2008, Part II
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
In Thursday’s review we spent some time setting up for the quarter end and while the action wasn’t exactly what I described, it was close enough to pull down some cash, and may set the stage for an important reversal next week.
Today I discuss why it’s normal to maybe have another severe down day on Monday. If so, then maybe the PCALL ratio can give us a reason to buy this market.
In today’s video, I discuss what a down day Monday would mean, and why /ES could bounce in the first week of October.
Friday brings the end of month along with the end of the quarter, and could also bring some additional volatility to the markets. Should we get a bigger break, these are a few of the bearish targets I’ll be looking for.
Tonight we begin with a review of today’s action in the S&P and the Roadmap for tomorrow. We’ll also look at the last chart standing and what the implications of its 2 day Squeeze may be.
Directional, 60-90 minute trading window, and waiting for price to reach a zone… that is boring daytrading in a nutshell. Here’s a look at how we daytraded this morning and a look at how euro, the long bond, and natural gas played out today.
Whether it be the euro, pound, crude, or indices, there are opportunities in the downtrends and neutral markets trends on a number of daily timeframes. I also share a tip on the price behavior I like to see before I short the rip.
In this video, we discuss the selling we have seen and try to make heads or tails of it. We hit another new low on the year for the SPX, so what does that mean for the overall market? Should we buy the dip or not? The best thing to do in a market like this is to proceed with caution and be very strategic with your trades.