Today’s DTS will be an abbreviated version as I am traveling Thursday and will be absent from Trading Room. Bullish Structure remains solidly intact as price probed down to anticipated support 2026 – 2028 zone…See Wednesday’s DTS: Trade Strategy 11.12.14 … Continue reading
Slow Trade Session with compressed range, below average volumes and Bond Market closure marked the Veterans’ Day Holiday. Having reached initial Cycle Targets at 2038.50, price could not find new aggressive buyers beyond that level, so we will mark prior … Continue reading
S&P e-mini continued to grind higher in relatively slow trade on Monday adding to recent gains. Overnight trade has price reaching TargetMaster/StatX Zone price target of 2038.75. IF current price momentum continues into pit session, further upside targets Cycle Projection … Continue reading
S&P e-mini held firm Friday following NFP release as investors/traders appeared comfortable with the level of job creation, displaying that the Economy is making progress. Today is Cycle Day 2 (CD2)…There is still room to continue rally…Odds of Rally > … Continue reading
S&P e-mini continued its upward momentum trajectory achieving Cycle Expansion Price Target of 2028.25, as laid out in Thursday’s DTS: Trade Strategy 11.06.14 Friday is the “all-important” Non-Farm Payroll Report…Bulls are firmly in control, so any disappointment in the NFP will … Continue reading
Bulls are in firm control as price continued to rally yesterday (CD2) to reach initial Cycle Price Target 2017.50. Trade Strategy 11.05.14 Overnight trade is light with volume approximately 112k and narrow 6 handle range. Today is Cycle Day 3 … Continue reading
Yesterday was textbook Cycle Day 1 (CD1), as price probed lower the distance of an average range observed on CD1 (18.75) to find a “secure low” at 1995 handle. Once traders were confident that this low was secure, the rally … Continue reading
As anticipated, yesterday’s trade action formed a Neutral Day consolidation pattern, absorbing recent gains from last week. Trade Strategy 11.03.14 Today is Election Day across the United States, so investors/traders may continue to be content with current prices and not … Continue reading
Markets are beginning November on a high note, following BOJ announcement to expand their version of Quantitative Easing just as the FED concludes theirs… Today is Cycle Day 3 (CD3)…Having already blasted through all cycle targets last week, anticipation will … Continue reading
HAPPY HALLOWEEN! Thanks to Bank of Japan for offering the Markets a Big Halloween Treat with their version of Quantitative Easing. S&P has rocketed higher in overnight trade back to all-time high at 2014. Central Banks will continue to flood … Continue reading