The pandemic is the most important fundamental factor affecting the stock market and the economy I have said this many times. Everyone is bored with the pandemic and eager for our lives to return to normal. But that may never happen. While we will find a new normal, the coronavirus might be with us for […]
Emini in July closed above the June high
Market Overview: Weekend Market Update The Emini has rallied strongly for 4 months from its 10 year bull trend line. It has paused for a couple weeks in the February gap. Traders are deciding whether the rally will close the gap and continue to a new high, or reverse down and retrace half of the […]
Emini in July might close today above June high
Emini and Forex Trading Update:Friday July 31, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini sold off yesterday, but reversed up strongly from just above last week’s low and into the February gap. Because it was a bull bar and the Emini is in a bull trend […]
futures.io webinar — Trading price action:
5 Thoughts on psychology
Video duration: 58min 43sec Trading price action: 5 Thoughts on psychology Al Brooks gave a complimentary webinar presentation for futures.io giving his “5 Thoughts on psychology”. This webinar will help you review those common problems when trading that frustrate so many traders, whether beginner or more advanced. Webinar topics Needing an edge Avoiding bad […]
Emini rallied after FOMC report to just below July high
Emini and Forex Trading Update:Thursday July 30, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday rallied back into the gap on the weekly chart above the February 24 high. I have been saying it probably would do that. The bulls want a new all-time high, which […]
Emini testing February gap ahead of July FOMC announcement
Emini and Forex Trading Update:Wednesday July 29, 2020 I will update again at the end of the day. Pre-Open market analysis Today is an FOMC day. There is a sharp move up and down 70% of the time in the 1st few minutes after the 11 am PST announcement. Day traders should exit positions ahead […]
Emini weak High 1 bull flag buy signal at end of July
Emini and Forex Trading Update:Tuesday July 28, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was a High 1 bull flag buy signal bar on the daily chart. The buy triggered yesterday when yesterday traded above Friday’s high. The bulls want the Small Pullback Bull Trend on the […]
Emini minor weekly sell signal at end of July
Emini and Forex Trading Update:Monday July 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed a 3rd doji bar on the weekly chart last week. That is a sign of a loss of momentum in the rally. Because it had a bear body, it is a […]
Many Covid vaccines and treatments, and less flu
Covid vaccines A group of researches from UCLA reported this week in the New England Journal of Medicine that antibody levels fall quickly after a Covid-19 infection. Their results were similar to those from a study in China. The UCLA group looked at 30 patients diagnosed with Covid-19 and four housemates who probably had the […]
Emini possible late July reversal down from February gap
Market Overview: Weekend Market Update The Emini is stalling in the gap above the February 24 high, as I said was likely. There is a 50% chance of a reversal down to the middle 3rd of the 3 year trading range beginning within a few weeks before there is a new high. Bond futures have […]
