Today we discuss when it is okay to change your bias from bullish to bearish and why you do not want to just stick to an opinion on the market even if signs are pointing to a change. Remember, we do not want to be bouncing back and forth, but when new information...
AAPL (Apple, Inc.) is a major component of both the QQQ and SPY indexes. Because AAPL is nearly the largest company by market capitalization, it has an over-weighted effect on the performances of the indexes. Today, AAPL is down close to 10% on warnings of a Q1...
In today’s futures live trading room we had a great trade setup in Crude Oil (CL) futures. This was a false breakout, run on the stops where we broke through support and immediately reversed direction, which set us up for a long trade that we were able to ride...
The overall S&P500 Index has been in Compression/Consolidation for the past 2 1/2 days. It is getting ready to spring higher or lower. If it goes higher, it’s upside target is approximately 2570. If it goes lower, it’s downside target is approximately...
Today we break down some of the trade setups in the ES from the futures live trading room using Renko charts and trend trading retracements. Remember, in periods of high volatility like this, trend trading is one of the best ways to catch intraday price movement....
SPX moved lower today in bearish trading, down to a 14 month low. If the fall continues, we will not find support until the 2400 price level and below that the 2377 price level, which is a 50% retracement of a nearly 3 year bullish run of the S&P500. Recent...
