens today, but I wouldn't be surprised if we reach 4040 or so. I'm more expecting us to have a move back down towards 4000 shortly after the open, though I do expect today to be mostly a calm day with...
Having covered Gold & the Equity Index last week, this week we will look at how we could leverage both to trade on the move we’re watching! Quite a happening market we first covered Gold two weeks ago. Firstly, the interest rates market had a sizeable correction, with the 10Y-2Y yield now trading at close to -0.45% instead of the -1% range just 3 weeks ago....