Macro Market · Market Commentary · Newsletter

Daily Commentary – Crude Carnage

A rather quiet trading session on Happy Halloween with yet another signature choppy day for the US equity market. Considering the FBI probe bombshell headline last Friday, some would have expected a volatile session but major indices closed virtually flat. SPX closed red 5 days in a row, though remains hovering just above the line… Continue reading Daily Commentary – Crude Carnage

Daytrading Technical Analysis · Trading Game Plan

2016/10/31 – Intraday Charts & Game-Plan

Futures   Dow 30 Support: 18038, 18000 Resistance: 18160, 18230 Game Plan: Tight range between horizontal support and down trendline. Continue watching the down trendline like a hawk. A breakout would trigger further squeeze and drag other indices up. S&P 500 Support: 2120, 2114 Resistance: 2132, 2142 Game Plan:  Neckline 2120 must hold on a… Continue reading 2016/10/31 – Intraday Charts & Game-Plan

Daily Watchlist · On Our Radar · Trading Game Plan

Russell 2000 – Trading Game Plan (2016/10/31)

In light of the technical pattern in Russell 2000 (IWM) as highlighted in our weekly commentary which presents great trading opportunities, we will follow the index more closely and dedicate a  trading game plan, and look to capitalize on a daily basis, both long and short, as the technical picture continues to unfold. Recall we… Continue reading Russell 2000 – Trading Game Plan (2016/10/31)

Macro Market · Market Commentary · Newsletter

Weekly Commentary – Pre-Halloween Scare

Heading into the weekend before Halloween, markets got a scary surprise from none other than the scandal-filled US election drama. In a surprise announcement, the FBI decided to reopen the email probe on Clinton, leading to a 20pt smackdown in S&P futures intraday before recovering partially to close flat on the day. To wit: “Those… Continue reading Weekly Commentary – Pre-Halloween Scare