Good morning traders! First thing, I forgot to mention on the video that you should roll to the new contract. We are now trading the June 2022 contract. By Friday afternoon, usually, the majority of the volume is on the new contract. I would expect that to be the same today. Let us know if you have any questions!
Good morning traders! 4300 continues to be heavy resistance above. We tried again overnight and now we are trading 80 handles lower. So, while fundamentally there is a whole slew of issues that need to be resolves (interest rates, Russia/Ukraine, inflation, etc), the technical levels are still holding just fine. I'd hope that continues because it provides...
Morning Traders, Want to get you guys this video fast today, as the market is about to open. I would expect much of the same as yesterday, as we are now only 5 trading days to the big FOMC announcement. Heavy resistance remains overhead at 4300
Good morning traders, Another wild day yesterday as the touch of 4322 found sellers, and fast! We are back in this thin area from below, so it's important to watch your risk here. The market has the tendency to move violently in these areas.
Good morning Traders... The market is really liking this 4322 area, as it keeps returning and churning in that area. With that said, this is still a market that is susceptible to big moves due to news. I would expect to see the market continuing higher today, as we try to push back into the middle/upper part of this heavily traded area.
Good morning traders... After powell spoke yesterday, the markets went higher. Not sure what to make of the news about the interest rate hike/inflation coupled with all of the Russia/Ukraine stuff. However, the market is holding on to technical levels pretty well, which is not always the case in high volatile environments. I would expect to see 4500 next,...
Good morning traders... Much of the same yesterday. Brief rally, then some selling, then rally again. This leaves us precariously close to the "cliff" at 4275. Keep an eye on that level today if we get sellers early. I didn't mention in the video that powell is speaking at 10 today, and will likely cause some large swings in the market.
Good morning traders, Market gapped down and took much of the move from Friday back. Since then, the market has rallied again. I don't know what to make of this, except for the market is back in the bottom of a heavily traded area. I would give the edge to the longs here, until the next headline :)
Good morning traders, Wild situation in Ukraine going on right now. Please watch the ideas this morning to get a warning! Don't mean to be negative Nancy, but this may be a day to just chill!
Morning Traders! I probably should have done morning ideas yesterday, but I don't usually do them on holidays due to the lack of movement. However, this market is volatile even on holidays! We saw a big gap down overnight on escalating tensions between Ukraine and Russia. I would imagine the combo between that situation, and the FED rate hike, we will continue...
Good morning traders! Pretty big move yesterday lower, as the market is having a hard time holding onto higher prices. The situation in Ukraine with Russia certainly not helping stabilize the market. I think there is a big chance for a "Fat Tail" move.
Good morning traders, Some news on twitter saying that there were some shots fired in a village in Ukraine spooked the market briefly overnight, it looks like. This market feels like it's one news move pushes it one way, just to get pulled in the other direction by the next news move. This leaves us with a market that is swinging wide from side to side, but...
Good Morning Traders, Today is a big day with the FOMC minutes at 2pm. It's "bigger than usual" meeting minutes because of the inflation worries. If you're used to reading and not watching the video, I think the video today is important to watch. It talks about technical, and a little bit of fundamental context. Be careful out there today after 2pm, it's not...
Morning Traders! News about Russia's pullback from Ukraine pushed the market higher this morning, but leaves us between two areas. I think the open is important today and I think there are two distinct scenarios. Watch the video for those scenarios :)
Morning Traders, We have some weakness this morning starting with the european open. This leaves the market in between two areas, and I talk about those in the video from this morning. Not sure what to expect for volatility today, but if I had to make my best guess, I would expect it to to be another volatile day.
Good morning Traders, Market took ALL the news move back yesterday, just to turn around again and head lower. We went all the way to the bottom of the range, and have bounced back into the middle. I would expect a wide swinging chop fest today.
Morning Traders! Yesterday turned more trendy than I expected, but we are running into some of that stopping volume above us now. Low volume again today, so we will have to see if we have enough push to get through the resistance, but I think the long side has to be favored here.
Good Morning Traders! Low volume again overnight, and although it picked up yesterday, the market didn't go anywhere. I am looking for a similar type day today. I don't see a whole lot of downside potential with only 55% relative volume at the moment.