Today we discuss the current compression pattern we are watching in the Crude Oil (CL) futures market. We are trading inside a daily channel ranging between 57.88 and 55.02 and we are not looking for large running moves until we break outside of this range and enter...
Boeing (BA) has been running higher since the end of January, right after a really good Q4 earnings report. It moved over $60 or over 15% in little more than 1 month. What goes up quickly, sometimes pulls back quickly. BA is down over 2% today. Don’t worry, BA...
GOOGL closed at the 200-Day Exponential Moving Average yesterday, and today, it followed through with a higher-high pattern on the daily chart. This Breakout has the potential to run higher into the 1150’s with the next upside target at 1154. Recent Related...
We have a rare opportunity to put on an Iron Condor that meets the criteria for an 11-Hour Options trade. Market is in consolidation on the hourly chart and momentum is relatively flat. Also, no major economic news events scheduled, so it should be clear sailing for a...
Today we had another textbook morning breakout in the 30 year bond (ZB, US) futures. This is the same setup we traded yesterday and last week and typically occurs between 6-9AM Eastern time. We had the breakout and a run for about $400-$500/contract in about two...
SPX has spent another day trading on and around the 8-Day Exponential Moving Average (EMA). This area of consolidation has allowed us to successfully trade an Iron Condor Setup with today’s expiration, and setup a nice Credit Spread for tomorrow’s end of...
