Overall the stock market is waiting on big earnings scheduled for later this week. We’ve been in consolidation most of the day, barely moving positive or negative today. It’s very possible that tomorrow we get a very similar day. Wait for the release of...
This video explains how we knew to take profit in Nasdaq longs this morning right after the stock market open. We used technical analysis as well as correlated market analysis to identify the exit right before the market had a 50 point selloff. Recent Related Articles...
S&P500 (SPX) has been moving sideways over the past 3 days, in a consolidation pattern we call “compression.” It’s very evident from our MQ MZT indicator that we’re moving in a sideways channel. It’s likely that we’re in that...
This video discusses the breakdown that has taken place in Gold Futures (GC) over the past two days and how we were trading it short in the Base Camp Trading Futures Live Trading Room. Recent Related Articles Trading with a Ferrari: How Using Momentum Can Help by John...
NFLX started to show weakness on Friday 12th’s opening, changing over to a bearish momentum bias on the 60 minute chart. Today, Monday 15th, the daily is now showing also a bearish momentum bias on the daily chart. If we continue to move lower, we’re...
Today we discuss trading the Gold Futures (GC) market using candlestick patterns. Specifically, we talk about the 60 minute hammer that lead to the bounce into the afternoon as well as the daily hammer that is forming potentially leading to higher prices tomorrow....
