Monday Commentary and Trading Levels
Monday, March 8th, 2010 Posted in Uncategorized | No Comments »Good Morning Traders Last week Monday, equity index futures opened at or above their respective R1's. It held those levels and had a modest rally to set the tone for the week ahead of last Friday's Unemployment report. Monday's trading action was ...
Monday, March 1st, 2010 Posted in Uncategorized | No Comments »
Good Morning Traders Welcome back to a new week and a new month. We ended the week on a positive note relative to my numbers. TF H10 and ES H10 closed at or above their respective R1 - TF H10 ...
Friday, February 26th, 2010 Posted in Uncategorized | No Comments »
Good morning It looks like a quiet open following yesterday's whipsaw in equities. Out this morning, Durable Good orders were up 3.0% vs 1.5% expectations. Ex-transport it was down 0.6% while expectations were for a gain of 1.0%. This isn't ...
Thursday, February 25th, 2010 Posted in Uncategorized | No Comments »
Good Morning Traders Looks like we didn't get the follow through from Tuesday's Tank yesterday. Instead, equities rallied after paring an early loss. They traded more like the Thursday scenario I noted yesterday than Wednesday's. Yesterday I also wrote: They're striking and rioting ...
Wednesday, February 24th, 2010 Posted in Uncategorized | No Comments »
Good Morning Traders It looks like another beautiful cold and sun-less day in Chicago. Fresh snow on the ground and more on its way ... Joy! Out this morning ... MBA Purchase Apps fell 7.3% while refi's fell 8.9%, another weekly decline. Due ...
Morning Brief and Today’s Trading Levels
Tuesday, February 23rd, 2010 Posted in Uncategorized | No Comments »Good morning Traders The only thing I was off about yesterday's trading was the volatility. What a sleeper! The action happened within the first half hour then blah. Aside from Consumer Confidence numbers due out at 10:00 EST, retail news and retail ...
Monday Morning Brief and Weekly Trading Levels
Monday, February 22nd, 2010 Posted in Uncategorized | No Comments »Good Morning Traders It's good to be back. For those who didn't know, I took my first vacation in a couple years. Seeing the sun again was great! Equities Last I wrote, ES H10 was trading near 1065 and I suggested going long ...
Morning Brief and Tuesday’s Trading Levels
Tuesday, February 9th, 2010 Posted in Uncategorized | No Comments »Good Morning Traders Much of the country is waking up to snow and wintry conditions. In some case, as in the Washington DC area, the weather is slowing if not halting commuters. This could limit normal trading volume, although current activity ...
Sunday, February 7th, 2010 Posted in Uncategorized | No Comments »
Welcome Back Traders Another week and another opportunity to make a living! As I write this, the Colts and Saints and most of America is preparing for Super Bowl 44. The rest of the world is wondering about how messed up the ...
Morning Brief and Trading Levels
Friday, February 5th, 2010 Posted in Uncategorized | No Comments »Good morning Traders What a crazy couple of days huh?! As I write this, DX H10 is staging a monster intraday move. It's trading at $80.68, +0.605, near session highs. Equities and commodities are dropping to session lows. I recommended buying DX H10 ...