Trader Focus This Week
There was enough fear generated last week that there will be many “players” waiting to lighten up on any significant bounce into the key mid-March time zone.
Discount Openings Are a Trader’s Windfall
With the lack of stabilization in the electronic opening process, we will continue to see unusual discount and premium openings.
The Meltdown Symmetry
There is an obvious fear factor that builds after a decline like yesterday in a very extended bull cycle.
5-Day Positive Seasonal Bias
This week has a seasonal up-bias with the last 3 days of the month and the first 2 days of March.
Traders’ Sector Selection
The commodity sector stocks made another positive reversal the last 2 days, and there were multiple opportunities, especially in the energy stocks.
The 1st Hour Trading Edge
The major indexes made new highs again yesterday and NYSE volume continued to decline to 1.32 billion shares.
Market Rises as Reality Weakens
The Fed has flooded the market with liquidity, and this has fooled nobody except the US media…
Trading Contracted and Expanded Volatility
The SPX daily range Friday was 19 points, and the week’s range was 19.6 points.
Strategy for the Low SPX Volatility
The energy sector continues to be a daytrader’s gold mine of trading opportunities, especially with the major index contracted volatility.
You Can Learn This Powerful Strategy
Although it was only a 6.8 point daily range day, low to high, the very high probability RST strategy caught a travel range of 11.64 points…
No Trading Edge After the Mark-Up
The QQQQ is the weakest of the major indexes, and has some obvious weekly negative momentum divergences, as do the $INDU and SPX.
First Hour Strategies Dominate Day Trading
Traders should back off the long side and look to take advantage of extended overbought levels…