This week, the US Stock market as represented by the S&P futures (ESH13) continued its rally off the late December lows. The dip down to support at 1446 on Tuesday which immediately rebounded back up indicated that absorption was taking place. Volume was light on the lows, expanding on the rally intraday. After Tuesday’s low, the market made higher highs and higher lows … [Read more...]
Happy Holidays!
My ‘Bread & Butter’ Trade
Every trader needs a trade that produces. One that they can rely on and take with no hesitation. For me, that trade is the Wyckoff Spring. As long as i don't have a raging bear trend or serious SOW in the background, I look to take this trade every time it comes up. Is it perfect? Of course not, nothing is. But it is as close to perfect as i can get in this trading game, … [Read more...]
Market Drives to New Swing High
I was anticipating a pullback in the US Stock Market this week. I had seen some weakness in the market as described in this post (click to read), but that did not materialize. Instead, the market pushed up and drove to a new swing high. Game Plan & Routine Coming into the market's US morning session yesterday, I was looking for a short opportunity. My game plan was to … [Read more...]
Anticipating a Pullback Early Next Week
The market has been in a bullish mode since the mid-November lows. I expect that bullishness overall will continue into and perhaps past the New Year. But in any uptrend there will be pullbacks. I am anticipating a pullback early next week. In fact, it may have already started. My Routine At the end of each week - usually on Saturday afternoon when I have some quiet time … [Read more...]
