Morning Traders! Market trying to find a balance area that is in between the much larger balance above, and the smaller balance below. I would give a slight edge to the buyers here, especially if we can push back into that area that I reference on the video. Volume is a bit low overnight, so maybe a lower volatility day than we've seen lately.
Good morning traders, Buckle up, it's going to be a wild one today. We have NFP jobs report coming out in 15 minutes and we are in a HIGH volatility environment. I would expect the market to be very noisy and travel very far today. Please do not take big risks around the announcement at 830. It's not worth trying to interpret how the market will price in the...
Morning Traders, Big news overnight was the Facebook (Meta) news. FB is down 25 percent in the overnight session, which will likely have some effect on the overall index because of its size. Otherwise, the market has run into the volume above us and is pulling back now. This doesn't mean that a reversal has happened and we are going to plunge, it's just a very...
Mornign Traders, A few minutes until the open here so I want to get these to you. Long story short, the market will likely run into some resistance here at 4560-4565. If we can push through it will likely slow down on it's way to 4650. I think if the sellers are going to show back up, it will be from here.
Good morning traders, Late to the game today. The volatility looks to be rather muted today, compared to what we have seen. I don't want to draw this out too much, it's already late. I would expect back and forth with a skew in the direction of the trend (up)
Morning Traders, I've been expecting this market to jump a little, and it just hasn't been able to sustain higher prices. We are left with an upside target of 4400 and a critical downside target of 4250. Likely to be swinging hard in both directions. Widen out!
Good Morning Traders! Market about to open so I want to get this to you quickly. It's short today, but I am looking for a rally.
Good morning traders, Welcome to a new week and a market making fresh lows. I speak in the video about the dragging created by some of the big names, particularly Tesla. They are not the only one, but definitely something to keep an eye on. I think this is a market that has the potential to rally because everyone seems to be talking about the end of the world,...
GOod morning traders, Caution on the open today as there are a lot of options expiring,. It wil likely lead to a very noisy and erratic open. Size down and widen out.
Good morning traders, A late afternoon selloff yesterday leaves us at the bottom of this very big trading range that we've been in since November. I don't know if I can see any clear levels that are that important today. What's more important is the options expiration tomorrow. I expect volatility in front of that, and a lot of volatility after that. The...
Good morning traders, First of all, my apologies for not putting ideas out the last few days. Back at the screens now and good to go. We are left with more volatility, and I don't expect that to change until after Friday, if it even subsides then. We were seeing talks of tapering and rate hikes maybe in March, now it seems that the rate hikes are more certain....
Morning Traders, Only about 7 minutes to the open at the time of writing this, so I will cut to the chase. I think this market remains in this pretty tight range but will likely have an upward skew and ultimately break higher.
Morning Traders, Another market that was able to pick itself off the mat and rally. I'm looking for 4766 area above to cause some resistance. Below, you would certainly want to see 4700 hold, if it cannot, i think we see 4650 again pretty fast. However, I think this is the lower probability.
Morning Traders, Mr. Market looks like it's having trouble holding onto higher prices since the new year began. We haven't seen those beginning of the year flows that we are so used to seeing. Part of the reason is the drag of the tech stocks (NQ). I explained in the video today how those stocks led the way up, and it looks like they're keeping the market down...
Morning Traders, Big miss on the jobs report this AM, and the market is hanging around the lows of the session. Today is shaping up to be a pretty turbulent day, with the key area for me being 4710ish above and 4650 below.
Good morning traders, WILD day yesterday after the FED announcement leaves the market in a precarious place. NQ is much weaker than the ES again, and there is momentum lower. However, let's see if the market can actually hold onto some weakness, for once, or we rebound in the face of adversity. I would keep an eye on news events today as I wouldn't be...
Good morning Traders! Welcome to a new year and a new trading week. We did not get the rally (window dressing) into the close that I expected to see at the end of the year, but we bounced right back up near the highs last night, nonetheless. We are left with a gap below, and a weak high (market looks like it's unfinished to the high side). I would expect us...
Morning Traders... Last trading day of the year today...I expect to see the usual window dressing after some afternoon weakness yesterday. I wouldn't even be surprised to see early weakness and a late day rally. Either way, I see the market trying to hold onto 2021 gains today.