Dow 20,000 Trump rally, then 5% stock market correction Updated 6:51 a.m. The Emini began with a limit order open within Friday’s 4 hour range. This increases the chances of a lot of trading range trading today. Yet the 4 hour range is tight. The odds are that there will be a breakout and measured […]
Dow 20,000 Trump rally, then 5% stock market correction
Ask Al: Final steps to trading profitability
Many obstacles to trading profitabilityBPA trading room Q&A: February 16, 2016 Question: What were the final steps which you employed to become profitable? Video duration: 6min 50sec You can also view this video on Al’s YouTube Channel if needed. Get rich quick trading! There were so many steps along the way, right? The single […]
President Trump and January Effect stock market rally
Emini weekend update: January 21, 2017
Monthly S&P500 Emini futures candlestick chart: Breakout is losing momentum The monthly S&P500 Emini futures candlestick chart has a small bull doji bar so far this month. December was also small and had a tail on top. Therefore, the 3 month breakout is losing momentum. The monthly S&P500 Emini futures candlestick chart is in a […]
Trump rally above Dow 20,000 big round number
Intraday market update: January 20, 2017
Trump rally above Dow 20,000 big round number Updated 6:50 a.m. The Emini gapped up and formed 2 good bull bars. It was therefore Always In Long on the open. Yet, it is at the top of the 3 week tight trading range. This is therefore a test. The bulls want an early low of […]
Dow 20,000 buy climax at resistance
Intraday market update: January 19, 2017
Dow 20,000 buy climax at resistance Updated 6:54 a.m. The Emini reversed down from above yesterday’s high. Yet, both yesterday’s rally and today’s reversal were weak. This is still trading range price action, and it increases the odds of more throughout the day. Because yesterday was a small day, the 5 minute Emini chart is […]
Dow 20,000 Trump rally buy climax?
Intraday market update: January 18, 2017
Dow 20,000 Trump rally buy climax? Updated 6:47 a.m. The Emini began with a selloff from near yesterday’s high and then a rally from above yesterday’s low. Furthermore, it is also in the middle of a 5 week trading range. In addition, Friday was a Big Down, Big Up day. Hence, this is a trading […]
Ask Al: Buy the Close bull trend or reversal?
Buy the Close decision in first 30 minutes BPA trading room Q&A: July 6, 2016 Question: Lots of early reversals made me skeptical of the bull trend until about B31 close. I shorted with limit orders many times before that, but the swing down never came. Could you comment on trusting the Buy The Close […]
Stock Market Zero Sum Game and Eternal Bull Market: Weekend update: January 14, 2017
Stock Market Zero Sum Game and Eternal Bull Market? The Dow will break strongly above 20,000, even if it falls to 10,000 first! That is because the world creates more workers in an increasingly efficient world economy every day. As a result, the world’s wealth is steadily increasing. Since the stock market contains a big […]
Intraday market update: January 12, 2017
Updated 7:00 a.m. The Emini gapped below yesterday’s tight bull channel. Yet, the odds are that the early selling will lead to a trading range after yesterday’s channel. Furthermore, the Emini has been in a tight range for the past 7 days. In addition, that range is within a 2 week trading range. Hence the […]
Dow 20,000 double top major trend reversal
Intraday market update: January 11, 2017
Dow 20,000 double top major trend reversal Updated 7:08 a.m. The Emini reversed up from a breakout below yesterday; late major low. While the rally failed to break above the late lower high, it was strong enough for traders to see the market as Always In Long. Hence, the odds are greater that there are […]