Macro Market · Market Commentary · Trading Game Plan

Market Commentary – 4 Reasons to Long REITs in 2017

Summary Real Estate Investment Trusts (IYR) have underperformed S&P 500 (SPY) by about 7% on the back of higher interest rates during second half of 2016. Negative correlation between 10-year Treasury yields and IYR’s performance likely to diminish as real interest rates normalize higher. Strong dividend growth, higher inflation outlook, increased investor demand and positive… Continue reading Market Commentary – 4 Reasons to Long REITs in 2017

Daily Watchlist · Market Commentary · Newsletter · Trading Game Plan

Daily Commentary – The Big 3

Quick update today as markets likely chop sideways heading into FOMC meeting on Wednesday. Dow remains on a mission to 20000 while SPX and Nasdaq were in the red. The 3 asset classes we ought to watch for potential major reversal with similar bottom patterns are 1) Gold (GLD) Marginally lower lows with improving technicals… Continue reading Daily Commentary – The Big 3

Daytrading Technical Analysis · Trading Game Plan

2016/11/15 – Intraday Charts & Parameters

Futures   Dow 30 Support: 18610, 18535 Resistance: 18900 Game Plan:  Another new high in Dow but finally pulled back at top of ascending channel with momentum fading. Good risk reward short here with target towards bottom of channel near 18600 area S&P 500 Support:  2150 Resistance: 2180, 2194 Game Plan:  Still chopping between 2150… Continue reading 2016/11/15 – Intraday Charts & Parameters

Daytrading Technical Analysis · Trading Game Plan

2016/11/14 – Intraday Charts & Game Plan

Futures   Dow 30 Support: 18815, 18550 Resistance: 19200 Game Plan:  The moon shot continues after breaching the final line of resistance before 19000. 19200 is now the next projection on the upside. S&P 500 Support:  2150 Resistance: 2180, 2194 Game Plan:  Still chopping between 2150 and 2180. Stay neutral and focus on Dow.  … Continue reading 2016/11/14 – Intraday Charts & Game Plan

Daytrading Technical Analysis · Trading Game Plan

2016/11/10 – Intraday Charts & Game Plan

Futures   Dow 30 Support: 18601, 18569 Resistance: 18772 Game Plan:  The amazing panic buy resumes overnight with Dow punching through ATH. Not much resistance until top of channel line connecting the highs S&P 500 Support: 2167, 2150 Resistance: 2180, 2190 Game Plan:  ES futures on mission to test ATH near 2190, for now that… Continue reading 2016/11/10 – Intraday Charts & Game Plan

Daytrading Technical Analysis · On Our Radar · Trading Game Plan

FX Trading Game Plan – Pound

Quick update on GBP pairs, as the Pound may be on the move for next leg higher. We continue to like GBP/USD and GBP/AUD, while GBP/CHF and GBP/JPY are still pending a breakout. We took profit on a ST long EUR/GBP trade where we opened at the bottom of ascending channel, but we don’t want to be… Continue reading FX Trading Game Plan – Pound