Why We Went Long BOX Last Week | Daily Market Report
Jeff Cooper’s Daily Market Report In today’s Daily Market Report Jeff perfectly illustrates how simply paying attention can yield profitable trades. Recently BOX showed relative strength as the general market floundered. Jeff discusses the original entry and why he added to the position.Get Jeff’s all-new home-study course Hit & Run Trading 2.0 for free when […]
Continue Reading -->How to stay in the game…even when you’re down | Ryan Tonking
Ryan Tonking | Black RoomWe all experience adversity. How you handle it separates the winners from those who never succeed. In today’s Black Room lesson, Ryan covers the topic of how to stay in the game when you are having tough day or week. If I had to give this 10 minute video a headline […]
Continue Reading -->How the 3 Day Chart Signaled Trouble Up Ahead
This morning’s report showed an hourly SPX with a parallel channel showing an hourly signal reversal bar late Monday at multiple resistance levelsImportantly the reversal coincided exactly with a turn up in the 3 Day Chart which is potentially telegraphing a move right back down…ala the April 30 turn up of the 3 Day Chart.Today […]
Continue Reading -->Why Oil Is at an Important Point
Oil is all over the place this week. Volatility often precedes price, and the whipsaw action may be a function of the time/price square-out we showed in this space yesterday.Specifically, oil set an all time high at 147 in mid-May 2008. Interestingly, coincident with the pre-crash SPX pivot high that year. 50% of oil’s all time high ties […]
Continue Reading -->Gap Bully/Bury Amplifiers | Black Room Lessons | Ifan Wei
Black Room LessonsWith Ifan WeiIn today’s lesson Ifan follows up on a previous lesson. Today four amplifiers for determining high quality gap bullies and gap buries are explained. Join Sami and Ifan in the Black Room Just $7 for Your First 30 Days Watch today’s lessons then join the Black Room for 30 daysSami Abusaad Black […]
Continue Reading -->What Could Make or Break the SPX From Here
Jeff Cooper’s Daily Market Report The SPX is at a tipping point. Jeff Cooper’s work shows that the index is within a whisker of turning up its 3-day chart, which defines the short-term trend. See the levels that can make or break the market from here — very important if you want to know what’s […]
Continue Reading -->Should Traders Sell in May and Go Away?
The Gann Decennial Cycle points to some kind of resolution in May.May 2018 is 10 years (120 geometrical months) from the May 2008 pre-crash pivot high.A reaction was due this year after the DJIA tagged the upper rail of a trend channel in January.The reaction occurred in concert with an overthrow of a trend channel […]
Continue Reading -->T3 Live’s Mystery Chart #1 Revealed!
Yesterday, we played a little game. We posted this mystery chart, and asked traders whether they were bullish or bearish on it, and to guess the ticker: Before we reveal the answer, let’s see whether traders were bullish or bearish on this particular ticker: 52.7% were bullish, 30.4% were bearish, and 16.9% were in the […]
Continue Reading -->Volatility Went AWOL
This morning’s report noted Lizard and Soup Nazi buy setups on the SPX targeting a push to 2650.The index bled back into yesterday’s range pulling the rubber band back and launched to the 265 SPY strike.There’s no depth of meaning to these moves — it’s all algomatics pining each other.Noise.When there is little conviction in […]
Continue Reading -->Why Box Is a Top Big Picture Swing Long for the Daily Market Report
BOX has been sporting superb relative strength of late. On a day when the SPX plunged below its 200 day m.a., BOX made a new all-time high. BOX came on my radar on April 23 when it carved out a large-range upthrust on substantial volume. In fact, BOX scored an Expansion Pivot/180 buy signal on April 23. I have […]
Continue Reading -->