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.
Good morning traders, Same ol' stuff, different day. Still consolidating at the highs, likely to see some kind of push in the next two trading days to "clean up" this weak high. You need to distance yourself as a trader from the result of the next trade, and think of the market in probabilities. The data shows that the probability of the market continuing...
Good morning traders, We are still balancing on the highs and I would expect the dips to continue to be bought into the new year. Trendy looking profile, clearly looks unfinished to me.