Opening Play for Wednesday 7/22

Goodd Morning Traders!

SPs pushed to new highs,  so far the DOW has fallen short…..KO  MCD  TRV   versus  GS  IBM V  and BA  during this earning’s  season….
AAPL proved to bee anticlimatic….

Most markets remain in one extreme or the other –  range bound currencies and metals  versus trending grains and nat gas….

There remain unfilled gaps to the downside in all indexes basis the Pit session from Tuesday’s trading…..These can come into play on Wednesday – see levels marked off.

Bonds and tens remain in trading  range on  120 minute charts – not  ripe for breakout  up or  down  quite yet. Silver, however, has nice converging trendlines on 120 minute chart that often leads to better range  expansion move…

Market indicators remain relatively neutral with the exception of sentiment indicators such as put/call ratios, which remain overbought.

Sps closed well off their high –  look for gap areas  to downside now…120 minute  chart provides nice roadmap on DAX and Russell.

Have a good day!




7-22-2014 5-47-40 PM


Tradesheet from Snagit











Markets in BO Mode:

BOs from snagit