Bonds rallied this week after we had multiple Support levels line up, as shown in last weekend's video. Now we've got the reverse showing on Equities, with multiple End of Trend signals on the Emini charts. That gives us a tight congestion zone - with Resistance at 2740 or 2750 and Support at 2710 or 2700. If we break Support ... more »
Emini Trading Blog: Page 2
Cycles Lining Up in Bonds (and Equities)
The low, intermediate and high time frame cycles are starting to line up in the Bonds and Equities charts. And that means this week could be important - with a possible Low in Bonds and High in Equities. Watch for the Professional bars to see what they do next. Good luck with your Emini trading this week. ... more »
Gold: Do I Dare Disagree with Jeff Gundlach?
It's a stupid man who disagrees with Jeff Gundlach ... but his current view of an upside break in Gold doesn't jive with my charts. Yes, we've got a "triple" in Gold with 3 Resistance levels sitting right above the current price. And "big things happen at Triples". But we've also got Professionals active at the Highs, instead of ... more »
A Quick Spin of the Charts
A quick spin around all the macro market charts: Dollar Index, Euro, Pound, Aussie, Yen, Emerging Markets, Copper, Crude, Real Estate, Equities, etc. You can check out the Better Rotation indicator here and the 5 Step Setup here. Good luck with your trading next week. ... more »
Fade the Amateurs (RAMBO pattern trade)
Nothing's a sure thing, but ... fading the Amateurs comes close. Now don't get your feathers in a bunch. Maybe you don't like hearing me say "the Amateurs are often wrong". But are you here to trade and make money or be polite? So watch for low average trade size at breakouts or breakdowns. Then if the market "V" reverses, jump ... more »
Currencies Kick Off
The US Dollar sold off against all the major and minor currencies on Friday. We're coming really close to the psychologically important 90.0 level on the US Dollar Index. A break of this would potentially bring in the large Exhaustion selling volume I've been looking for. Friday's activity gave us classic "Jumping the Creek" ... more »
Emini Day Trading: Gathering Pattern Leads to Nice Little Stop Run
The Emini refused to break down twice in early trade today. The first time, at 9:03 am (Chicago time), we got a RAMBO Pattern. The second time, at 9:51 am, the Professionals stepped in and held it. On our way back up we generated a nice Gathering Pattern with 4 blue Professional bars on the 1500 tick chart. Just below the previous ... more »
The ‘Meltdown’ Windows 10 Update Broke TradeStation (and How to Fix It)
Yesterday (Friday 5 January 2018), my Windows 10 system automatically downloaded and installed a patch to "fix" the recently discovered 'Meltdown' vulnerability. But as soon as Windows re-started, my TradeStation stopped working! TradeStation had put around an email warning this might happen on Thursday, so this wasn't unexpected. ... more »
Charts I’m Watching: US Bonds
US Bonds have been trapped in a congestion zone since June 2017. The high and low of the congestion zone were formed during the crazy 48 hours during and after Trump's election. We're about to have triple Resistance levels print and if they hold, the downtrend will continue. Let's see. Good luck with your trading. ... more »
Watching Currencies … Yen, Euro and Aussie on the Ledge
Next week in currencies should be fun. We've got the US Dollar in the middle of a Short covering rally and a bunch of currencies are sitting on a ledge - Yen, Euro, Pound, Aussie, etc. They could easily fall off and lead to some larger range activity as they try and find the next Support levels on the way down. Plus Gold. It's ... more »
