Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: No trades were triggered Aggressive, Intraday Models: Lead to +18.2 index points in gains on three longs and three shorts. THE DETAILS: For...
Do Not Rush Into Position Trading The geopolitical and economic situations and potential signals (yield curve, anyone?) are getting increasingly slippery and there could be a lot of false signals in these markets. Staying out of the markets can be much better than getting trapped on the wrong side. Agile and nimble trading is the continued theme that our models...
Overnight session market has sold off below yesterday's RTH session Low which could be bearish. It might be a good idea to keep an eye on yesterday's close and see how market reacts. Levels to watch 2863---2865 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
When You Can Not See the Road Ahead The whipsaw that bears got caught in on Friday's melt down, and the dismay the bulls felt with the ease of the free fall...is likely leaving both sides feeling trapped with the spike up from the 2810.25 lows. If you got in on the right side and/or looking at just entering into the markets afresh, have a clear and well defined...
Market has rallied again during overnight session. However, it has yet to test the overnight low. If there is a pullback. it will try to test overnight low which coincides with 50% Fibonacci level of yesterdays RTH. Level to watch 2885---2887 Report to watch: US:Consumer Confidence 10:00
After Friday's big sell off market went down to 1.272 level of RTH session and bounced during overnight session. However, rally stalled around .618 level of the Friday's RTH session. We might get a test of Friday's low before any direction. Level to watch 2847---2849
RESULTS of MODEL TRADES for FRI 08/23 Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: The index essentially melted down on Friday, logging the fourth straight week of losses, due to Powell's not-so-supportive (for rate...
Patience, Observation and Analysis is what needed in this market. Let's look at the pattern on this daily chart. 1) First time when market sold off on September of 2018, it rallied to 61.8% level and sold off aggressively to 161.8% level of Flag 1 Then it rallied to 1.272 level of Flag 2 2) Flag 3 market sold off again and stopped at 38.2% level pf Flag...
CME:SP1! In the last week the American market has lost value and on the 4h chart we notice a potential upward triangle if it were to bounce on the dynamic support. This is a phase of uncertainty and we will evaluate opportunities in the various companies.
During overnight session market has rallied to 1.618 Fibonacci level of day before yesterday's RTH level. Until tariff news came out of China, market sold off aggressively. Most of the time, market will retrace and test 50% or 61.8% level of sell off. Today might be a good day to keep an eye on all Fibonacci levels for this weeks RTH session. Level to watch...
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: The index essentially closed unchanged (-1.48, -0.05%), after oscillating within a range of 26.43 points intraday. Our medium-frequency models didn't trigger any trades -...
(these plans were published at tradersai.com much earlier - re-posting it here for your easy reference; please subscribe at tradersai.com for free - no credit card required - if you want to be able to view the posts as soon as they are originally published) PLEASE NOTE that the chart shows a short level at 2921 (from yesterday), but it is updated to 2918 (the...
Overnight market has been trading within yesterdays RTH session range. It seems like we might see a breakout one way or the other direction. Market might test overnight High before any direction. Level to watch 2916---2914 Reports to be aware of are : US:Leading Indicators 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: No trades triggered today. Aggressive, Intraday Models: Lead to -13.70 index points in losses on two longs and two shorts. THE DETAILS: For...
FOMC Meeting Minutes to Offer Help for Market Bulls? The early exuberance around retail earnings notwithstanding, FOMC meeting minutes release at 2:00pm EST is going to set the tone for the market's mood for the rest of the week until Friday. Plummeting bond yields and the underlying recession concerns, or the skyrocketing retail earnings and the strong consumer...
Market has rallied during overnight session and tested yesterday RTH High. Next level to test would be Fibonacci 1.272 level of yesterdays RTH. Levels to watch 2920---2918 Report to be aware of are : US:Existing Home Sales 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Minutes 2:00 PM ET
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: Open long from Thursday, 08/15 (with entry point at 2835) got closed with +84.01 index points in gains. No new trades opened today. ...
Not Done Yet! The roller coaster ride of the last few weeks does not seem to end any time soon, as neither the bulls nor the bears have any advantage here as of now. Hence, investors need to be nimbler and more agile than usual if want to trade in these markets. Or, have deep pockets and be able to sit tight when the markets go against your positions if you have...