I will eventually start posting weekly videos with the outlook on my 5 favorite trading instruments on which I place around 90% of the deals. These include: SPX, Gold, Crude Oil, EURUSD pair and the Emerging markets via USDRUB. If you like what you see, please fell free to hit the Like bottom and leave your comments. Disclaimer: By viewing this video you...
Tradewar Agreement - Just Around the Corner? The "90% done" cards no longer play with any of us in the nation, as we have been told it multiple times. Was the administration just cooking up things as they go to the press/twitter or were they naive or incompetent or all of the above? Regardless of the reason why, investors seem to have now resigned to the fact...
Overnight session market has been coming down from yesterdays high in a waterfall pattern. It seems like we will get a test of the 50% level of yesterday's RTH session. Look for a test of overnight Low and off to the races since it is Friday. Levels to watch 2916---2918
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: One long opened at 2904 and being carried over to the next session, with a 9-point trailing stop anchored at 2929.72. Aggressive, Intraday...
Bear Trap, Bull Trap, or Consolidation? The aftermath of the recent market sell off could be interpreted - as of now - as a potential bear trap (if you are bullish), a potential bull trap (if you are bearish), or a consolidation of the downside move. Our models have not formed any near term directional bias, yet, and are in an indeterminate state, waiting for...
After a very volatile session yesterday, market has been trading sideways during overnight session. One would expect at least a test of the .50 or .618 Fibonacci level during overnight session. Perhaps, we could see a test of overnight High before any direction is set. Levels to watch 2895---2897
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: Lead to +54.36 index points in gains on six longs and four shorts. Aggressive, Intraday Models: Lead to +57.56 index points in gains on twelve...
Plan your Trades Ahead - and Stick to the Plan - in this Yo-Yo of a Market! Those who tended to believe that Monday's big drop was done with Tuesday's comeback might be finding themselves caught off guard with the overnight futures falling again. The opening drop may or may not last, but it is more than likely that the volatility is here to stay for some more...
During overnight session market has tested both high and low of yesterday's RTH session which is very unusual. I would expect today market to test overnight Low and decide on direction. Level to watch 2851---2853
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. On the heels of the extreme volatility yesterday, our models' published trading plans proved to be consistent in their ability to adapt to market conditions and generate market...
Yesterday after RTH close market sold off below 2700. Then it rallied during overnight session almost 100 points to .618 of RTH session which is mind boggling. Market will very likely test overnight session High and decide on direction. Level to watch 2869---2867
HUGE SUPPORT AND DEMAND VOLUMES - ZONES OF TRADING LOCATION
Dead Cat Bounce or Short Term Bottom? There are a lot of theories one can find - and read into the charts - to argue for either case, and a lot of TV talking heads pounding the tables for or against each theory. At TradersAI.com, we do not pretend to know the answer to that question - nor do we care to engage in an attempt to find an answer. What we strive to,...
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. On this extremely volatile day, our models' published trading plans proved to be consistent in their ability to adapt to market conditions and generate market beating returns. Some...
Back in September ‘18, a proper correction took place after a second attempt against this BEARish Resistance. Today, nearly a year later, we are approaching the same level of resistance; what do you think is going to happen? With it’s current range, between the BEARish Resistance and the Red Support Line, a prominent “Megaphone” pattern has formed; usually...
Trade War Chaos...Explained by Laws of Physics! Those who thought we could just bull doze our way through global trade wars without even a scratch, need to look no further than Physics 101 to appreciate the fact that there will be repercussions to our own economy from a trade war with a major trade "partner". It may or may not prove to be long lasting or really...
Market has been selling off during overnight session. Since the sell off has been so aggressive last few trading sessions, I would expect Fibonacci 1.272 and/or 1.618 levels of Fridays RTH to be good resistance levels. This selling seems like end of December of 2018. Levels to watch 2894---2896 Reports to watch: US:PMI Services Index 9:45 AM ET US:ISM...
Results of our models' trading plans, published in the morning on Friday, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: Lead to +1.60 index points in gains on two longs. Aggressive, Intraday Models: Lead to +30.49 index points in gains on two longs and...