Daily Updates

Opening Bell, nothing still all night, then @ 9:35 AM "Getting VERY close to a BIG DEAL with China. They want it, and so do we!" and the same thing:  c:/folders/trading/algos/chinadeal/buy.exe    This time was WAY different as you can't avoid the bad news and techncials anymore as this ALGO DAY didn't pop and hold, but instead placed a major threat intraday as it succumbed to SPX 3150.60, -26p from the 10:20AM ATH placement. After the close, the ONE SIDED deal [...]

Powell came and went, did his REPO & QE4 presentations, and we got stuck with the smallest FED DAY intraday range (10.77p) since Janet Yellen raised rates the first time in DEC 2015:   4 years ago. With NO GAP FILL in the regular session despite the FUTURES filling it Tuesday night prior to the "both sides are going to used left handed pitchers who will throw underhand kick balls" on the tariff rumor ahead of this weekend's deadline, KNOWING upside [...]

As many know and as many have stated:  NO ONE DOES FED DAYS BETTER THAN 32Trades I am still suffering from this sinus cold I caught at the end of last week, but I'll open the microphone up today for LIVE STREAM (raspy voice and all) and cover the play-by-play alerts and post them in the chat room which, because of what I posted lower down here, has taken a lot of the fun out of what I started [...]

Not much to add to what's already working in our favor for the irregular wave-B to begin confirming wave-C has begun with the EU open selling down for the first move of the overnight sideways sessions which has us @ ES 3122:   > -1% from the ATH and inside the SPX GAP #1 3134 - 3117 The PROBLEM that will be faced with is the shorter time frames being EXTREME OVERSOLD A close of the GAP #1 to 3117 [...]

Futures are pretty flat and we're due no real economic data until the FED Meeting Wednesday, but we have some BEAR CALL premium collecting ideas as well as some RISK plays both ways with some of the setups that ended last week on those listed above CHART MAs: 5 DAY WHITE 10 DAY BLUE 20 DAY PINK 50 DAY RED 200 DAY YELLOW AAPL New ATH (above 269.24) AAPL has a clear sell divergence on the Weekly & Daily, but [...]

Very nicely played week to start of DEC with our near perfect DROP over ~2 sessions, down the SPX stairs and right to the BULLS should be well prepared for a "dip" and feel no pressure to BTFD without a threat of the lower steps on the SPX stairs (3077-3065-3060-3050) We had our 2 consecutive sessions of FUTURES slamming to the lower keltner channels on their 1hr charts early each session with LOD placements early MON & TUES to then get [...]

Besides Monday's drop which bottomed @ 11:10AM, Tuesday's bottom @ 9:50, Wednesday's top @ 10:10 (fractional higher high end of day), and yesterday's gap op to bottom @ 10:10 to retrace to the open for +0.20p end of day...  the move is in within the 1st 30mins of day this week (and we still have the unfilled gap below @ 3103 - 3093 from Tuesday night). We have a NEW gap today (a/o the overnight spike on ES to [...]

SPX/SPY/ES retraced right to the 50.0 expectation pivots and sat atop them the entire sessions and most of the overnight with both Tues & Wed having put in the entire move by 10AM (11AM Monday) with the last two sessions having an open - close range of just 5.79p and 9.26p.   This IS NOT TRADEABLE even on a seasoned Futures trader's best days so avoid as I've been saying the FOMO if you missed the DROP or POP and know [...]

Apologies for the late update here.  Received a phone call midday that my 11yr old daughter was in the police station so family trumped what was covered in chat already yesterday. December has gifted us perfectly thus far with multiple 💯% plays down right to the lower steps of the SPX staircase which produced the BUY DIVERGENCES on the 1hr charts and we're on pace for our 50.0 retrace here with the ES overnight just 5p shy of it SPX [...]

December Deja Vu?  Biggest intraday range on SPX yesterday (33.53p) since OCT 4 VIX Close ABOVE 13.39 SPX Gap from Friday NOV 22 (3110.29) Closed 1Hr charts SLAMMED OVERSOLD 1Hr Lower Keltners BUSTED (1st time since OCT 2) HOWEVER....    NO "confirmation" from GOLD (+1472) NO SPX close under 3100 (11 sessions now) RTY/IWM still +1600/+160 ES 3108 wicked overnight NQ 8300.25 supported well intrday XBI still more overbought than cheap China TVs on Black Friday So we got [...]