My post this AM will be short and sweet. This is my percentage pullback chart that I keep on the major futures, ES,TF,YM,NQ. They are all setting up pretty much the same as the end of August. In August we had a sideways period where we set a 3rd rail new high (3rd rail...
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Another strong week for the Bulls, piling another 214 points onto the Dow and breaking through that 1060 SPX barrier. Our sentiment indicators that we watch as part of the TTTHedge.com trading group are still very strong and momentum is still in the Bulls side of the column. There was some weakening over the...
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Don’t take yesterday’s market action as weakness because it wasn’t. Although the price action in the indices did not show strength the underlying breadth as measured in 52 week new highs and our % of stock over their 40 day moving average all held in there. Our Zweig sell signal is done now, it...
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I do not know when I will run out of road trip questions or how this milepost thing started but I will keep pushing it. I wanted to wait until this morning to write today’s milepost in order to see what the overseas markets would do in response to our fantastic catch yesterday. (And...
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As of 7:00 pm the futures are down 3.00 points. A lot can change between now and the morning. I bought some BGZ on the close on Friday based on indecision and the candle that formed. I was very neutral going in to Friday not able to make a call. The inability for the...
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I am having a hard time becoming inspired about tomorrow’s direction. The NYSE new 52 Week Highs tied yesterday in count, which if you were watching throughout the day they were running about 10% behind and that last thrust at the end of the day played catch-up. I think the market needs a rest. ...
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New Highs Zoooommm. Here is today’s new highs: Warning.. We do not know if today is the 52 Week New High Peak, there could be more to come. If you are in our trading room you know we monitor the new highs throughout the day looking for weakness. If you want access to my...
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You gotta like those who stick by their calls. The Cramer vs. Kass standoff is very interesting to watch. I am very nervous being in the Cramer camp and I could switch sides on any 15 minute bar from now. At 4:30 am this morning I became very bullish for today’s open at 4:30am...
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