morning notes

The /ES is +27 as I type and everything is going as planned. The 200-week MA was a perfect entry, I/we have already locked in 140 spx points for 1/3 of our position and our … Read more

The bulls were able to kick save a 50-point gap down open yesterday and only close -5 for the day. They are trying to follow through from the 90+ gain Monday and yesterday’s kick save … Read more

Well, it looks like the bears are not going to stop and let the bulls have more than 1 day of rallying. The /es is -54 as I type and that is giving back a … Read more

So, I did forget that the markets were closed yesterday as I put the morning notes out. But the gains we saw yesterday have extended and the 3638 suggested long entry, should be close to … Read more

We are seeing the bulls try for another gap higher open this morning. Will they be able to hold the gains this time? I am still on the side that a short-term low is in … Read more

This market is ill and even in overnight trading when they try and prop the tape up when the peeps are sleeping, is FAILING! The overnight bulls rallied the /es up to 3806 before sellers … Read more

Futures were under some selling last night, but as expected, the master planners didn’t want their peeps heading into a long weekend on a down note. I am not sure they will hold gains, but … Read more

Hi Everyone, My prayers go out to the families at the school shooting yesterday. What is going on with society these days?? Yesterday I pointed out the tale of two patterns. Well, the bearish head and shoulders … Read more

From yesterday: I am still leaning on buying weakness here, but one does have to be careful.  We saw the spx test my support 1 (3986), where buyers stepped in and closed the spx back above … Read more

So the test of the 4055 reaction target with a high of 4065 before sellers took over. In yesterday’s report as the spx was -20+, I said the bulls/markets look ill, but I would prefer … Read more