On a personal note, one of my 3 daughters got married over the weekend. Meegan is a really sweet young woman (but tough as nails as a lawyer), and she and Mike are a very good couple. I am very happy for them and very happy to give them my blessing. I am posting this […]
August stock market correction not likely this week
Intraday market update: August 8, 2016
August stock market correction not likely this week I updated this at 6:59 a.m. The Emini gapped up to a new all-time high. The bulls wanted the gap to stay open and for today to be another Trend From the Open bull trend. Yet, Friday was a tight trading range and their breakouts usually do […]
Ask Al: Market correlation
Market correlation: Emini and bonds (or others) BPA trading room Q&A: June 16, 2016 Question: You mentioned the correlation between Bonds and the Emini. Is it worth watching for confirmation of the trend in the Emini or does it not have any effect on your trading? Audio duration: 5min 13sec Market correlations 50/50 I think […]
August buy climax and correction
Emini weekend update: August 6, 2016
Monthly S&P500 Emini futures candlestick chart:Follow-through buying after last month’s breakout The monthly S&P500 Emini futures candlestick chart had 6 consecutive bull trend bars coming into this month. Last month was a strong bull breakout. The bulls want a bull trend bar this month to confirm last month’s breakout. Yet, 6 consecutive bull bars on […]
Unemployment report stock market breakout
Intraday market update: August 5, 2016
Unemployment report stock market breakout Updated 6:56 a.m. The Emini gapped up and formed a Buy The Close rally to a new all-time high. The bears want a failed breakout above the 3 week trading range. However, the bulls want a Pain Trade rally and a strong bull trend day, like a Spike and Channel […]
Trading the unemployment report breakout
Intraday market update: August 4, 2016
Trading the unemployment report breakout Updated 6:54 a.m. The bulls broke above yesterday’s high on the open and therefore triggered the buy signal on the daily chart. Yet, the first few bars were not strongly bullish. Furthermore, the rally has lasted about 120 bars without much of a pullback. Especially relevant is that the bears […]
Learn to trade trading range breakouts
Intraday market update: August 3, 2016
Learn to trade trading range breakouts Updated 7:05 a.m. Today opened with a bear breakout below yesterday’s bull channel. Yet, the Emini reversed up from an Opening Reversal. The follow-through stalled at the top of yesterday’s rally. It then turned down in an attempt at an Opening Reversal down. When there are both credible top […]
Emini expanding triangle top
Intraday market update: August 2, 2016
Emini expanding triangle top Updated 7:02 a.m. While the bears want a 2nd leg down from yesterday’s strong selloff, the initial selling today had bad follow-through. A Leg 1 = Leg 2 Measured Move down is near the bottom of the 3 week trading range. The Emini is Always In Short, yet the bears have […]
August stock market correction
Intraday market update: August 1, 2016
August stock market correction Update around 7:11 a.m. The Emini sold off to the 60 minute moving average and the bottom of Friday’s parabolic bull channel. Yet, the follow-through was bad. Limit order bulls and bears made money in the first 6 bars. This increases the chances of the trading range price action of the […]
Ask Al: Always In and Major Trend Reversal trading analysis
Always In and Major Trend Reversal trading setups BPA trading room Q&A: November 6, 2015 Question: Could you give your perspective on the day for Always In trading and Major Trend Reversals? Video duration: 2min 33sec You can also view this video on Al’s YouTube Channel if needed. Always In trading From an Always In […]
