Everything is looking higher. End of the month window dressing likely as funds will look to protect October gains. I'd be looking to buy 26
All time highs finally reached, which is what we expected. I didn't expect it to happen so quickly, but here we are. Very tough to find shorts in this kind of environment as there is nothing to lean on higher. Gun to the head, I'd have to be long even though the market has broken out on pretty low volume. Areas below that are significant are 3010-3005 area....
Clearly the market shrugged off Mondays closing selloff and is right back up at the weak high that monday left behind. I would expect the market to take out this weak high and try and continue higher. I'm looking at 3002 or so for a long opportunity!
We broke out of this area, albeit on low volume, but we are accepting prices up here for the time being. I would expect any kind of pullback to come back to the 3000 area and if this breakout is for real, I think the buyers will show back up at that point. If they don't, I would look for 85 again, and possibly lower as this would be a failed breakout. The low...
Not much has changed. Low volume overnight and we are back at the 3000 level. Will we return to all time highs? Probably. However, it doesn't have to be today, this week, or this month. Don't chase the market.
Still short from yesterday. Low volume overnight, looking like a dead kind of day to end the week. I am still looking on the short side for the market to rollover. The key to knowing this trade is wrong is if we start accepting above 3000.
We are now hanging out at the top of balance. Gun to the head, I'd still want to be short. If I change my mind on the short, it's becuase the buyers will move the market abvoe this 3000 area and we will start to trade a lot of volume up there. Until then, if you are long from here you are buying the breakout from value high and that's a losing proposition,...
A nice trade overnight based on the footprints the market had built. I'm looking for yesterdays weak high to be taken out and then see if the sellers can push back at that point. If not we are probably looking at all time highs again, but I would be cautious as we have not really done anything other than go back to the high of the value from September 4- End...
Yesterday is a throw away day. We are still inside of fridays range, big targets being 3000 above and the area at 2952ish below. I think the line in the sand today is 2963, if we fall below that i think we run quickly to the area at 2952. I would expect VPOC from friday to act as some resitance above. If the market pushes through it, I would be looking for...
Market pushed back into the previous acceptance area, beginning at 2960's in the overnight session. I would be looking at longs on a pullback for a ride to 2980, 3000 as the extended target. The idea is wrong in the mid 2940's, IMO.
A lot of movement overnight, but it was all based on the china news. After all the smoke cleared, we are right back in the place we were to close yesterday. I would expect the market to go back and forth between 2900 and 2921. Don't get caught chasing the market. If one side is dominating the action, try to get back on pullbacks and not when teh market "LOOKS...
Market really struggled yesterday after initially pushing to the previous day's value high. However, on the morning ideas yesterday, I spoke of the 95 area and we did indeed get a nice bounce there yesterday, only for that bounce to fail at the end of the day. I see this market having trouble holding on to higher prices, and would expect to see some weakness...
I missed my entry last night by 1 tick. Market clearly rejected the 2960 area. I would stay on the short side, esepcially if we get a bounce towards 2035 on the open. Below I'd be looking for 2895 as an area of interest.
The market did a lot of what was expected yesterday, but we sunk a little further down than expected. This was news based, and can never be predicted. However, the market quickly shrugged off the news and returned right back to the scene of the crime and ended up heading towards the resistance area at 2917ish. Today I will watch the open intently to see if the...
After two strong down days in a row, I think the market is poised to take a breather. I am looking at the areas between 2915 and 2880 as the areas that the market will pinball in between.