Nice 2 day rally on big volume
Consumer spending for Christmas up 42% over last year, which was also a "good" year
Another FED day
Rollover to Mar 19 contract
Minor indecisive doji on slightly higher than 'normal' volume
Wednesday morning 12/12/2018
Extreme 900 point YM range and large volume
Market closed at 9:30 AM observing President Bush, RIP
6:30 AM Monday morning
Strong close to November...Into the Brach Zones
Impressive wide range candles
2 strong post holiday up days ... which way from here?
Stochastic is definitely hooking up, the Mac Histo's have turned -- the fast EMAs are trying to.
But I'm thinking the bulls might be a tad early...I'd be more convinced of a sustainable bottom
if the minor measured moves had been reached...We'll see.
The little guys were not participating today.
Quotes displayed incorrect values for the Chg, Chg%, Open and Prior Close today.
The High was incorrectly displayed then was corrected ~ 10:15 AM today.
(All values were correct for Friday's session until ~9:30 PM Thursday)
DOW 30 daily and full session
YM session and MMO
Tuesday 11/06/2018 - Mid term elections
Breaking the down trend with three white soldiers ... A bullish pattern.
Does it only tell what has transpired or does it suggest that the reversal continues?
A look at the over night sessions
DOW 30 full session and MMO
|Friday's entire session and the MMO hours|
Long lower tails, wide ranges - recovery in the afternoon
In the morning, before the MMO
The rising wedge seems the dominant pattern at this point
The Russell was still running while the others look like they're rolling over.
Initial IG report to President Donald Trump and to the Congress today.
Leaks beforehand indicate that Strzok/Page 'we'll stop Trump' email exchange was not redacted...
it WAS NEVER INCLUDED in the earlier subpoenaed documents provided to Congress.
Strong positive close...due to the relief that the truth is finally coming out?
Also today I discovered I receive data for the Russell 2000 (RTY).
It still trades in .10 tick increments but each tick is $5 (previous market I traded was $10)
Price has penetrated into the Brach Zones and stochastic is overbought, suggesting pullbacks
are due for the big boys similar to what the NQ is experiencing now.
My guess is they'll be mild-ish before the May-June measured moves can continue.
Volume picked up today...YM playing catch up as the ES & NQ stall
Volume picked up, back to 'normal'
Morning charts - Pushing up overnight
A stronger than expected jobs report for May is giving a boost to stocks today. So is the fact that European stocks are rising (as well as Italy's bond and stock markets). In addition, yesterday's stock selling in response to new tariffs was relatively mild which is also encouraging. The bottom line is that stocks are having a strong day today and are starting the month of June in a stronger technical condition. Chart 1 shows the S&P 500 ending the week on a strong note and on pace to challenge its May high near 2742. A close above that level would restore the market's uptrend. There are three other encouraging signs on Chart 1. One is the fact that Tuesday's Italy-inspired selloff bounced off its 50-day average. The second is that the SPX also bounced off the falling trendline drawn over its January/March highs. That resistance line was exceeded three week's ago to the upside. One of the rules of chart analysis is that a resistance line once broken on the upside should act as a support line on subsequent pullbacks. The black arrow shows it doing just that on Tuesday. The third positive sign is the ability of the 14-day RSI line (top box) to stay above the 50 level. That's usually a sign of rising momentum. Nine sectors are in the black today being led by technology. Consumer staples are lagging. Utilities are the day's biggest losers owing to a rebound in Treasury yields. Today's rebound in stocks is causing some selling of bonds and bond proxies. That also suggests that Tuesday's flight to safety into Treasuries may have run its course.
Well, this was unexpected
Reversal of yesterday's action albeit on less volume...
Wide range day on increased volume
Low volume before the Memorial Day weekend
Little change, closing hammers
Wider range on slightly increased volume
Cool - went down on even lower volume than 'normal' today.
Seems like the abby normal has become the new normal...
Big boys gapped up but on low volume. Makes me think I may have missed
contract roll-over but no...Just seasonal??
Very low volume approaching the pennant apex which confirms the pattern.
Because a pennant formed instead of a reversal, I'm expecting the trend
to continue next week with a breakout to the upside.
Friday morning before the major markets open - pennant on a pole
Volume pickup with the reversal...
Measured moves thru lunch time
Low volume closing with a weak doji and completing measured moves
All over bought with candle pairs resembling those of just before last month's reversal.
This month's positive sentiment vs last month's may over power the negative TA
So, perhaps the world may not yet be doomed due to our ending the Iran deal...
What new false premises shall be promoted next?
Tuesday 05/08/2018 -- Iran "Deal" -- gone.
Anticipated market volatility due to President Trump's decision never happened.
Up on diminished volume
Volume picked up...closing with another set of long tailed Harami-Hammers
Nice follow through on previously mentioned T/A -- volume was a bit lite though.
Been thinking about how prices have been rising on low volume but it takes
much more to get prices to drop. Conventional wisdom calls this 'normal' P/A which supposedly
bodes against a sustained rally...Got to wonder how often this convention is incorrect.
2 days with long lower tails into the BZs and closing with Hammer Harami today
Increased volume on the big down bars suggests a blow off bottom at the BZ reversal areas.
Down with wider ranges, volume still moderate.
Pull back on moderate volume
Good advance albeit on low volume. Breaking out of April's consolidation patterns...
Almost into the BZ reversal areas which may prove to be the upper limits for this run.
Range narrowing and volume subdued, ending the week with indecisive spinning doji.
April's consolidation patterns are at their apexes but are holding...
Friday morning before the MMO -- still on the cusp of breaking out...
Tuesday morning after China announces easing auto tariffs
Wide ranges, up all day until the late afternoon...closing basically UNCH
Seems like wide range high volume has become the new normal so far this year
Wide ranges with large volume
April BZ retrace possibilities...(04/01/2018)
Increased volume - the big boys closing UNCH with spinners and the NQ down
Negative stick sandwiches giving yesterday's gains back
Outside bar bodes poorly for any upward movement tomorrow
Wide ranges on volume
Little low volume spinners printing inside bars and Harami reversal pairs
at short term BZ areas
Indecisive little spinners on low volume -- down for the week.
Thursday 03/15/2018...contract rollover
Sell-off on fairly low volume
Large percentage gains on moderate volume capping a solid positive week...
The Nasdaq 100 closed at an ATH but the YM & ES are lagging far behind
Friday before the MMO 03/09/2018
Long lower tails may suggest upward pressure for Sunday/Monday
Hammer Harami patterns
1/2 session low volume little movement
Rosenstein announces 13 indictments (+3 'entities') of Russians for interference
in US elections...FISA court throws the onus back to the DOJ re: warrants.
Strong up sessions on volume. Stochastic is running but MACD trend (EMAs) has not turned as of yet.
Volatility remaining high...It's relatively early to expect a retrace as of yet although
I've marked the BZ areas...stochastic indicators are turning up from the O/S area.
Again volume and volatility remained very high
Volume and volatility remained very high
Futs margin reduced back to normal (9:30 AM)
Very heavy volume with very wide ranges again today.
Reality sets in - 100% margin on Futs instituted
something evil in Washington has been exposed
The Nunes memo reportedly will be released tomorrow
State of the Union address tonight
#2 McCabe at FBI "removed" from position...
House votes tonight whether to @ReleaseTheMemo
Friday 01/26/2018 ATH
YM & ES (MMO) closing ATHs as well as at the session close.
Monday 01/22/2018... ATH
Monday morning 01/22/2018
Looking like this week may be pivotal
MLK holiday half session
Inadvertently missed recording today's charts
Again, all time closing highs
Again, all time closing highs with volume slowly creeping up this week...
All time closing highs