On Demand

Trading Commentaries

Showing Posts 61 - 70 out of 113 found.

S&P 500 - Key Levels to Watch

S&P 500 - Key Levels to Watch

Equities have retreated from the April highs in the last two weeks, dropping 1.33% so far this week. The latest pullback brought the S&P 500 back down for the eighth test of the 100-day simple moving average since December. On Wednesday, the major U.S. equity index briefly went below the key moving average, but was able to rally 12 points off of the lows by the end of the session. This...

Continue Reading

Space Travelers, Bitcoins, and Neighbors Spying On Neighbors

Space Travelers, Bitcoins, and Neighbors Spying On Neighbors

This morning, a reader responded to my referencing that report from San Jose California about personal drones spying on neighbors. Some years ago people saw space travelers from distant planets. Now perhaps they see drones. Have you seen any valid reports, substantiated by other evidence?    So, I checked it out and in my somewhat limited research, I did find numerous police reports, but I...

Continue Reading

E-Mini: Retreating Again

E-Mini: Retreating Again

Yesterday Let's recap a little. On Monday the S&P500 mini futures (ES) closed near the resistance that has been holding the market in check since the beginning of April. But the close near the top of the near-term triangle that has formed on the daily chart was not convincing. Yesterday (Tuesday) it reversed again. The Monday rally occurred on light volume, which indicates the Bulls were...

Continue Reading

Grain Exports

Grain Exports

Export sales for wheat on the week came in at minus 449 thousand metric tons.  Sales have been bad for months, but this should not be looked at as anything different than the week prior as wheat’s new marketing year begins June 1st.  It is common in the last month of the old marketing year to see cancelations and new shipping dates for new crop delivery.  Export sales for the new marketing...

Continue Reading

Gap Hunt Continues

Gap Hunt Continues

The Nasdaq futures ended the day on Monday near the Weekly Pivot (4469), which represents a point of equilibrium. The rejection of higher prices on Monday, however, and the return to ground zero, filling the opening gap, the Nasdaq futures completed a bit of technical housekeeping. The pink areas on the Volume Profile chart show filled gaps. As noted yesterday, for the gap police, we had two...

Continue Reading

Facebook Calendar Spread

Facebook Calendar Spread

As an options trader, all we are trying to do is maximize the reward for the risk we take.  I don’t have a crystal ball.  I do have tools at my disposal in the form of technical and fundamental analysis.  Let’s take a look in Facebook (FB).  Facebook has been a stock that has been hard to buy.  What do I mean by that?  Sure it’s easy to say “I want to buy FB” turn around, hit the green...

Continue Reading

Clarity, Clarity, Speculation, and Creepy

Clarity, Clarity, Speculation, and Creepy

I have to start the day with taking aim at Reuters News. Now, I get it, they have two different pieces of data here, but at first reading, this fact is hard to tell. The headlines are in bold below and right underneath each is the opening paragraph for each story. U.S. services sector growth cools in April: Markit The pace of expansion in the U.S. services sector eased from a seven-month...

Continue Reading

More of the Same

More of the Same

Yesterday The S&P500 mini futures (ES) made a continuation move up yesterday (Monday) and rallied back to the familiar resistance level at 2115, before dropping back when the morning momentum died out. It still managed to close at 2109.25, eight points above the previous close, and above the opening gap. Volume was light, but the price action was bullish. Monday's rally takes the minis...

Continue Reading

Trading 101: Why I Never Buy or Sell That First Big Move

Trading 101: Why I Never Buy or Sell That First Big Move

In the game of trading, there is always a rush to be the first one in or out of a stock’s huge move. It’s great fun and a huge ego boost to be able to “call that shot,” whether it’s a bottom or top. There’s just one problem: These trading decisions are often impulsive and made without much thought. When a stock plunges, it may seem appropriate to stick your hand in and take a slice or big...

Continue Reading

Soft Landing for Icarus

Soft Landing for Icarus

The Nasdaq futures ended last week at the Weekly Pivot (4469). Weekly pivots represent a balance point. Then, we opened with some enthusiasm on Monday, gapping up about 13 points, and proceeded to advance into the Speedzone, as noted yesterday on the Volume Profile chart. This is a price range where we had a previous gap and it makes for fast movement when revisited, since markets have...

Continue Reading
    3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11    
Membership is Free. Join Now in less than 5 seconds! Alternatively Join or Sign In here.