The FOMC Minutes from the December 2018 meeting were released today at 2pm EST. The market saw what it expected – the FOMC was going to be “flexible” on future interest rate increases, as it is starting to see some initial decrease in the US economic...
Today we discuss the Crude Oil (CL) futures longs that we traded in the Futures Live Trading Room. They were based on a bullish bias within the context of the 240 minute up trend and bottoming tails we saw both yesterday and today. Don’t forget to like and...
AAPL has been in a consolidation channel between $172 and $169 for over 7 trading days. I will be closely watching AAPL for a breakout higher to the $176 level or a breakout lower to the $167 level. Recent Related Articles Trading with a Ferrari: How Using Momentum...
Today we followup on the Gold (GC) futures trade from last week. We had initiated the longs after a run on the stops occurred on the 240 minute price chart. This then ran higher and triggered the compression breakout, which in turn triggered the weekly bull flag setup...
Today we revisit the Gold (GC) futures pennant from a few days ago and discuss how the members at Base Camp Trading were able to profit on both the false breakouts, and the final rally using technical analysis of price action. Recent Related Articles Trading with a...
AMZN showing continued weakness in both the hourly and daily charts, falling 1% in yesterdays trading, and continuing lower by 0.8% today. A lot of weakness stems from the drop in December retail sales numbers which was a -1.2% fall, with over -3.5% in online sales....
