list of daily videos
We have been using $70 Crude as Line in the Sand for a while now in the Futures Trading Room. Tonight I will share with you the How, What, Where, When & Why behind that decision along with target(s) and then the “Paul Harvey” or the Rest of the Story.
Most markets are now too far from their 50 SMA. Now I look for short ideas.
The markets had a strong reaction to the CPI report this morning, and I’ll be looking for some bullish entries on the next dip. Here’s a few of the daily squeezes I’ll be keeping an eye on.
It’s in. CPI comes in favorable and the markets likes it. The Dollar takes a hit but all else is good. Let’s digest this and make a plan for what lies ahead and how I’m looking to trade it.
In Monday’s review we spent some time covering Firelines and their importance to patterns that unfold in the market. A couple of these names have performed especially well, and are worth having another look at.
Combining MACD’s with the 50 SMA has been working great for short term buy and sell ideas.
The runaway story this week is not earnings or the CPI, but the NASDAQ rebalance. Here’s how I am handling this unusual situation.
Meta has a confluence of bullish price patterns, including multiple breakaway gaps, a gap fill, and multi-timeframe squeezes. These are all reasons to look for higher prices in META going into, and past, earnings this quarter.
Since June 16 it appears the line in the sand has been and still is 4451 ES. It appears the same is still true today. Let’s talk through what to do with that both higher, lower, & when in tonight’s market update.
