Trader’s Price and Time Symmetry This Week
All the major indexes except the NDX 100 are trading below both their 200- and 233-day emas, as are all the primary sectors except for energy, gold and commodity-related stocks.
New Key Price/Time Zone In Play
It is a very weak technical market for sure, and the highest probability is for the SPX to make lower lows following any kind of year-end rally.
Manipulated GDP and Jobs Numbers Don’t Cut It
The inflationary aspect of the declining $US Dollar keeps our trade focus on energy, commodity and multi-national stocks, in addition to the major indexes and ETFs.
1st Hour Trading Strategies Are Key For Daytraders
The Fed’s capitulation to cutting rates indicates that the slowing economy, liquidity, credit and housing problems outweigh the inflationary consequences of the dollar.
The Best Daytrading Strategy For This Market
The market is a “Casino” now more than ever, and institutions are very aggressive in trading/pushing their major holdings higher.
Daytraders Have Significant Volatility Edge
The semis have imploded to join the financials on the downside, and there are double-digit declines for many big cap stocks reporting earnings with lower guidance for 2008.
SPX Key Intraday Levels for Traders Today
As I said in my previous commentary, the PPT met via phone on Friday, and were ready to play the futures game if Monday looked like it would tank.
Trade the Price/Time Zones, Not the Emotion
The energy decline accelerated the downside, dragging the rest of the sector down as the Generals and hedge funds ran to the exits at the same time to take profits.
The Primary Daytrading Focus In This Market
Our daytrading focus has been and remains the multinationals, energy, commodity and select technology stocks, in addition to the indexes and major ETFs.
Option Expiration and Time Symmetry Will Lead to Volatility This Week
I can remember the initial Fed statement in February this year, about how sub-prime was just an insignificant problem relative to the entire economy, and didn’t expect it to spread.
Ignore the Empty Suits on CNBC
Henry Paulson (Treasury Secretary) refuses to release any minutes of the PPT meetings, despite increasing attempts to get them through the Freedom of Information Act.
Strategies and Focus List Stocks
The commodity sector has been a primary trading focus in this current bull cycle; it has been especially significant for daytraders because of both trend and intraday volatility.