Strong NFP Report sent both Bonds and Equities sharply lower on Friday as investor/traders expectations have now increased of an imminent interest rate hike beginning June. Whether that actually occurs we’ll all have to wait and see…Until then, investors sell … Continue reading
Yesterday was Cycle Day 2 (CD2) with expectation was for “back n fill” price action outlined in prior DTS 03.05.15. Scenario 2 was in-play as price pulled back and found support at 2093.50, four-ticks above lower projected target of 2092.50. … Continue reading
Yesterday’s price action was textbook Cycle Day 1 outlined in prior DTS Report 03.05.15 as Scenario 2 played out perfectly. Once a secure low was found, buyers stepped back in and aggressively auctioned price higher to end day where it began…within the … Continue reading
Tuesday’s Daily Trade Strategy Briefing 03.03.15 outlined the potential for a “stop-run” if 2100 level was violated. “Violation and conversion of 2100 might create a stop-run, but a move below 2079 will reverse the immediate uptrend.” That’s exactly what happened as aggressive … Continue reading
S&P 500 e-mini continues to be locked within multi-day trading range between 2100 – 2115 as we have been discussing in recent briefings. We continue to classify this action as bullish as long as 2100 continues to hold on light … Continue reading
March begins where February ended…S&P still stuck within multi-day range between 2100 and 2115. There was some month-end price weakness on Friday that will need to be addressed early this week. If price can hold above 2100 and recover above … Continue reading
Consolidation above 2100 enters its fifth-day with continued light volumes. The key levels to be mindful of are the upper and lower range edges…2100.00 – 2116.00. Violation or Penetration with Conversion sets the stage for new directional move. Stay Alert! … Continue reading
Range as measured by 5-day Average True Range now stands at 10.42, which means daily ranges continue to compress…VIX index is now back to 13.84 as complacency has reemerged…Daily volumes have been consistently below 20 day averages…Cumulative Delta’s have reversed … Continue reading
Bulls continue to rule as a steady stream of buying across all sectors continue to auction price higher, albeit on below average volumes. This trend is anticipated to persist until there is a counter-force greater to satisfy current demand. One … Continue reading
Yesterday’s trade was can be characterized are “quiet consolidation”, as price traded within a very narrow range with volumes well below average, forming an “Inside Day”. Overnight trade is also very light with 63K contracts trading as of 7 am … Continue reading