Black Monday, October 19, 1987
Getting Back in the Habit I believe the best way to induct myself back into the creative habit of writing my market thoughts in a somewhat narrative format is to actually put down what I experienced during the day and how I dealt with it – trading wise. While I have experience trading many different […]
Continue readingS&P 500 ($ES) October 21, 2015
The ES started the session with some quick chop as traders paired off to decide direction. The first 30 minutes easily gave way to stronger trends for the balance of the session. Learning to trade without emotions seems to be the best methodology when stepping into the world of algorithmic trading. You can’t care as […]
Continue readingCrude Oil – Trading CL – October 20, 2015
Crude Oil continues to be a profitable day trading the front month. Currently, that is the December 2015 contract. Tuesday’s trade delivered winners trending both higher and lower. Shorts proved to produce the larger moves. There were also 3 periods of “whiplash” and counter trend trading. I would describe “whiplash” trading as a small period […]
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: From That to This & This…
From that to this & this… For most of this week the best trading has taken place within the first couple of hours of U.S. trading. But it appears that once lunchtime rolls through the East and Central time zones volume does a vanishing act. Which often leaves computers with nothing to do but switch […]
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 Market Update: Market Update FED Comment – Much Ado About Nothing
Market Update: FED Comment – Much Ado About Nothing – Produces Numerous Trading Opportunities – MasterCard and Visa Swiped by Fed Judge Wednesday was a traders dream type of day. There were plentiful opportunities across the board in equities, treasuries, precious metals, and commodities. Volumes increased which increased price volatility and velocity. Today’s action […]
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 reading