Reading The Initial Balance
Tonight I will walk through the Initial Balance and cross reference it to the Volume Profile for both suggested support on retrace as well as measured move targets to the upside.
Archives: Daily Videos
list of daily videos
Trapped In Friday’s Range
Friday’s high met short-term upside Fibonacci targets in the S&P 500 while Friday’s low met Fibonacci swing failure support targets. Inside that range we hit another cluster at today’s high leaving uncertainty as to tomorrow’s direction.
Lazy VIX
What could the current reading on the VIX be reflecting about the market’s current mood? Here’s a breakdown of levels to watch as well as why the VIX may not be sitting at lows for long.
Micro Voodoo Lines & Gamma Strikes
These two themes, Micro Voodoo Lines and Gamma Strikes, are two of the most important things I’ve seen driving the market. Let’s review how some of those levels played out today.
A Run In Solar
First Solar saw a nice pop off their last earnings report. With a fresh daily Squeeze, is there potential for a run into the upcoming report? Let’s look at some levels around the idea.
Short Term ES trades With Micro Voodoo Lines
In a market which has no memory from day to day, I’m focused on short term trades. Here are the nearby levels I’m watching..
FOMC Announcement Wreaks Havoc on Markets
In today’s video, we discuss the day’s events and the wild ride from the market. We had CPI, FED speak, and FOMC today and after the dust settled, we lost about 64 points in the ES. This is not what I was expecting, as I have been bullish and looking for ES 4200. We have been very close, and I think we still have a shot, but the market is losing momentum. In looking forward, we have PPI tomorrow, and retail sales and Bank earnings starting on Friday, so anything can happen. Lastly, we look over the next couple weeks for the big events to watch out for and what we might expect from those.
Is A Recession Looming On The Horizon?
U.S. Equities wiped out morning gains after the release of the Federal Reserve’s March minutes. Check out how the STRIKEZONE identified this move in advance and set us up with a nice win.
So Goes Apple…
The weakness in AAPL is setting up some buying opportunities for traders aware of volatility support and resistance levels. In this update we take a look at the connecting thread of AAPL, XLK, and NASDAQ futures.