S&P 500 Index is within striking distance of making new highs following solid performance on the heals of FED announcement. Options expiration and index re-balancing was the main action on Friday as price held strong bid throughout the session. Initial … Continue reading
As outlined in Scenario 2 of yesterday’s Daily Trade Strategy 03.19.15 S&P e-mini found support at projected low-of-day (2078.00) and consolidated the Fed Day sharp run-up. In overnight trade, prior day’s low has held firm and is currently up by … Continue reading
Janet Yellen Delivers! As expected the word “patient” was removed from policy language, which the market was anticipating an increase in interest rates as early as April – June. The central bank said it would raise rates when it is … Continue reading
All focus today will be on FOMC Policy Decision and Janet Yellen’s press conference beginning at 2:30 pm ET. Also, with the high potential of interest rates rising in the near future, the US Dollar has risen sharply against major … Continue reading
Monday’s Trade Session achieved our projected HOD target of 2073 (actual high 2074) laid out in yesterday’s DTS Report 03.16.15 Scenario 1:“IF Price can maintain bid above the PDL (2032.50), THEN odds (54%) favor of making a high up to 2161.75. … Continue reading
The “Main Event” this week will be FOMC Meeting Announcement and Forecast regarding Interest Rate Policy. The key word markets will be focusing on will be “patient” within the forecast language. Employment Reports trend continues to show broad growth and … Continue reading
Price rallied sharply (+28.25 handles) from deep oversold conditions in Thursday’s trade session to close near high of day. We knew there were good odds to rally if the prior day low was not violated, which it wasn’t. Yesterday was … Continue reading
Sellers remained dominant throughout Wednesday’s trade session as several attempts to push price higher was rejected with responsive “sell programs”. The Open Range Marker at 2039.25 was a formidable resistance level all-day. Market on Close sell imbalance of $850M acted … Continue reading
S&P broke temporary support at 2066 level and as outlined in Tuesday’s Daily Trade Strategy 03.10.15 long liquidation unfolded, driving prices down to symmetrical swing support at 2044 handle. Overnight night trade is quiet with no further price weakness…Odds are … Continue reading
Mutual Fund Monday held equities from further deterioration in prior trade session as price rallied the distance of an Average Daily Range (16.50 handles). Key Resistance is located between 2084.25 – 2085.75. The larger picture continues to paint continued distribution … Continue reading