Are We There Yet? – Update for the NQ March 7,2021
So far in the month of March, the volatility in the YM, ES, NQ, and RTY as measured by the VIX remains around the 25 level. After the markets hit additional record highs in February leaving the return of most average diversified U.S. stock funds for February at 4.9% which in turn pushed the year-to-date […]
Continue readingAnalytical Tools | Day Trading Tools | Elliott Wave
Day Trading Tools I Use in Technical Analysis Elliott Wave Principle In 1939, twelve articles by R.N. Elliott titled “The Wave Principle” were published by The Financial World. From the original publisher’s note: “During the past seven or eight years, publishing of financial magazines and organizations in the investment advisory field have been virtually flooded […]
Continue readingWhat or Who was Behind the Buying in Crude, $CL
With the myriad of players moving in and out of the Crude Oil markets and its affiliate or component products Heating Oil and Unleaded Gasoline, it becomes a definitive benefit to reference a “larger picture” view. This helps determine the trend and prevents countertrend trading when the markets move into a transition from one level […]
Continue readingIs there a Wow Factor?
The answer to the title question is an unequivocal “Yes.” It could be the widening of your eyes in amazement as the $ES trades in a 20 to 30 point range both to the downside and upside in 30 to 75-minute increments for a good five hours straight. Using the right tools, (signal generator and […]
Continue readingLogical Market Update: Uranium Back on the Radar
Uranium Now Back on the Radar & Law of Supply & Demand I spent the better part of the weekend reviewing the uranium sector. This sector continues to probe the bottom, while the nuclear energy argument has begun to shift with more anti-nuke environmentalists transforming into believers of the benefits of nuclear power. Nuclear […]
Continue readingLogical Market Update: Nat Gas Surges Higher Off of Intraday Lows
Natural Gas Surges higher Off of Intraday Lows On the Third Day of the Correction the markets gave to me… Three parabolic earnings trades, two panic buyers and a bear pushed up a pear tree. Interesting and yet transparent the markets moved back into cross hedging mode – what I mean by this is that […]
Continue readingLogical Market Update: Day Two – Bulls Attempt to Stage a Comeback
Day Two and the Bulls Attempt to Stage a Comeback – Gold Stocks Back on the Radar – Time to Begin Buying? The markets followed through on Tuesday’s selling finishing what I’m considering the initial (first) leg down. Interestingly though, when the bulls moved in to stage their comeback, the volatility indexes were first on […]
Continue readingLogical Market Update: First Down Day – The Beginning or Buying Opportunity?
First Down Day For Equities – Just the Beginning or Buying Opportunity? After Monday’s big disappointment courtesy of a very tight inside day, Tuesday’s trading action brought some welcomed relief. The optimal word is some. Refreshing is a word I heard used – It was like a fresh cool drink in the desert another contrarian […]
Continue readingLogical Market Update: Never Short a Dull Market – or….
Never Short a Dull Market or What Happens When You Host a Party and Nobody Comes – the Volatility Indexes Have you ever gone to highly anticipated event and wished you were anywhere else? That is what the markets were like on Monday. Stuck in neutral with nobody left to push prices in either direction. […]
Continue readingLogical Market Update: Morgan Stanley’s Selling What? NYSE Margin Debt & S&P 500 All Time Highs
Second Verse Same As the First: Morgan Stanley Pushing Non-Prime Fund to European Investors – NYSE Margin Debt and S&P 500 All Time Highs To say that people learn from their mistakes is a fabrication. Seems that several of the TBTF banks have decided to repackage their sub-prime mortgages and ship them off to Europe […]
Continue readingLogical Signals Update: 10-Year Note & 30- Year Bond Update
10-Year Note & 30-Year Bond Update, U.S. Dollar Caught between Rock and Hard Place Treasuries were looking to hang the early rally attempts on Tuesday, albeit small attempts, on a positive result from the Consumer Confidence Index, which was released. The index fell in July from a five year high and the drop of 2.2 […]
Continue readingLogical Market Update: Equity Index Market Update
Equity Index Market Update The last three trading sessions have appeared to be mirror images of the same trading strategy. Amazingly, there are players out there (large players) that still believe manipulation goes unnoticed and their tactics on how they manipulate is legal. The fact is it isn’t but there is little being done about […]
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