These are some key time ratios for next week
I would imagine the Plunge Protection Team is ready to step in and stabilize should there be a downside air pocket…
Stong negative divergence in economic sectors
When you see how the most economic sensitive sectors and groups are trading, you can see why Greenspan might be nervous…
A high-probability strategy regardless of market direction
The business of intraday trading should be very active from here through year end and only short-term positions will be taken
Last 10 days of 3rd QTR will give daytraders excellent opportunities
The Generals will make every effort to mark prices up into quarter’s end.
Trade only extended reactions on this expiration Friday
The major index market action was not what you’d call “trader friendly,” as the SPX daily range was just 7 points.
Programs control market action into Friday
Expiration programs can make you feel “trading inadequate,” so don’t get cerebral today and Friday.
These high-probability strategies repeat on a daily basis
Traders had both long and short trades in the major indices yesterday because of the down/up/down travel range.
This strategy prepares you for a surprise in either direction
By approaching it this way, the market makes a decision, and I can go fishing…
The Generals’ weightings always tell a story…
The Dow is in an uptrend since April 2005, but remains below its downward channel line from the 109.83 high that will be resolved soon one way or the other
Here are excellent trades in 3 individual semis
In spite of yesterday’s major index market action, there were some excellent semiconductor long daytrading opportunities
Where price action creates opportunity these next 2 months…
Kevin Haggerty gives you the trading plan for Thursday.
You’ll find something in play today, regardless of what the major indices do
…I see from the e-mails that some of you caught trades yesterday like the HD 14-day breakout