26 July, Members Daily Pre-Market Report
The Euro Zone bank stress test is out of the way and the more I read it the less I like it, I want to start getting long Copper and Steel. S&P e minis are trading at resistance this morning at 1100.
25 July, Weekly Stock Market Review
S&P’s closed the week strongly, however they are still trading in the box from 1050 to 1100, a break above or below this range will open up a move to 1130 above the market or 1035 below it. The VIX is also still trading in the box, a close below 23 would be bullish for equities and a close above 27 would be bearish. Enjoy the rest of your weekend guys. If you would like to view how we trade the futures markets in our members area register here for a 14 day guest pass to the GT members area.
18 July, Weekly Stock Market Review $ES_F
S&P e minis sold off heavily on Friday, in our weekly review I offer support and resistance levels for them. I also discuss how we are playing the S&P’s next week, a gap up tonight would be a nice setup to short into. I take a look at the VIX, which was quite tame on Friday considering the sell off. If you would like to view other trades we are taking register here for a 14 day guest pass to the GT members area. Have a good weekend everyone.
10 July, Weekly Stock Market Review
We saw a sharp relief rally in the S&P e minis this week after extreme oversold conditions. This index however is still in a down trend, with overhead resistance at 1080 to 1086, at these levels are, the 61.8% fibonacci retracement level taken from June 22nd highs to July 6th lows and the 50 and 200 day ema’s. I also review the Dax. Have a good weekend everyone. If you would like a one month complimentary membership to GT members area, register here
04 July Weekly Stock Market Review
S&P’s broke down through key support levels last week and look bearish, however expect a bounce as this market is heavily oversold in the short term, PUT/CALL ratio and market breadth show sell signals. We are still short and this video I discuss support and resistance levels for next week. If you would like a one month complimentary membership to GT members area, register here
26 June, Weekly Stock Market Review $ES_F
We shorted a retracement in S&P e minis at 1078, they have closed below their 200 day ema for two days now, this is bearish. Every move higher is on weaker volume and every move lower is on increased volume. Key resistance levels for next week are, 1088, 1103 and 1108. Have a good weekend everyone and Come On England!
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19 June. Weekly Stock Market Review
S&P e mins held 1105, equity PUTCALL Ratio and Market Breadth are showing buy signals and the VIX closed below its 200 day ema. Short term bullish signals, however a close above 1113 ish the 50 day ema is needed, then a test of 1122 opens up.
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