The Professionals Talk Pivot Points
Incorporating pivot point analysis into your trading is just another tool; it is not the holy grail and is not meant to be used as a buy or sell signal.
A Simple Way to Trade E-mini Reversals
After trading equities and options for nine years and futures for seven, Teresa Appleton has adopted these few simple steps to trading E-mini reversals.
Looking for a Pullback This Week
The SPX closed with divergence and the VIX at just over 10. Very low level showing a lot of complacency and each time we’ve seen these low levels the market pulls back.
Unemployment Numbers Will Set Today’s Tone
Thursday gave the bulls another green day, but unlike yesterdays green day it was on lighter volume.
Economic Data to Guide Today’s Trading
Thursday has plenty of data to bring in the volatility. The Fed’s reaction left the market very bullish and overbought.
Prepare for a Volatile Afternoon
FOMC announcement is due out at 2:15 est Wednesday. No one expects any rate increase or decrease off this two day meeting. However, inflation continues to be key for the Fed and the action taken.
Expect Rangebound Trading Today
Tuesday we can expect more of Monday’s action. A test of the support to hold and keep us in range until after the FOMC on Wednesday announcement comes out.
Expect Low Volatility Before Wednesday’s Fed Announcement
I am expecting very little from Monday and Tuesday so prepare for holding pattern action until after we hear from the Fed on Wednesday.
Looking for a Low Volatility Day
closing Friday out quietly will not surprise me and to see very choppy light volume will also not be a real surprise.
Positive Earnings Continue to Roll Out
Economic data picks up and earnings still continue to roll out. A nice gap up could look to exhaust the market and give us a pullback.
Tech Earnings in Focus
Will earnings from Texas Instruments be able to plug the current leak in Tech?
Keep Your Eye on Tech Earnings
AMD,Yahoo earnings reports will guide market direction today.