LBRMarket Commentary

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 ...
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Homework and Trade Sheet for Monday 5/6

May 06, 2019 | Market Commentary

SPs 2917.75  2883.50 = Globex range.  Big gap opening – first play should be trade back up into gap area.   Fade the first earl push down for a scalp.  Strong support at 288...
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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.   ...
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Homework and Tradesheet for May 2

May 01, 2019 | Market Commentary

FOMC day brought an outside DOWN day in the SPs after cash made another all time high.  The market trended lower after a gap up  opening on APPL news – essentially a version of...
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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...
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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.  ...
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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...
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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...
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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...
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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...
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