Markets continue to trade below average volume and range in a quiet type back n fill consolidation pattern. Buyers are beginning to find ample supply (sellers) above the 1950 handle as price was not able to make further upside advances. … Continue reading
Markets turned in yet another positive weekly performance to close at new highs…With all metrics solidly positive, the bears are finding it more difficult, painfully so, to continue shorting…but as bears…short they must. Perhaps Mr. Market has unlocked the secret … Continue reading
Yesterday’s DTS played out nicely, albeit at a snails pace, as price failed to expand above the Open Range Rotation (ORR) Average setting up our Open Range Strategy (short-play), which pushed price down to expected support level 1944 (LOD). Once … Continue reading
Fed Chairwoman Janet Yellen Q&A session yesterday proved to be that catalyst that sparked a strong short-covering rally. There were no “gaffes” that marked here first press conference in March. Her single most important statement was in response to question … Continue reading
Greetings Traders, Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. today along with new economic projections. Federal Reserve Chair Janet Yellen plans to give a press conference at 2:30 p.m. Sticking … Continue reading
The FOMC begins its two-day meeting today to discuss current economic conditions and Interest Rate Policy. Expectation is for staying the course with scheduled tapering winding down QE Program. What will be of interest will be language relating to recent … Continue reading
Friday’s action was more in-line to what we were expecting for contract rollover…relatively quiet range-bound price action. The June 9th Cycle High is now solidly in place from which to establish short-side trade on any future failed re-test. Currently price … Continue reading
****Please Note: We will be trading September (U) Contract beginning today rather than Monday since there is now greater volume in front month. Please adjust your charts accordingly. Well…I must admit…I was not expecting a Trend Down Day yesterday…My expectation … Continue reading
Today begins quarterly futures contract rollover: Front-Month becomes September (U)…Volume traded will now be skewed as contacts being rolled will be split between June (M) and September (U) months. ***Note: We will continue to trade June (M) contract for remainder … Continue reading
Here are some excerpts from yesterday’s DTS: “We’ll mark the 1955 level as an “excess high” as buyers appear to be satisfied at current levels. Failure to settle price above the session’s median level (1950) gives us a solid “resistance … Continue reading