In addition to the S&P 500, several markets showed signs of potential turns today. Bonds triggered the short signal we were looking for, Euro is turning back up. The idea of Crude turning back down here is more tenuous but perhaps rewarding if it works.
This was a choppy end of the day and here’s the breakdown of the closing session — the distinctions from today are lessons; ones that will keep a trader out of trouble when the markets get tricky.
With a lot of asset reshuffling today, all eyes are on this level tomorrow to prevent “margin call Monday.”
It felt like the afternoon sell-off was never going to give us a chance to enter. And when five minutes turned to ten and a sell-off in the Nas went from 10 to 50 points, it seems like all hope was lost, until…
On Monday the bull was on, and a handful of key stocks continue to act great. What does this chart tell us?
While we continue to trade intraday setups in the ES, NQ, and YM, taking advantage of the intraday roller-coaster, there are still end-of-day time frames in their entry zone and it’s these that continue to look interesting. Today was about Powell, and that means putting currencies in play. There is much to consider as dollar … Read more
After today’s action, some key stocks and markets are standing on their own two feet, while others are on their knees. Here’s what I’m looking for tomorrow.