New Levels To Watch In Bonds
A new update to Voodoo Lines has given us updated levels in U.S. Treasury futures for the first time in several decades. Let’s look at what these new levels are telling us to look at.
Archives: Daily Videos
list of daily videos
A Tractor Beam To The Lower Strikes
Big NASDAQ Stock Open Interest Under Opening Prices Led to a “Tractor Beam” to the Lower Strikes. With the long bonds still selling off, it didn’t take much for stocks to get pulled down to their lower strike prices. Next week, if bonds don’t rally, the major indexes could break important trendlines.
Plentiful Pins
Pinning is a concept that gets thrown around a lot, and while it won’t always work, watching it around witching expirations tends to increase the probability of success. Let’s look at a few of these from today’s expiration.
Daytrading Is STILL Working
With a choppy week and OpEx, staying nimble is not only working, it’s the best way to control risk and manage the volatility.
2 Days To Come Through
In Monday night’s review I discussed SPX and a target at 4500. That came through today and with this huge upside level tested what might we look for next? Let’s look at a few scenarios in tonight’s update.
Settlement
Here she comes. The big bad triple witch of the Qtr. Tomorrow morning there will be an enormous amount of notional value settling as Futures and AM options find their final settlement values. Mind your risk and get through this so we can get back to some more normal or average price action next week.
Chart Patterns, and Support and Resistance, Are My Most Important Trading “Tells”
Definable charts patterns, and price support and resistance, are my most important tools to trade with, day by day.
CPI Is Out, PPI Still To Come
In this video, we review today’s market action after the “hot” CPI numbers that came out premarket. We got an initial flush and then a bounce which ultimately ended up giving us chop all day long. We still have PPI tomorrow so we could go either way and then we have the FED meeting next week so that is what we are all waiting on for clarity.
What Does The CPI Non-Event Mean?
Today we got both US and Japan’s CPI as well as UK’s GDP. None of which were enough to reprice the market. What next and what will it take for price to move out of this range? Let’s look at that tonight.
