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The summertime slowdown is in full force with narrowing ranges and volatility. Perhaps it’s a good time to plan your “beach party” and go have some fun in the sun. If you are a diehard trader that just must stay … Continue reading
Summertime equals Low Volatility…The Average Daily Range (ADR) continues to contract from the historical average of 17.50 handles. The most recent ten (10) sessions have been well below this historical norm…The Volatility Index (VIX) is also currently near the lows … Continue reading
Today marks end of quarter (and 1/2 year). so many money managers will be tweaking their portfolios to what is known as “window dressing”. Overall end of quarter portfolio tweaking doesn’t contribute much to investor returns, but can be meaningful … Continue reading
Though the Markets have enjoyed a “relief rally” of approximately 50 handles from our “Prime Turn Alert” on 6/24 https://twitter.com/TradePilotPro/status/349230432002396160/photo/1 further advances should encounter increasing headwinds. Price is half-way back from its fall and there is a gap to fill … Continue reading
Quick review of yesterday’s trade strategy had traders looking for longs on pullback to 1567 – 69 zone…Actual support pivot was established at 1570…Pivot longs were initiated at 1573…The potential for relief rally was strong as price action pushed higher … Continue reading
Further downside trade in prior session marked a critical 7.5% pullback…At this juncture price action can be classified as normal ABC type correction…The real question: Is it complete? Overnight trade pulled back to the pivot breakout level at 1559…So this … Continue reading
The June (Joon) Swoon continues globally as China shares get battered overnight down 5.3% on fears of cash crunch in the banking sector, as well as ending of Fed’s QE policy. US futures pre-market are down slightly below Friday’s low … Continue reading
Trend down yesterday hit deep price target of 1577 handle…we had issued a “prime turn alert” near 1580 which suggests “end of trend” soon to be followed by reversal. Overnight trade has produced a 10-handle bounce from settlement. Today marks … Continue reading
The Fed clarified it’s position on tapering of “QE Infinity” yesterday…Seems like infinity is not so, well let’s say: “infinite”. Markets reacted just like a ‘crack-baby’ withdrawing from it’s “fix”. Investors don’t seem to actually care whether the Economy is … Continue reading
Today is Fed Day…All eyes and ears will be on language regarding the tapering of “QE Forever”. How the markets respond is uncertain which for day traders should provide plenty of opportunity. Intra-day ranges have been wide, so per yesterday’s … Continue reading