The First Mouse Gets the Squeeze, the Second Mouse Gets the Cheese
“Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.” John Kenneth Galbraith I listen to the financial news all day while I trade. Not for information, but to glean […]
Continue Reading -->Where Gold Is Headed From Here…
An intraday GDXJ shows 3 drives to a test of its 50 period on the hourlies. This ties to a backtest of yesterday’s breakout. After today’s inside day/test, it will be important to see how the miners behave on the important Friday weekly closing basis. It’s interesting that TBT looks poised to breakout in tandem with gold and the […]
Continue Reading -->What You Don’t Know About Prop Trading… but Should
In this special extended webinar, Amber Capra breaks down everything you need to know about the exciting world of prop trading: Amber covers the world of prop trading from A to Z, including:How to determine whether prop trading is right for youWhy you need training, community, and ongoing coaching to succeedHow you can qualify for […]
Continue Reading -->IBB’s Square Out: Where Are We Going?
IBB left a large range Gilligan sell signal yesterday after setting a 7 month high. A Gilligan sell is a gap up to a new 60 day high with a close at/near session lows. The reversal is noteworthy as it follows a near Measured Move from the June Rule of 4 Breakout. This was a […]
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Twitter is no longer at death’s doorWhen Too Much of a Good Thing Could Spell Trouble10 Minutes For The Next 60 Years Of Your LifeAnd more! So check out these links right now and get up to speed: 1) […]
Continue Reading -->The Red Dog’s Roadmap
The SPX futures are up 2 ahead of the Fed this afternoon. It has been a methodical move since clearing the descending channel above 2430 to take out 2453 before making a new all-time high at 2481. Now we’ll look to see if the active bulls stay in control with upper support at 2464 and yesterday’s low […]
Continue Reading -->Is TSLA Positioning for a Minus One/Plus Two Ahead of Earnings?
TSLA dropped 80 points after our projected square-out at 384 in June. 360 degrees down from 284 is 309. The low close was 308.83. When using the Square of 9 we have to consider the intraday highs and lows as well as the close. 346 is 180 degrees up from the 309 low while 342 ties […]
Continue Reading -->Jeff Cooper: The Waterfall Setup
Last week bullish sentiment reached 69%. To put this into perspective, the highest reading in 4 years is 70% and occurred on March 1, 2017. That date and the high sentiment reading coincided with a top followed by a 78 point SPX drop into March 27. In addition, the three day average for the VIX is at its second […]
Continue Reading -->US Dollar – Nailed It! What’s Next?
Last week I talked about why the CPI report was not the main reason for the dollar decline and that we would see continued follow through lower. In this video I discuss: What to expect now that the target area has been reached A look forward to how the FOMC may impact the dollar next […]
Continue Reading -->Jeff Cooper Interview: What Gann Theory Is Saying About the SPX
On Friday, July 21, T3 Live’s Jeff Cooper appeared on the Forex Analytix show with Dale Pinkert to discuss: How Jeff went from the skateboarding business to trading Why he embraces unconventional and undervalued trading concepts like Gann Theory How stocks are ‘attracted’ to specific numbers His history in studying geometry and cycles in the […]
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