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Opening Play for Friday 2/7

Good Morning Traders!    The market had an upside breakout from a  coil out of very oversold conditions.  The SPs were able to make...

Opening Play for Thursday 2/6

Good Morning Traders!  All indexes continued to fill out range on the 120 minute charts.   Volume was on the lighter side, breadth remained negative all...

Opening Play for Wednesday 2/5/14

Good Morning Traders! The market spent the day consolidating the prior trend day down out of a coiled chart formation.  Indexes were able to retrace...

Opening Play for Tuesday 2/4

A donwside breakout from the coil led to a steady rtend day down with heavy breadth.  Look for morning consoldiation - rally up to...

Opening Play for Monday 2/3/14

After testing the lower end of the 5 day trading range, the Sps were able to trade back into the middle of the range. ...

Opening Play for Friday Jan 31st

Outside Inside range day patterns are one of the better breakout formations.   The SP cash closed above the 5 SMA after a downside momentum...

Opening Play for Thursday 1/30

Below is a 60,000 tick chart.  "A picture is worth a thousand words."  The market can stage an oversold reaction  up after a large...

Dogpile in or out? Opening Play Wed 1/29

  After 3 days high to low and oversold conditions, the indexes consolidated back to the hourly EMA.   A breakout coil has formed going...

Commentary and Tradesheet for Tues 1/28

Almost a near perfect Z day or consolidation day following Fridays trend move down. The market can have another consolidation day as the 120...
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