Yesterday’s cash session opened with a “gap n go” never looking back with barely a pullback to allow for favorable entry point. These type openings can be most frustrating to disciplined “pullback” traders, since aggressive short covers are simply paying … Continue reading
Prices are extending prior session “relief rally” gains in overnight trade having reached TargetMaster Breakout Level 1 at 2037.25, which is approximately 50% retracement of this past week’s sell-off. Additional price strength in pit session targets 2045.75 Breakout Level. Today … Continue reading
WOW! What a trade session on Tuesday…Can someone spell “long liquidation”? With the continued weakness in the oil patch, commodity funds have been forced into margin selling, which has simply spilled over into equities…Yesterday’s Daily Trade Strategy 01.06.15 nailed both … Continue reading
Weakness in Eurozone early yesterday did indeed spill over to US Markets as prices sold down throughout the session to settle slightly off day low (2009.50). In yesterday’s DTS Report, we highlighted in Scenario 2 that violation of 2036-38 zone … Continue reading
We would like to wish everyone a Very Happy, Healthy and Prosperous New Year! May you have good fortune in all you do. Markets have begun the new year on a weak note: European stocks are in the red, as … Continue reading
By way of recent review of previous DTS reports, we stated : “Friday’s High (2088.75) will be marker as “key” resistance until it is cleared and converted. IF successfully converted, THEN upside projects 2100 handle. Initial support is marked at … Continue reading
As we enter the final days of 2014, there may be some year end “gaming”, so we want to remain vigilant and stay disciplined to our methods. The last few trading days is not the time to play “catch-up” on … Continue reading
During the Christmas Holiday Week, we had projected the high price target 2088.00…This level did get achieved…Trade Strategy 12.23.14. As we enter the final days of 2014, there may be some year end “gaming”, so we want to remain vigilant … Continue reading
There is little to add to today’s DTS Report…Price held bid at or above the 2068 level support marker in prior day trade session. We will continue to view this level as “key support” to hold…Volumes were light as we … Continue reading
As Mrs Claus (Fed Chair Yellen) gave the Markets an early Christmas Present last week, prices continue to hold firm at all-time highs. Barring any external “event”, our expectation is for continued firmness throughout the holiday season capping the year … Continue reading