Short reviews of the day's market action after the majors close....for 2018
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12/31/2018 Monday
12/28/2018 Friday
12/27/2018 Thursday
Nice 2 day rally on big volume
Wednesday 12/26/2018
Consumer spending for Christmas up 42% over last year, which was also a "good" year
Monday 12/24/2018
Friday 12/21/2018
Thursday 12/20/2018
Wednesday 12/19/2018
Another FED day
Tuesday 12/18/2018
Monday 12/17/2018
Friday 12/14/2018
Rollover to Mar 19 contract
Thursday 12/13/2018
Minor indecisive doji on slightly higher than 'normal' volume
Wednesday 12/12/2018
Wednesday morning 12/12/2018
Tuesday 12/11/2018
Monday 12/10/2018
Friday 12/07/2018
Thursday 12/6/2018
Extreme 900 point YM range and large volume
Wednesday 12/5/2018
Market closed at 9:30 AM observing President Bush, RIP
Tuesday 12/4/2018
Monday 12/3/2018
6:30 AM Monday morning
Friday 11/30/2018
Strong close to November...Into the Brach Zones
Thursday 11/29/2018
Wednesday 11/28/2018
Impressive wide range candles
Tuesday 11/27/2018
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.
Friday 11/23/2018
Thursday 11/22/2018...Thanksgiving
Wednesday 11/21/2018
Morning
Tuesday 11/20/2018
Monday 11/19/2018
Friday 11/16/2018
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)
Thursday 11/15/2018
Wednesday 11/14/2018
Tuesday 11/13/2018
Monday 11/12/2018
Friday 11/09/2018
DOW 30 daily and full session
Thursday 11/8/2018
Wednesday 11/07/2018
YM session and MMO
Tuesday 11/06/2018 - Mid term elections
Monday 11/05/2018
Friday 11/02/2018
This Morning
Thursday 11/01/2018
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?
Wednesday 10/31/2018
A look at the over night sessions
Tuesday 10/30/2018
DOW 30 full session and MMO
Monday 10/29/2018
12/28/2018 Friday
12/27/2018 Thursday
Wednesday 12/26/2018
Monday 12/24/2018
Friday 12/21/2018
Thursday 12/20/2018
Wednesday 12/19/2018
Tuesday 12/18/2018
Monday 12/17/2018
Friday 12/14/2018
Rollover to Mar 19 contract
Thursday 12/13/2018
Wednesday 12/12/2018
Tuesday 12/11/2018
Monday 12/10/2018
Friday 12/07/2018
Thursday 12/6/2018
Extreme 900 point YM range and large volume
Wednesday 12/5/2018
Market closed at 9:30 AM observing President Bush, RIP
Tuesday 12/4/2018
Monday 12/3/2018
Friday 11/30/2018
Thursday 11/29/2018
Wednesday 11/28/2018
Tuesday 11/27/2018
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.
The MMO session and full session charts were strong thru the session end.
Monday 11/26/2018
Friday 11/23/2018
Thursday 11/22/2018...Thanksgiving
Wednesday 11/21/2018
Tuesday 11/20/2018
Monday 11/19/2018
Friday 11/16/2018
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)
Thursday 11/15/2018
Wednesday 11/14/2018
Tuesday 11/13/2018
Monday 11/12/2018
Friday 11/09/2018
Thursday 11/8/2018
Wednesday 11/07/2018
Tuesday 11/06/2018 - Mid term elections
Full YM session and MMO
Monday 11/05/2018
Friday 11/02/2018
This Morning
Does it only tell what has transpired or does it suggest that the reversal continues?
I'm thinking that market direction depends on the election results this Tuesday...
Wednesday 10/31/2018
A look at the over night sessions
Tuesday 10/30/2018
Monday 10/29/2018
Morning before the majors open...looking like follow-through from Friday's T/A
Friday 10/26/2018
YM session + MMO
Dailies -
Bearish : measured moves are still in play...Bullish : the histograms are divergent
while the long lower tails search for a bottom...
I'm guessing that a short term up blip is in the works.
MACD EMAs are down (TREND), Stochastic are turning in the O/S areas (WHEN)
Thursday 10/25/2018
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Wednesday 10/24/2018
Very wide ranges out doing yesterday. It's looking like measured moves before they turn
Targets: YM 23800, ES 2585, NQ 6550
Tuesday 10/23/2018
Major league divergent reversal this morning after the majors opened...
Closing with wide raging long tailed hammers -- attempting to to reverse the down trend ??
(nope)
Monday 10/22/2018
Friday 10/19/2018
Thursday 10/18/2018
Wednesday 10/17/2018
DOW 30 full session and major market hours
Tuesday 10/16/2018
Morning news release:
Hires set a new high of 5.8 Million in August.
Job openings (vacancies) also hit a series high of 7.1 Million.
At the close:
Large percentage changes...Seems last week's long lower shadows called the reversal.
YM major market open thru the close and the entire session.
Monday 10/15/2018
Friday 10/12/2018
As of logging in to my account at 6 AM this morning :
Margins have reverted to the normal $500 during the day and $1000 overnight...
I'm not clear on when "normal" day hours begin and overnight margins end.
Higher than "normal" volume on the rebound today tho not as much as the previous sell-offs.
. There's the over-n-under Open price game on the session charts again.
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| Friday's entire session and the MMO hours |
Wondering whether the over-sold long tails have reversed the selling...
The NQ chart is showing a positive hammer for yesterday. It was negative
when the major's closed last night so it switched between 4 & 5 PM
Thursday 10/11/2018
Margins were reduced to $1000 before the majors opened then reverted to $500 at noon.
Higher volume than yesterday's massive amount...
Wednesday 10/10/2018
Overnight margins were set to $2000 at the session close today...
Tuesday 10/9/2018
Monday 10/8/2018
The big boys with long lower tails but closing UNCH...
At the MMO the RUT was down and the NQ was down largish but by the session close
they both had long lower tails too...
Friday 10/5/2018
The long lower shadows on the latest sessions indicate to me that there's not a great
amount of conviction to the down side in spite of the large volume again today.
But technically there are more negatives than positives: the Stochastics + MACDs
are turning down and the S&P breaking it's uptrend is worrisome...
Thursday 10/4/2018
Large volume sell off across the boards
Wednesday 10/3/2018
Tuesday 10/2/2018
Somewhat odd for the DOW 30 to be rallying while the others drop
Seems there's rush out of the little guys
Industrials for Tuesday
Monday 10/01/2018
NAFTA is dead, long live USMCA
DOW 30 major market hours and full session
Friday 09/28/2018
Thursday 09/27/2018
A little late in posting so the start of Friday's session shows...
Wednesday 09/26/2018
Tuesday 09/25/2018
Tough trading today...
Monday 09/24/2018
Some how missed recording today's action
Friday 09/21/2018
Thursday 09/20/2018
Wide ranges and all closed up strong
The YM repeating yesterday's P/A pattern
Wednesday 09/19/2018
Symbol rollover to December contract
Few opportunities to take reversals during the MMO today
Tuesday 09/18/2018
Nothing but air...errr, up
Monday 09/17/2018
Friday 09/14/2018
Hurricane Florence hitting the Carolinas today
Basically UNCH with long legged spinners...except for the RUT which was up nicely
Big dump for lunch, sure to be explained by the talking heads
Thursday 09/13/2018
Volume continues to come in...big boys and the Nas up while the RUT was UNCH
YM trended up for nearly the entire session
Wednesday 09/12/2018
Wide ranges increased volume.
The big boys closing with spinning doji, little changed.
The little guys down large but recovering
DOW 30 session 3m, 7m and 15 minute time frames
Tuesday 09/11/2018
Never Forget
Monday 09/10/2018
Looks like the YM took a break - positive action moved to the others
YM - divergence before the Trend Line Break at lunch time wasn't enough to stop the bleeding
Friday 09/07/2018
Again an increase in volume. YM still hanging tough - sideways channel
Similar to yesterday albeit the MMO was the pivot
Thursday 09/06/2018
Wide ranges on volume - YM closing up all by itself
The YM vacillated above/below the open the entire session.
NQ into the BZ, down hard again with the S&P and RUT following
Wednesday 9/05/2018
Missed posting today or accidentally deleted somehow
Tuesday 09/04/2018
Volume picked up a bit today
YM session closed down, the MMO closed up...
Monday 09/03/2018
Labor Day Holiday shortened session
Friday 08/31/2018
All Stochastic are hooking down thus the BZ retrace levels are shown...
Is all the good economic news of late backed into price?
Thursday 08/30/2018
Except for early in the session yesterday, never into positive territory
Wednesday 08/29/2018
Wednesday 08/29/2018 before the MMO
Tuesday 08/28/2018
Monday 08/27/2018
Friday 08/24/2018
ES session and MMO
Thursday 08/23/2018
ES session and MMO
Wednesday 08/22/2018
Nasdaq catching up with a good %change...the Russell, S&P and DJI are O/B
Tuesday 08/21/2018
The RUT had a big move up, NASDAQ lagging somewhat
Monday 08/20/2018
Back to very low volume again and small ranges.
Friday 08/17/2018
Thursday 08/16/2018
July sales up significantly
Wednesday 08/15/2018
Tuesday 08/14/2018
S&P trend line held again today...albeit on diminished volume
Monday 08/13/2018
The ES bounced off it's trend line but more downside looks likely.
Friday 08/10/2018
Volume picked up on the sell off.
Thursday 08/09/2018
Very low volume continues
Wednesday 08/08/2018
Very low volume over the past few sessions.
Tuesday 08/07/2018
Monday 08/06/2018
Friday 08/03/2018
Thursday 08/02/2018
DOW 30 lagging today but made a strong recovery from its low
Wednesday 08/01/2018
Less down volume today vs. yesterday's up volume...Stick sandwich on the YM
Tuesday 7/31/2018
Monday 0730/2018
Friday 07/27/2018
Good economic numbers came out at lunchtime to temper the losses...
Thursday 07/26/2018
Wednesday 07/25/2018
400k surge in volume in the last 1/2 hour accounts for 50% of the ES gain on the session.
Possibly due to reports that Trump secures concessions from EU
WARNING - the link above goes to a BS-CNBC story
Thinking the RUT will be the one to play for the next few days for it to catch-up
Tuesday 07/24/2018
Monday 07/23/2018
Friday 07/20/2018
Thursday 07/192018
Odd that the RUT was up while the others were down...
Wednesday 07/18/2018
Tuesday 07/17/2018
Volume picked up a bit today...positive bias but the NQ Chg% was up substantially.
Monday 07/16/2018
Very low volume again today
Friday 07/13/2018
ISP was down Thursday 07/12/2018
Wednesday 07/11/2018
Wednesday morning 7/11/2018 - Elevated volume overnight
Tuesday 07/10/2018
Fat Finger sell off at the close of the session?
Monday 07/09/2018
Friday 07/06/2018
Break out today resulting in a Brach Zone retrace of June's hi-lo
Thursday 07/05/2018
Tuesday 07/03/2018
Early close due to the 4th of July holiday
Monday 07/02/2018
Friday 06/29/2018
Up nicely much of the day to close UNCH
Thursday 06/28/2018
Wednesday 06/27/2018
Tuesday 06/26/2018
Pausing to look around at the bigger picture
Monday 6/25/2018
Breaking their patterns on big volume.
Friday 06/22/2018
Friday morning moving up
Thursday 06/21/2018
Wednesday 06/20/2018
Tuesday 06/19/2018
Monday 06/18/2018
Friday 06/15/2018
Thursday 6/14/2018
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.
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)
Wednesday 06/13/2018
FED raises rate 1/4 point...Very low volume today. Apparently traders
have rolled to the Sept contract (U8)...
Tuesday 06/12/2018
Volume dropped a bit lower today...is everybody rejecting the news from the Korean peace talks???
Monday 06/11/2018
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.
Friday 06/08/2018
Thursday 06/07/2018
Wednesday 06/06/2018
Tuesday 06/05/2108
More low volume and little change
Monday 06/04/2018
Wide-ish ranges on very low volume
Friday 06/01/2018
Best jobs report in years - no, decades...! On pace to have 4.7% GDP growth in Q2...
also - NK talks are back on
Strong Jobs Report Boosts Stocks, While S&P 500 Nears May High
This article was originally published in John Murphy's Market Message on Friday, June 1st at 1:19pm EST. Below is a copy/paste from StockCharts.com - ChartWatchers free newsletter
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.
Thursday 05/31/2018
Tuesday 05/29/2018
Friday 05/25/2018
Thursday 05/24/2018
Wednesday 05/23/2018
Tuesday 05/22/2018
Seems like the abby normal has become the new normal...
Monday 05/21/2018
contract roll-over but no...Just seasonal??
Friday 05/18/2018
Because a pennant formed instead of a reversal, I'm expecting the trend
to continue next week with a breakout to the upside.
Thursday 05/17/2018
Wednesday 05/16/2018
Tuesday 05/15/2018
Monday 05/14/2018
Friday 05/11/2018
This month's positive sentiment vs last month's may over power the negative TA
Thursday 05/10/2018
Wednesday 05/09/2018
Wednesday Morning
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.
Monday 05/07/2018
Friday 05/04/2018
Thursday 05/03/2018
Wednesday 05/02/2018
Tuesday Morning
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Monday 04/30/2018
Friday 04/27/2018
Thursday 04/26/2018
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.
Wednesday 04/25/2018
Tuesday 04/24/2018
Monday 04/23/2018
Friday 04/20/2018
Down with wider ranges, volume still moderate.
Thursday 04/19/2018
Wednesday 04/18/2018
Tuesday 04/16/2018
Almost into the BZ reversal areas which may prove to be the upper limits for this run.
Monday 04/16/2018
Friday 04/13/2018
April's consolidation patterns are at their apexes but are holding...
Friday morning before the MMO -- still on the cusp of breaking out...
Thursday 04/12/2018
Wednesday 04/11/2018
Tuesday 04/10/2018
Monday 04/09/2018
Friday 04/06/2018
Thursday 04/05/2018
Wednesday 04/04/2018
Tuesday 04/03/2018
Monday 04/02/2018
Wednesday 03/28/2018
Tuesday 03/27/2018
Monday 03/26/2018
Friday 03/23/2018
Thursday 03/22/2018
High volume breakdown patterns after Harami Hammers formed in the BZs
Tuesday 03/20/2018
at short term BZ areas
Monday 03/19/2018
Friday 03/16/2018
Thursday 03/15/2018...contract rollover
Wednesday 03/14/2018
Tuesday 03/13/2018
Monday 03/12/2018
Friday 03/09/2018
The Nasdaq 100 closed at an ATH but the YM & ES are lagging far behind
Thursday 03/08/2017
Wednesday 03/07/2018
Tuesday 03/06/2018
Thursday 03/01/2018
Wednesday 02/28/2018
Tuesday 02/27/2018
Monday 02/26/2018
Friday 02/23/2018
Thursday 02/22/2018
Wednesday 02/21/2018
Tuesday 02/20/2017
Monday 02/19/2018
1/2 session low volume little movement
Friday 02/16/2018
Rosenstein announces 13 indictments (+3 'entities') of Russians for interference
in US elections...FISA court throws the onus back to the DOJ re: warrants.
Thursday 02/15/2018
Wednesday 02/14/2018
Tuesday 02/13/2018
Monday 02/12/2018
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.
Friday 02/09/2018
Again volume and volatility remained very high
Volume and volatility remained very high
Wednesday 02/07/2018
Futs margin reduced back to normal (9:30 AM)
Tuesday 02/06/2018
Very heavy volume with very wide ranges again today.
Monday 02/05/2018
Reality sets in - 100% margin on Futs instituted
Friday 02/02/2018
something evil in Washington has been exposed
Thursday 02/01/2018
The Nunes memo reportedly will be released tomorrow
Tuesday 01/30/2018
State of the Union address tonight
Monday 01/29/2018
#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.
Wednesday 01/24/2018
Tuesday 01/23/2018
Monday 01/22/2018... ATH
Looking like this week may be pivotal
Friday 01/19/2018...ATH
Thursday 01/18/2018
Tuesday 01/16/2018
Monday 01/15/2018...ATH
MLK holiday half session
Friday 01/12/2018...ATH
Thursday 01/11/2018...ATH
Tuesday 01/09/2018
Monday 01/08/2018
Inadvertently missed recording today's charts
Friday 01/05/2018
Again, all time closing highs
Thursday 01/04/2018...ATH
Wednesday 01/03/2018
Tuesday 01/02/2018
Very little movement in the YM compared to the ES and NQ
