Focus List Stocks To Watch
It was a non-trading day as there was essentially no market action. NYSE volume at 1.08 billion was the lowest of the year, while the SPX, which closed at 1065.22, +0.1%, had a daily range of just 5.5
1st Hour Strategies And Core Framework Result In Pre-9:30 AM Profits
The jobs dance was an excellent opportunity for daytraders, not to mention the bonanza for those of you who are involved in the synthetic straddles with this corner. In spite of the fact that unemployment
This First Hour Strategy Enabled You To Catch Yesterday’s Decline
It was a bonus day for traders as the major indices had a trend-down air pocket following thee basic First Hour strategy Flip Top pattern. Price accelerated through all of the longer-term averages
95% Of You Will Lose Money By Scalping If You Fall Into This Trap
The reaction to better numbers, like the June Factory +0.5% and ISM increase, go mute, as they have been to the “less than” type of reports. When the Generals are not very active, program activity will
Hard Not To Make Money With Yesterday’s Defined Shorts
The market action fit our preference for intraday short setups in the major indices yesterday following what I said was “artificial program buying of blue chips” on Monday, which held up the SPX [$SPX.X|$SPX.X]
Did You Catch The Expanding Volatility Reversal?
Yesterday’s market action ended with positive price, but it traded like the word had gone out to hold it up. After the gap down opening, price went sideways until the afternoon trend up until 1:00 p.m
Emotion = Expanded Volatility = Reversals
The SPX and Dow made it four up days in succession into month’s end from the price zone and short-term oversold condition. The SPX held the 200-day EMA of 1094.57
Trading The Primary Components Of The SPDR
The SPX made its third higher close at 1100.43, or +0.5%. The intraday high was 1103.71 vs. the 20-day EMA at 1104.85 and the 50-day EMA at 1113.36. NYSE volume was okay a
These Strategies Caught Both Trends
The market action was famine, then feast yesterday, but was very trader-friendly. There was certainly enough going on with end of the month, oil prices and the very negative Iraq bombings. This was mixed
Price Zone + Strategy = Profit
The SPY closed at 108.75 on Monday, right at its 12-month EMA of 108.78. The short-term condition is oversold with the 4 MA of the volume ratio 27 and 4 MA of the advances minus declines -1
Stop Following The Herd
The market action ranged out from 11:00 a.m. – 4:00 p.m. ET, with the SPX trading from 1085 – 1079, the QQQ 34.07 – 33.78, and the SMH 31.60 – 31.20. These ranges
Same First Hour Strategies At Any Level
The market action turned south after the 10:15 a.m. -10:20 a.m. ET bar highs for the SPY and DIA. The QQQs hit their highs on the opening bar, and as you know, all three were marked