Why volatility should rise this week
The tight consolidation and overbought conditions we left last week put us in a nice place to move this week…
Here is what I am expecting
Wednesday brought us good spirits and a nice move higher.
Look for choppy trading to continue
Going into Wednesday we do have some economic data, but I am still expecting limited movement.
Early trading will set today’s tone
Tech participation will be key to keep this rally pushing forward.
The market is still overbought
But the 60-minute chart left some signs of further upside…
The markets need a rest
The bulls are here but rising on light volume is not going to keep this momentum going.
Sitting on thin ice
If heat comes in how quickly will we see this ice start to melt?
Overbought conditions pointing to a pullback
Tuesday closed the Dow at all time highs, S&P 500 and Nasdaq at six year highs on higher volume.
PPI report to set today’s tone
Monday kicked off the week to put the NASDAQ at new highs for 2006…
What a Professional Floor Trader Taught Me About Trading Pivots
Seven years ago when I started trading futures, CME ex-floor traders introduced this formula to me…
2 key reports to watch this week
Both PPI and CPI will give the market reason to move and something to watch…
Here is what I expect today
Thursday started strong and sold off. Our sell into strength worked well today.