Homework and Trade Sheet Friday May 10th

May 10, 2019 | Opening Play

Friday tends to be the narrowest range of the week.  Overnight action was subdued after the expected tariff increase.  Friday morning:  Dax has formed in inside range trading day so
Read full article

Homework and Trade Sheet for Thursday 5/9

May 09, 2019 | Opening Play

Indexes closed with 30/60 minute bear flags that were in the process of breaking.  SOs got full retest  down.  88 – 94 continues to upside volume node.  Globex low of 2858 ma
Read full article

Homework and Trade Sheet for Wednesday May 8

May 08, 2019 | Opening Play

SP tested major support level, top of prior trading range.  New  momentum lows on 2 per ROC in all indexes.  This means damage done – should consolidate to intraday EMAs and t
Read full article

Homework and Trade Sheet for May 3

May 02, 2019 | Opening Play

Indexes: Buy day scalp  (2-period ROC poised to flip up on SP , NAZ, and Dow.) All indexes corrected back to their daily EMA. Bonds: look to cover shorts on any further weakness.   
Read full article

Homework and Trade Sheet for Wednesday 5/1

Apr 30, 2019 | Opening Play

Last three days of the month and first two days of the new moth for years have had positive bias and this time around it is turning out to be no different.  The DAX which we look at f
Read full article

Trade Sheet for Tuesday 4/30

Apr 29, 2019 | Opening Play

SP cash index made all time new highs, but volume was typical light Monday volume. Tuesday is the last day of the month, but the SPs have a Sell Short day setup on the 2-period ROC. 
Read full article

tradesheet for Monday April 28

Apr 28, 2019 | Opening Play

Currencies:  Shorting  opportunities on Monday and Tuesday –  Dollar – Buy Dip below daily 5 SMA. Gold and Silver on Sell Short day for Monday after rare daily Rocdot Sh
Read full article

Homework and Tradesheet for April 26,2019

Apr 25, 2019 | Opening Play

There is a three bar triangle on  SP,  DAX and Russell.  Breakout mode is possible, but there is good support just underneath at 2908.   If the 3/10 sell divergences kick in and t
Read full article

Tradesheet for Wednesday, April 24

Apr 24, 2019 | Opening Play

The SP, NAZ and DOW had NR7 “Zdays” (consolidation days).  Yesterday was a  buying climax in the Nazdaq.  Today the Russell made its full retest up and also made new mom
Read full article

Opening Play for Wednesday 4/24/19

Apr 23, 2019 | Opening Play

Good Morning Traders! The ES had a 3 bar triangle going into todays market. The ES proceeded to have an open drive and finished the session just off their highs moving into tomorrow. T
Read full article