Today we discuss a trade setup that occurred last night in the Base Camp Trading end of day setups video. We talked about watching for an overnight breakout in the S&P eMini Futures (ES) contract through a well-defined resistance zone at 2900. This trade ended up...
Apple (AAPL) has been moving higher for several weeks, recently topping $200 per share. If price reaches $207, it becomes a trillion dollar company again. But AAPL is showing signs of being overvalued. It has recently been downgraded, and even if it move up to $207,...
Our new MQ MZT indicator shows where momentum crosses the zero level, signaling the change in bullish & bearish bias. When momentum quiets down, and goes to near zero, we get an abundance of MZT signals during price compression. This helps us identify channels,...
The Microquant MZT indicator can provide very clear signals that a strong breakout is about to occur. We normally look for an afternoon move, and today’s MZT signal plus a breakout above the high of the day results in a $16 move in about 2 hours. Recent Related...
Today we discuss a trade setup from the futures live trading room this morning. We had a false breakout to the downside in Crude Oil (CL) futures, that then turned and broke through resistance to the upside. This is a good example of how a market moves through the...
The non-farm payrolls economic number report came out this morning. Expectations was for job creation to average around 175,000. The actual number came in at 196,000, easily beating estimates. This makes up for the worry caused the sharp shortfall in the February jobs...
