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 […]
Donald Trump’s stock market effect
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. […]
No presidential debate stock market reaction
Intraday market update: October 21, 2016
No presidential debate stock market reaction Updated 6:50 a.m. While today gapped below yesterday’s low, the bulls closed the gap on the 1st bar. Yet, the bar had a tail on top. This bar disappointed both the bulls and the bears. It therefore increased the chances that today will be like most days over the […]
Presidential election stock market rally or correction
Intraday market update: October 20, 2016
Presidential election stock market rally or correction Updated 6:53 a.m. The Emini fell below yesterday’s low on the 2nd bar to trigger the low 2 short on the daily chart. Yet, it then reversed up on the 3rd bar and limit order bulls were able to make money. Therefore, the odds of a big bear […]
House and Senate Congressional elections causing stock market breakout
Intraday market update: October 19, 2016
House and Senate Congressional elections causing stock market breakout Updated 6:43 a.m. The Emini opened within yesterday’s 3 hour tight trading range, and the 1st bar had tails up and down. This initial trading range price action therefore increases the odds that today will be mostly a trading range day. While yesterday is a sell […]
Possible brief October stock market correction
Intraday market update: October 18, 2016
Possible brief October stock market correction Updated 6:55 a.m. The Emini gapped up big, yet began with 2 bear bars. That reduced the chances of a bull trend for the 1st hour or two. While today still might be a bull trend day, the odds are that it will have to go sideways to down […]
Emini bear flag in October correction
Intraday market update: October 17, 2016
Emini bear flag in October correction Updated 6:46 a.m. While the Emini traded below Friday’s low and triggered the Low 1 sell signal on the daily chart, the odds are against a big bear trend day. Friday was a big day. Therefore, the stop is far above. This creates a big risk. Since the Emini […]