T3 – Trading-The-Trend Market Recap & Outlook
The Market Big Picture
Good trading is always going back over the trading WEEK and taking a step back to see where the market is situated. This allows for a higher probability on an intraday setup knowing that overall market direction is in a particular TREND. It’s your patience and discipline that will continue to grow as a trader when you implement such tools.
(click above for additional charts, video & commentary newsletter)
Click Here for a tutorial walk through of the charts above used in the weekly supplemental
Markets covered in the Newsletter above and rotated in the Daily Trend Videos.
Futures: ES, YM, TF, NQ, CL, GC, 6E
ETF Futures: SPY, DIA, IWM, QQQ, FXE, GLD, USO, EEM, TLT
Market Cap Leaders: AAPL, AMZN, SBUX, GOOG, FB, NFLX
Key Indices: SPX, DXY, XAU, XOI
Industrial’s: IYJ, IYT, XLB, XLE, XLF, XLK, XLP, XLU, XLV
FX Pairs: AUD/USD, EUR/USD, GBPUSD, USD/CAD, USD/CHF, USD/JPY
Total Stock Market: IYY, VTI, SCHB
Jason Kelly Index Tier: IJR, MVV
FUTURES: LOOKING AT THE WEEK BEHIND…..
Each week, the TradingFibz strategy is put to work by focusing on a few select index futures market in the live trading room. It is this traders belief that knowing few markets and knowing it well, enables you to become a master versus spread out across various markets. While I still believe that you can trade one market successfully, the four indices which tend to move in tandem offers multiple setups on fewer entries per trading session. The blog review link below is a record to see what may have been going through my mind on any given day.
Markets Covered: ES, YM, NQ, CL ...