Stock market election volatility Updated 6:42 a.m. The day began with 2 small dojis near the top of yesterday’s trading range. These bars increase the chances of a lot of trading range price action today. Resistance above is at the 60 minute moving average and the August 2 low. Support below is at the bottom […]
Stock market election volatility
Ask Al: Trading with Time & Sales
Watching Time & Sales while trading BPA trading room Q&A: April 7, 2016 Question: Do you watch Time & Sales? And is there any benefit to it? Video duration: 3min 13sec Time & Sales no benefit There’s totally zero benefit to it! Also, a lot of Time & Sales is garbage. TradeStation, if you’re looking […]
Presidential election stock market correction or rally
Emini weekend update: October 29, 2016
Monthly S&P500 Emini futures candlestick chart:Stock market presidential election pullback The monthly S&P500 Emini futures candlestick chart dipped below the September low. It is therefore the 2nd month of the pullback. Yet, it is a small bar following 2 dojis, and therefore neutral. The monthly S&P500 Emini futures candlestick chart is in a bull trend. […]
Emini bear flag pre-election breakout attempt
Intraday market update: October 28, 2016
Emini bear flag pre-election breakout attempt Updated 6:44 a.m. The Emini sold off on the open, but reversed up strongly. It is trying to form an early low of the day after yesterday’s big outside down day at the bottom of a 2 week trading range. Because yesterday’s bear channel was tight, this 1st reversal […]
Awaiting presidential election stock market correction or rally
Intraday market update: October 27, 2016
Awaiting presidential election stock market correction or rally Updated 6:52 a.m. The Emini reversed down strongly from above yesterday’s high and is Always In Short. It is testing the 60 minute moving average. The bulls therefore hope that this selloff will form an Opening Reversal up from support. Hence, they want an early low of […]
Donald Trump’s stock market effect
Intraday market update: October 26, 2016
Donald Trump’s stock market effect Updated 6:46 a.m. While the Emini opened with a big gap down, 2 of the first 3 bars were dojis. Therefore, there was no sense of urgency. Because this is a bear breakout below bear channel, there is a 75% chance of a sideways to up move to the top […]
Weak Emini head and shoulders bottom breakout
Intraday market update: October 25, 2016
Weak Emini head and shoulders bottom breakout Updated 6:52 a.m. The Emini reversed up from below yesterday’s low on the open. Since yesterday had a small range, the bulls have a reasonable chance of forming an outside up day today. The bears hope that the early rally is simply a pullback from the breakout below […]
Stock market late October bullish seasonality
Intraday market update: October 24, 2016
Stock market late October bullish seasonality Updated 6:49 a.m. While today had a big gap up, the 1st bar was not big and the next bar was a bear doji. This is therefore a disappointing open for the bulls. Furthermore, the bear doji was not a strong sell signal. Disappointed bulls and bears increase the […]
Ask Al: Trading days easiest to lose on
Trading day types losing money BPA trading room Q&A: December 15, 2015 Question: What kinds of trading day types do you find it easiest to lose money on? Video duration: 3min 37sec You can also view this video on Al’s YouTube Channel if needed. Trading stupid! I’ve lost money on every kind of day that […]
Presidential election stock market rally or reversal
Emini weekend update: October 22, 2016
Monthly S&P500 Emini futures candlestick chart:Continued pullback after buy climax The monthly S&P500 Emini futures candlestick chart has a small bear body after 2 dojis. This is weak follow-through buying after the July breakout above a 2 year trading range. The monthly S&P500 Emini futures candlestick chart has a bear doji so far this month. […]