Two days of balance and the failure has not materialized.
Continuation is on the radar as buyers will have their way this holiday week.
Any strong selling that might unfold will be a go-with scenario.
But that's low odds to unfold at this point.
Tuesday, November 25, 2014
Balance Again
Today features a textbook trade of the day minor low of yesterday -- just after the initial hour and a half. You just can't make this stuff as this setup prints over and over -- and over.
Two days of balance and the failure has not materialized.
Continuation is on the radar as buyers will have their way this holiday week.
Any strong selling that might unfold will be a go-with scenario.
But that's low odds to unfold at this point.
Two days of balance and the failure has not materialized.
Continuation is on the radar as buyers will have their way this holiday week.
Any strong selling that might unfold will be a go-with scenario.
But that's low odds to unfold at this point.
Monday, November 24, 2014
Sunday, November 23, 2014
Gap and Crap
Hello big gap -- not surprising...
Big 20ish point gap up open killed the shorts.
But the open drive 16 handle perfect trend move down killed the overnight longs.
Intra-day: Nice 11:00 zone transitional structure low, trade of the day.
Daily: Now this market has excess at highs and we decipher if a fresh auction is starting to the downside or not. We point out research that indicates an edge that it might just do so!
A trend move unfolding on Monday would be a go with hold trade to try and capture a larger trend move.
Big 20ish point gap up open killed the shorts.
But the open drive 16 handle perfect trend move down killed the overnight longs.
Intra-day: Nice 11:00 zone transitional structure low, trade of the day.
Daily: Now this market has excess at highs and we decipher if a fresh auction is starting to the downside or not. We point out research that indicates an edge that it might just do so!
A trend move unfolding on Monday would be a go with hold trade to try and capture a larger trend move.
Thursday, November 20, 2014
Two Way Auction
Well, you just can't make this stuff up -- as the trade of the day once again was to go long the minor low of the previous day's range.
Today, was a tad different of a pattern in the sense that they gapped it down in the overnight and the open was right in the minor low zone. And then the short-covering was on.
Of key note, we will show how the steep angle of the morning ascent, combined with the lack of any TICK +800 readings, made it very high odds that a trend day session would NOT unfold.
But I have to hand it to the buyers. the 8:30 minor high reversal of yesterday's highs could very well have produced a significant reversal lower -- but it didn't.
And the pesky buyers closed the session on highs.
With that, the two way auction process goes on, and it's looking good for higher prices tomorrow.
One thing for sure, when this structure breaks, with volume, it's going to be fast and furious Red. This mechanical grind higher stuff always ends the same way.
Today, was a tad different of a pattern in the sense that they gapped it down in the overnight and the open was right in the minor low zone. And then the short-covering was on.
Of key note, we will show how the steep angle of the morning ascent, combined with the lack of any TICK +800 readings, made it very high odds that a trend day session would NOT unfold.
But I have to hand it to the buyers. the 8:30 minor high reversal of yesterday's highs could very well have produced a significant reversal lower -- but it didn't.
And the pesky buyers closed the session on highs.
With that, the two way auction process goes on, and it's looking good for higher prices tomorrow.
One thing for sure, when this structure breaks, with volume, it's going to be fast and furious Red. This mechanical grind higher stuff always ends the same way.
Wednesday, November 19, 2014
Great Trade
So you want to fight a two ton gorilla? Go ahead and fade the 1st hour and a half look down minor low of the previous session trade! Go for it!
Yet again, this trade of the day prints and highlights (once again) that patterns to repeat with abandon.
Volume was not up on the morning move down too boot.
So today was health consolidation of the breakout -- just like we anticipated.
Yet again, this trade of the day prints and highlights (once again) that patterns to repeat with abandon.
Volume was not up on the morning move down too boot.
So today was health consolidation of the breakout -- just like we anticipated.
Tuesday, November 18, 2014
Breakout Trendy Action
No shocker that a trend move printed higher out of the range.
Early session VWAP reversal trade of the day.
12:00 last hour reversal offers a nice structural example of TICK MA below zero on new highs. And how that can be a nice counter-trend short.
IWM not playing today.
Still on Big Red watch.
That said, balance tomorrow is what the buyers want to see post a breakout move.
Early session VWAP reversal trade of the day.
12:00 last hour reversal offers a nice structural example of TICK MA below zero on new highs. And how that can be a nice counter-trend short.
IWM not playing today.
Still on Big Red watch.
That said, balance tomorrow is what the buyers want to see post a breakout move.
Monday, November 17, 2014
Heroic Responsive Buyers
We 1st take a look at the overnight session. Where the buyers failed miserably.
Trade of the day is the 8:30 minor low of A period. Perfect structure for the reversal. 1st a look at the daily.
Friday, November 14, 2014
Friday Balance
If you had the cajones to be at the desk at 11:00 today after a mind-bending slow session, you picked up the trade of the day. A minor low of the range tail that managed to creep higher into the close.
Other than that, just a lazy Friday balance that will probably trigger a gap up come Monday.
But we are posting this Sunday evening and so far it looks like a bit of a gap down could be in order. And like we pointed out in the ES daily slide, we are on watch for a Big Red movie to a theater near you.
Other than that, just a lazy Friday balance that will probably trigger a gap up come Monday.
But we are posting this Sunday evening and so far it looks like a bit of a gap down could be in order. And like we pointed out in the ES daily slide, we are on watch for a Big Red movie to a theater near you.
Thursday, November 13, 2014
Textbook Structure
Today's 5 minute fantastic structure.
Clearly laggard move up, laggard move down, and a 11:00 zone transitional structure reversal.
Textbook.
Tomorrow we see if sellers hit the gas in any fashion. If they do, it might be a "go with" move for Big Red.
Clearly laggard move up, laggard move down, and a 11:00 zone transitional structure reversal.
Textbook.
Tomorrow we see if sellers hit the gas in any fashion. If they do, it might be a "go with" move for Big Red.
Wednesday, November 12, 2014
Gap Down and Balance
Our high alert stance based mostly upon so many diverged and weak sectors during yesterday's grind higher was dead on, as a gap lower printed today.
But the relentless responsive buyers were all set to go as the morning balance gave way to an afternoon session around the PIVOT.
That and yet another 12:00 VWAP reversal!
Probably good to go for an upside test for tomorrow, as a few weak hands have been rinsed.
The 5 minute structure tonight really great!
But the relentless responsive buyers were all set to go as the morning balance gave way to an afternoon session around the PIVOT.
That and yet another 12:00 VWAP reversal!
Probably good to go for an upside test for tomorrow, as a few weak hands have been rinsed.
The 5 minute structure tonight really great!
Tuesday, November 11, 2014
High Alert
Yet another classic bull market grinder higher that even featured a perfect VWAP reversal -- shocker, right?
What felt different about today was how diverged so many sectors were.
Pace, tempo, volume, it all sucked. These later stage swing higher runs are a sight to behold. Daytrading is not impossible but let's use the word improbable simply because it is just so slow with low-volume.
So we wait for the day when some news comes into the market that brings in the seller or two.
Intraday structure was par for the course. A morning 7 o'clock low with a retest excess tail at 7:30. A subsequent one hour grind higher to R1 and just before 9:00. Where price chopped around in the upper end of the range and closed on the session near highs.
We are on high alert for downside inventory adjustments at this point.
What felt different about today was how diverged so many sectors were.
Pace, tempo, volume, it all sucked. These later stage swing higher runs are a sight to behold. Daytrading is not impossible but let's use the word improbable simply because it is just so slow with low-volume.
So we wait for the day when some news comes into the market that brings in the seller or two.
Intraday structure was par for the course. A morning 7 o'clock low with a retest excess tail at 7:30. A subsequent one hour grind higher to R1 and just before 9:00. Where price chopped around in the upper end of the range and closed on the session near highs.
We are on high alert for downside inventory adjustments at this point.
Friday, November 7, 2014
Recap: Morning Reversals
Range: 10 points today.
Since October 30th, this market has produced a look down and meaningful reversal with in the 1st hour and a half of trading.
That is 8 sessions of a very similar pattern playing out. Sure, each day had it's own nuances, and even some of the days were easy to get run over on (like 11-4).
So we recap of all these sessions, including today which was just Bull-Market- Balance (BMB) and yet another 1st hour perfecto reversal trade.
And today's intra-day action respected key time of days. The 7: 30 low with excess tail a one hour move up to S1 that reversed at 8:30 and subsequently balanced until 11 o'clock. At which point price rotated back down to near lows.
Since October 30th, this market has produced a look down and meaningful reversal with in the 1st hour and a half of trading.
That is 8 sessions of a very similar pattern playing out. Sure, each day had it's own nuances, and even some of the days were easy to get run over on (like 11-4).
So we recap of all these sessions, including today which was just Bull-Market- Balance (BMB) and yet another 1st hour perfecto reversal trade.
And today's intra-day action respected key time of days. The 7: 30 low with excess tail a one hour move up to S1 that reversed at 8:30 and subsequently balanced until 11 o'clock. At which point price rotated back down to near lows.
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