***Announcement*** Polaris Daily Trade Strategy Blog is going Premium beginning May 1st, 2014. In an effort to provide PTG Clients the highest quality market analysis and daily trade strategy preparation “prior to pit session opening”, the Daily Trade Strategy (DTS) … Continue reading
Today is Marathon Monday (Boston Marathon) and marks one year from the horrific terrorist bombing (cowards). Please take a moment to remember those that lost their lives in the attack and those souls in the 911 attack….NEVER FORGET! Speaking of … Continue reading
S&P E-mini continued its bullish momentum yesterday with opening gap higher and closing on high of day. Overnight trade continues to hold recent gains with support at 1848 handle. Early morning trade has price at 1853 handle in light trade…Anticipation … Continue reading
S&P E-mini retested the key 1810 handle in prior session and found willing, aggressive buyers, solidifying symmetry support. Having penetrated and converting the key upper zone 1828 – 30, this confirms double bottom support and now sets the stage for … Continue reading
Prices opened firmer in prior session testing the upper edge of range (1828) and eventually got rejected, sending price back down to test symmetry support zone at 1810…Buyers aggressively stepped in to reverse price sending it back higher to close … Continue reading
Following a heavy week of selling, purveyors of Market Symmetry will be keying off the Overnight Low Zone 1803 – 1805 for support. This zone forms a very nice symmetrical AB=CD Pattern measured from 4/4 high down to 4/14 low. … Continue reading
Back on April 2nd, we issued cautionary blog note: “It’s looking more like a classic “Pump n Dump” scenario, rather than a new fresh up-leg. We think it’s time to become more defensive in our trading and not get carried … Continue reading
Yesterday’s blog post opined: “Having held key support, it is incumbent on the bulls to now move the ball (price) higher to confirm their intentions…” Well, the bulls never relinquished control and with the help of positively interpreted Fed Minutes, … Continue reading
The Bulls absorbed additional selling in prior session and held an important support zone between 1830 – 35. This zone now becomes the “key marker” on any future retest. Having held key support, it is incumbent on the bulls to … Continue reading
We’ve all heard the saying: “You’ve gotta have heart”…Do you really know what that means?…and have you ever experienced that emotional state? Of course you have…everyday when we trade, as the obstacles that prevent each of us from moving forward … Continue reading