Markets in Transition – Crude Oil
As I began my last post I continue to understand the trading mantra, “I don’t care.” I do care as to whether the shift in trend is towards buying or selling, but I don’t care about the why or what or where. This, for the most part, allows me to concentrate on the momentum. The […]
Continue readingHappy New Year…Are We There Yet?
The first trading day of 2016 produced an awesome volatile day with many “decoupling’s” taking place. The finish of one year and the start of the new year often produce numerous “decouplings” as money begins to shift strategy. China got things going coming into Monday morning with the major equity exchanges shutting down after dropping […]
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: 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: The Bull’s Got Nerves of Steel & —
The Bull’s Got Nerves of Steel & – Yeah Right! Whatever! Good Luck With That! The bull’s got a brass pair! Wednesday’s market action did not satisfy any criteria as a correction at least from my perspective. The bulls continue to throw more and more cash around appearing to be trying to suck in any […]
Continue readingLogical Market Update: Near Term Outlook Gold & Silver
Near Term Outlook Gold & Silver – Downside Potential Stronger Wednesday’s trading was limited with intraday ranges also limited for most issues. After hours tech titans IBM and INTC reported earnings. Initially reaction took the stock prices lower, which included a very brief downdraft in the NDX and SPX futures only to be replaced by […]
Continue readingLogical Market Update: Near Term Outlook for Russell 2000 – Rallies Pick Up AfterHours – Dollar Crumbles
Near Term Outlook for Russell 2000 – Afterhours Madness – Broader Indexes, Bonds, Precious Metals Soar – Dollar Crumbles – The Power of the FED? The broader indexes took off with a vengeance after hours on Wednesday. As I sit down to write this blog the DJIA future is up 113, the S&P 500 future […]
Continue readingLogical Market Update: Precious Metals Hammered Lower – Negative Momentum Getting Extreme
Gold & Silver Hammered Lower- Negative Momentum Getting Extreme Gold and silver dropped to new two-year and nearly three-year lows. The futures markets have again seen the liquidation of “weak-handed” longs and continued technical short selling as the market reacts to the prospect of a stronger U.S. economy triggering the Federal Reserve to begin […]
Continue readingLogical Market Update: Deja Vu of 2008 – Thursday Was Day Traders Dream – Long Bond Holders Bound in Nightmare!
It Felt Like 2008 Again – Thursday Was Amazing – Day Traders Dream – Long Bond Holders Still Trying to Wake Up From the Nightmare! If I thought Wednesday night into Thursday morning was an “Everything Must Go Sale” – Thursday’s U.S. sessions proved to be what I call a “Billy Graham Sell-Off”. All […]
Continue readingLogical Market Update: The Decline is in Full Force – Precious Metals Slide Lower – $/Euro Crushed – Bonds Are For Sale!
The Decline is Again in Full Force – Precious Metals Slide Lower – Dollar/Euro is Crushed – Bonds Are For Sale and Nobody Wants Them Fed Chairman Bernanke came he saw, he spoke, and the markets began to slide. When Asia and then Europe took over the selling spread more heavily to the Euro, […]
Continue readingLogical Market Update: ECB Cuts Rates – Euro Sinks – U.S. Futures Perk Up – Stay ALERT!
Intraday Update – ECB cuts rates – the Euro is sliding on Draghi’s post cut comments – The initial reaction from the US futures was higher – those levels were rejected and have been more than halved. Stay alert and nimble — DAY TRADING should be a wild and crazy ride! The Dollar/Euro is first […]
Continue readingLogical Market Update: RUT Drops 2.5%, DJIA S&P 500 1%, Treasuries Embrace Zero %, U.S. $ Tumbles
Russell 2000 Looses 2.5% DJIA and S&P 500 Drop 1%. Treasuries Embrace Zero % – U.S. Dollar Tumble It was not surprising the S&P 500 headed lower on Wednesday dropping just under 1% after pushing to new highs on Tuesday. The overall light volumes did though. The lack of buyers did not precipitate a stampede […]
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