June 14th, 2024 All about the rollover in the next couple of sessions as we transition from June M to Sep U in ES, NQ, YM, and RTY. Typically, we experience a good amount of volatility during the rollover, making it challenging to trade directionally since it involves shifting positions from June to Sep rather […]

June 13th, 2024 ES and NQ didn’t seem bothered by the semi-hawkish FOMC yesterday, yet RTY was affected, creating a divergent market. But that’s been the norm, so the bulls remain unfazed and rally in ES and NQ continues. At some point, the weaker trading of small caps will significantly impact the market, but we […]

June 12th, 2024 This morning’s story is the rally in the 10 YR (ZN), a full-force surge resulting from the CPI data that turned out a bit softer than anticipated. This rally in ZN, lowering yields, is just the spark needed by the bulls at this moment. It’s lit a fire under the RTY, triggering […]

June 11th, 2024 ES and NQ continue to showcase bullish tendencies in the medium to long term. However, short-term momentum appears to have stalled as we await data and the FOMC Announcement. I anticipate a thin tape and possible two-way action in these markets. Regarding RTY, it remains a ‘sell the rallies’ market. Its Bollinger […]

June 10th, 2024 As we approach a busy week filled with data analysis and the FOMC Meeting, my attention is centered on the activity in RTY versus ZN. Given that ZN failed to maintain another rally and now, the RTY correlation comes back into play as it declines alongside it. This is the current narrative […]

June 7th, 2024 The labor market remains strong while bonds and stocks show weakness. Momentum, a crucial aspect in current trading, has been lost by the bulls today. With rates spiking and the Russell 2000 declining, the market is likely to stay weak. In the short term, bears may have a high to trade off […]

June 6th, 2024 The bulls currently have both the technical and macro momentum on their side. However, as the market climbs, we find ourselves in a limbo where there’s no clear support or resistance to gauge. All the bulls need to do for now is maintain their position and keep driving upwards. It’s particularly challenging […]

June 5th, 2024 The stage is set for the bulls to push back up to all-time highs. In the past few sessions, we’ve had pullbacks that have held key support. The daily Bollinger bands have stopped moving inward, we’re back up on the 5-day SM, rates are coming down, and volatility is decreasing. We’re back […]

June 4th, 2024 As 10-year yields approach monthly lows and are on the brink of testing support at 4.3%, stocks are pulling back. This is a pivotal moment for the market as stocks potentially retain their bullish momentum while rates diminish. This environment presents all the indexes (including the RTY) with a chance to rally. […]

June 3rd, 2024 Rates down, stocks up. Today, the first day of the month, markets are adding to their late-day moves on the last day of the month. With rates coming down and stocks going up, it’s not advised to fade this right now. Lower objectives in ES were met midday on Friday as I […]