Pre-Market Trend - Week 11; Day 3

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any reference published here. Past performance is not necessarily indicative of future results.


BIG PICTURE - Pre-Market

Attempting to determine which way a market will go on any given day is merely a guess in which some will get it right and some will get it wrong. Being prepared in either direction intraday for the strongest probable trend is by plotting your longer term charts and utilizing an indicator of choice on the lower time frame to identify the setup and remaining in the trade that much longer. Any chart posted here is merely a snapshot of current technical momentum and not indicative of where price may lead forward.

Kenneth Polcari Morning Thoughts

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Econ Highlights for Today

  • CPI
  • Retail Sales
  • EIA
  • FOMC

VIX: 12.12 (DOWN)


ScreenShare

  • Crude Flat
  • Gold Down
  • Yen/Euro Chop
  • Indices Up/PB


NQ – Nasdaq Futures

Levels to watch in both directions

  • FOMC VOLATILITY
  • Upside: 5400//5469//5546
  • Downside: 5381//5371//5312//5249

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Short Term Pic (15m, 60m, 4hr)

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Market Profile

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  • Nearest Open Daily Gaps: 5232.5
  • Lowest Open Gap: 4017


ES – S&P Futures

Levels to watch in both directions

  • FOMC VOLATILITY
  • Upside: 2375//2390//2400
  • Downside: 2363//2359//2312.5

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Short Term Pic (15m, 60m, 4hr)

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Market Profile

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  • Nearest Open Daily Gap: 2348.75
  • Lowest Open Gap: 1860.7

As always, leave your bias at the door of where you think the market should be, watch the charts in front of you and stay away from ...

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Trading Session Recap (Week 11; Day 2)

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

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Comments

Pre-Market Trend - Week 11; Day 2

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

Read More
Comments

Trading Session Recap (Week 11; Day 1)

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

Read More
Comments

Pre-Market Trend - Week 11; Day 1

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

Read More
Comments

Technical Momentum Outlook - Week 11

the-big-picture-2

Pullback Indeed!

Hoping for some pullback through the weeks, week 10 delivered as stated in last week's outlook, "key events ahead may be just the catalyst that we need to pull back and correct the market to its nearest ...

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Week 10 RECAP

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

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Comments

Pre-Market Trend - Week 10; Day 5

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

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Comments

Trading Session Recap (Week 10; Day 4)

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

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Comments

Trading Session Recap (Week 10; Day 3)

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

Read More
Comments

Trading Session Recap (Week 10; Day 2)

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money ...

Read More
Comments

TRADING SESSION RECAP (9.01.16) - 354 Ticks.

LOOKING AT THE WEEK BEHIND 1 DAY @ A TIME…..

Good trading is always going back over the trading day and reviewing the setups that may or may not have worked out and what kept you in or perhaps took you ...

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Great Trade room, one concept to follow and a great educator
         
David is the real deal. He does what he says and says what he does. No magic formulas or indicators here. He really has stripped trading down to something so basic that anyone can understand it. Ea...
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