Yesterday gave us a nice down day and I recommended taking some/all of the 4012 short entry off the table, being we are in sloppy/choppy trade mode now. We did get 100spx on the trade … Read more
Futures are bouncing this morning and my preferred pattern is to see the spx test the 3900 support zone. If you took the short side from 4015, place your stop at entry and let it … Read more
Futures are down marginally and that is another win for the bulls after some massive rallies this week. Nothing has changed on my end. I can build a great case for both the bulls/bears, but … Read more
Futures are flat again this morning and the bulls are starting to look a little tired. The sell signals on the /es 60’s are clear and the choppy toppy pattern is suggesting we could see … Read more
Futures are flat this morning after yesterday’s massive short squeeze yesterday. That is a win for the bulls and there really isn’t a whole lot to go over this morning. Nothing has changed in my … Read more
Welcome to the whipsaw market. Yesterday we saw the /es gap open some 30+ points only to close down 32 points. This morning we wake up to the /es +29 as I type. There are … Read more
The /es is +35 as I type and the master planners are picking up the pace of the well-orchestrated short squeeze. I am a little frustrated at myself for raising the stop and should have … Read more
The /es is +8 as I type and the bulls are not giving up without a fight. We have made a series of lower highs and lower lows, so the bears are in control of … Read more
The bears are starting to get some traction here on the downside. I/We are cash right now and I will be watching for bounces to short. My thinking is we will be in trade mode … Read more
CPI came in hot again and our final 1/3 of the long side trade will be stopped at the open. We still could see some big moves in both directions, but the bad news that … Read more