Homework and TradeSheet for Wednesday July 3

Jul 02, 2019 | Market Commentary, Opening Play

SP:  ID   (81.75 PDH) Rus:  technically a  3 bar triangle US:   156’17 high test, making third push up on daily charts, potential for Turtle Soup Sell CD, AD –  exi
Read full article

Homework and TradeSheet for Tuesday July 2nd

Jul 02, 2019 | Market Commentary

SP:  Buy test of PDL, morning only.  Do not buy afternoon weakness,  (Close below  2969.25 Turtle Soup), came one tick shy of closing gap on downside NQ: Held gap area 7726. Rus &#
Read full article

Homework and TradeSheet for Monday July 1st

Jun 30, 2019 | Market Commentary, Opening Play

SP – 69.25 20 day high. Sell Short day scalp only….Rus has a chance to push to all time new highs on this leg up since the ROC made new  mo mo highs last week. NQ –
Read full article

Homework and TradeSheet for Wednesday June 26th

Jun 26, 2019 | Market Commentary, Opening Play

SP, NQ  – Pinball Buy Dow: Pinball Buy, seasonal long starts on Friday US – Sell Short day GC – needs one more day consolidation SI – Buy day – buy test
Read full article

Homework and TradeSheet for Monday June 24th

Jun 24, 2019 | Market Commentary

SP: Buy flush below 5 SMA (2944-45).   Downside bias the first part of the week after triples. NQ: forming three bar. 5 SMA = 7729 Rus: Pinball Buy, watch test of PDL US: Buy day 
Read full article

Homework and TradeSheet for Friday June 14th

Jun 13, 2019 | Market Commentary, Opening Play

The market continued to consolidate the recent markup as another light volume day unfolded. (The lightest volume day of the year for the NYSE.)   An increase in volume will be needed
Read full article

Tradesheet for Wednesday June 12

Jun 11, 2019 | Market Commentary, Opening Play

Volume increase as the indexes traded outside down the previous days range. They had 6 closes above the 5 SMA – not quite enough to start an extended run.  A trade and possible
Read full article

Homework and TradeSheet for Tuesday June 11

Jun 10, 2019 | Market Commentary

SP – 120 minute grail Buy underneath NQ – new mo mo high on 2 ROC, consolidation day US – 153’03 main downside pivot – test below Bunds – three bar
Read full article

Homework and Tradesheet for Monday June 10

Jun 09, 2019 | Market Commentary, Opening Play

Friday’s rally:  lightest volume day of the week. Good chance upside included some short squeeze. There is an unfilled pit session gap in play for this week below 54.75.  The t
Read full article

Homework and Trade Sheet for May 7

May 07, 2019 | Market Commentary

Volume on Friday’s rally was light and volume on Monday’s recovery was even lighter.  The market is in a down seasonal period for the next 6 weeks which implies headwinds
Read full article