Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
Not seeing much of interest on the setup front this morning. It’s summer after all and the weekend is almost upon us – so let’s take care of business and then head for the nearest beach (or lake if you live inland) 😉
Copper is my favorite setup at the moment – great reversal from the lower BB and it’s now attempting to [...]
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
Once again we find ourselves in sideways mode ahead of Ben Bernanke’s speech before before the House Financial Services Committee at 10 a.m. ET. You all know how I feel about the fact that we have given one institution (and in particular one man) this much power over our financial markets. It seems that nothing else matters anymore – earnings [...]
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
The E-Mini appears determined to produce a 12th higher high in a row. The odds on that may be historical and this rubber band is going to snap at some point – BUT you know what they say about stepping in front of a speeding bus. Although I’m not interested in any daily long positions there is no reason to not play a short term NLBL breach [...]
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
Easy as she goes – the spoos may have been churning mostly sideways during yesterday’s NYSE session but it has not just managed to hold its 25-hour SMA but has barely touched it in the past two sessions. I would hold long here until further notice.
Things look a bit more iffy on the tech side as the NQ is completing some sideways [...]