Expect more participation and an much easier environment for intraday trading beginning this week. So far this year we’ve gone nowhere. Now that we are out of the summer slowdown we are anticipating a trending market. If we break the neckline of the inverted head and shoulders then we would result to new highs, if we sell off at the neckline we will look for new lows on the year. One thing to take note of is the VIX trading…
The time has finally come for the big guns to resume trading after the summer holiday. Now is the time of year when the big hedge funds and top traders begin ramping up their position size. What does this mean for you and me or any other traders pushing around less than 100 lots on the ES, more participation, a more technical market, and more follow through. Futures Trader: Tomorrow is rollover meaning the volume for the contract month will shift…
For what was a very big move up today you may notice it was rather “slow.” This is known as a gap and go day where the market gaps up and then moves sideways the rest of the day. This keeps the majority of market participants out of the market. The only way to catch these moves if you have not positioned yourself in the pre-market or overnight sessions is to be long or short stock, option, or overnight futures…
Well spaced news for the upcoming week. We are anticipating a rally this week at least in to the 1082s on the /ES. If we move up and break 1093 then we will look to buy the first major pullback. The top traders and hedge fund managers should be coming back from holiday after Labor Day and the market action should really start to pick up again.
Well that rally was short lived. We were immediately sold into on the open at the daily short level of 1080 on the S&P. The target on this trade is 1053 and there’s no reason we can’t go there tomorrow on the Existing Home Sales report. Regardless, now is a great time to be hedged. If you are flat, then a 70/30 bearish/bullish weight to your positions would set you up nicely to take advantage of a violent down more,…
Lots of news this week beginning on Tuesday with Existing Home sales and ending with GDP will make for a nice week of trading. During times of rotation as we saw over the past two weeks the markets can be extremely whipsaw like and almost untradeable at times. It is perfectly okay to be on the sidelines during these times, patiently waiting for the next trade. Refer to our post on trading like a cheetah. We’re Looking for a rally…
Look out below! We have now clearly broken trend line support, where land nobody knows. Well, not quite. An inverted head and shoulders could potentially be setting up with the left shoulder trading in June, Head in July, and right shoulder forming in August. Regardless, the VIX has jumped back into the mid 20s and the sense of fear and uncertainty is back in the markets (if it ever left to begin with).