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Hi all and good morning.
Futures are pointing to a lower open and hitting a good support level for the second time in as many days. This has a different feel to me than before so watch even more carefully how you manage your existing trades and enter new ones.
As always, pay attention to those broad market internals.
Matador : )
Good morning all (at least from the East Coast of the US : )
Hope you are having a good day so far and that your trading day goes well.
Little bit of support here this morning in the futures as we get a boost from Germany and other markets.
Watch closely today for how or if we fill yesterday's gap. If we head lower, I'm going to make sure to get some confirmation before loading for bear : )
Talk to you around noon to reassess.
Matador : )
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http://guybower.com/. This introductory video looks at the concept of seasonal trading and seasonal futures spreads. We look at a few trading examples and profit potential from this trading method.
Good Day all,
Nice little pop in the futures this morning but after the economic numbers we saw a complete retrace. We are still basing sideways in the broad markets and news is getting digested well to my eye. Keep a close watch on things however as we chew through this next level of resistance.
Sure is nice working with you all. Thanks for all the patience while I'm "away" on vacation for a bit here.
Matador : )
Why We Use Tick Charts:
Tick charts draw a new bar after a set number of trades have been triggered vs. a time based chart like the 5 minute that draw a new bar after a set period of time.
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Hello all,
Reporting to you from Myrtle Beach on holiday for the week : )
Futures pointing to a slightly lower open as people prepare for more earnings reports. Once again, broken record here but watch out for how we have run up over the last few weeks.
Talk to you soon,
Matador : )
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