Friday June 2 Jobs report
Today is the final trading day of the week, so let’s do a quick review… SPX – In the weekend report, I warned against ‘shorting’ the General markets . Surprises are still coming to the upside.
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
Today is the final trading day of the week, so let’s do a quick review… SPX – In the weekend report, I warned against ‘shorting’ the General markets . Surprises are still coming to the upside.
Today we’ll start with a quick market review, and so far things are really still playing out pretty much as expected. I then want to present another lesson on patience. It is important and a lesson on patience can be very helpful at times. It helps us to remain positive while we wait for what […]
I spent much of Tuesday catching up on charts and various news articles that I may have missed over the long weekend. After all was said and done, nothing has really changed in my expectations going forward. Let’s review… SPX – After a shake out below the 50sma and recovery 8 days ago, the […]
Trading is closed in the U.S. on Monday. Here is your week in review… . SPX – This is from our Friday morning report. A week ago I mentioned that it seems that the slam down may have cleared the deck of sellers and put in a dcl. We still have had all right translated […]
Friday, the last trading day of the week. Well, honestly the Oil leak that we experienced yesterday was no surprise to most of my readers. I expected that drop and I wanted to point something out from here… WTIC – This Doji was pointed out yesterday as a topping candle. We had an […]
Wednesday had the release of the Fed Minutes in the afternoon, and that put a reversal into the Miners sell off. Thursday has the NATGAS inventory report and we also have the OPEC meeting that could Move OIL one way or the other. These things are not unexpected, so let’s discuss some observations from the […]
I have decided to release a large part of my last weekend report to the public, so that you can see what we at Chartfreak have been looking at. Enjoy. ‘ Have you ever heard someone say, “In the back of my mind, I was thinking about…” ? Well, in this weekend report I’m going […]
Let’s do a little review and discuss a little about a drop that I am expecting. SPX – There are times when you are expecting a pullback and suddenly you get a large 1 or 2 day slam. That can exhaust the move down, or ‘clean the plate’ of sellers for a while […]
Please reread the weekend report for my thoughts on the markets. Mondays moves still fit the thinking that we have gone over for the past couple of weeks. In addition to the weekend report that I released, I gathered some charts of trade set ups or trade ideas that may be forming. At times we […]
Have you ever heard someone say, “In the back of my mind, I was thinking about…” ? Well, in this weekend report I’m going to discuss my analysis ( technical / Cycles / etc) and the conclusions that are drawn from that, and also what has been subconsciously ‘ in the back of my mind […]
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