Markets initially moved gapped down this AM after a disappointing Retail Sales number for December. It took about 60 minutes to fill 1/2 the market gap, and then after absorbing the news of the lack of progress in US-China trade talks, completed the gap fill by 1PM...
Today we are discussing a trade from the futures live trading room this morning. We went short the S&P emini (ES) futures on what is called a Trend Reversal Breakout. In addition to the price action setup, we also had confirming bearish momentum from both the 30...
Just the other day, The Vanguard Group dramatically cut its expected rate of return for the stock market for the next 10 years. Previously Vanguard projected an annualized return for stocks of around 8 percent per year. Now they’ve scaled that back to 5 percent...
SPX has tried to reach the 200-Day Simple Moving Average for the past 2 weeks of trading. It touched it today. Hourly momentum is fairly strong, and if new news is positive, it has a reasonable chance to continue higher. Recent Related Articles Trading with a Ferrari:...
Today’s video discusses the outlook for Gold (GC) futures. We are currently trading inside a narrowing range on the 240min price chart, which makes up a pennant pattern. Trend is up overall on daily and weekly price charts, but shorter term we are compressing....
