Pre-market Update (Updated 9:00am eastern): US futures are slightly higher ahead of the open. European markets are trading mixed/flat. Asian markets are traded in a wide range from -0.8% up to +0.5%. Economic Reports Due out...
Read MoreThe first thing to say today is that there is a possible bounce brewing on both ES and EURUSD, though both are still close to yesterday’s lows at the moment. On EURUSD there is clear positive divergence on the 60min RSI...
Read MoreSPY continues its move lower yesterday dropping almost another 2%. During the morning SPY grinded lower only to be saved around 130.84. Right now short-term resistance is at 131.74 aka the 200 ema, SPY has been failing to get...
Read MoreOil has settled on top of a strong base, which means oil related stocks might stop their free fall and get a bid here. One potential long play is KOG. Pattern: Double Bottom – Reversal Pattern. This is a bullish reversal...
Read MoreQuick Glance at the Market Heat Map and Industries Read more…
Read MoreWe are now navigating some rather rough market waters. I’m now up to three long positions and just two short positions, though, even as soon as tomorrow, I could see me flipping to the short side more aggressively....
Read MoreI know it might seem crazy on the surface to jump in a long position early on, but typically those significant gap downs can be awfully difficult for the markets to hold on to. I’ve been eye-balling Authentec (AUTH) for a...
Read MorePre-market Update (Updated 9:00am eastern): US futures are down almost -1% ahead of the open. European markets are trading -1.1% lower. Asian markets are traded -0.6% lower. Economic Reports Due out (Times are EST): Chicago Fed...
Read MoreFriday was always likely to be a retracement or consolidation day as I mentioned on Friday morning. SPX rallied to close at the IHS neckline and that was neither bullish nor bearish really. A strong Sunday night on ES to follow...
Read MoreAfter a couple solid weeks in the market, it was easy to put the market weakness that proceeded it behind us and believe that greener pastures lied ahead. But it only took one day to re-instill that fear into the markets. With...
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