March 18th, 2024 Widen your perspective. Identifying market environments is key no matter what timeframe you are trading. As day traders, one of the most difficult things for us to do is widen our perspective but still focus on our short-term execution. When we step back and look at this year thus far, the ES and NQ are simply channeling higher, […]
March 11th, 2024 I’m away this week attending FIA Boca. FIA Boca is the annual International Futures Industry Conference held in Boca Raton, FL. I’ll be conversing with numerous exchange leaders, market makers, brokers, and prop firms in the futures industry, discussing the current state of the market and what major players are devising for […]
March 8th, 2024 25 years ago today, I stepped into the S&P pit as a member of the Chicago Mercantile Exchange with my entire life savings in my account. In just 6 months, I was broke. But I didn’t give up. I borrowed money, worked nights, and faced numerous challenges, including anxiety and an stress-induced […]
March 7th, 2024 Bulls are regaining momentum. As I have been mentioning recently, the market is experiencing a time correction. This is a consolidation at the highs which does not undermine the overall technical picture, but can offer short term victories to both bulls and bears intra-day due to the two-way tape. Remember, I am […]
March 6th, 2024 Today’s note starts off with the same thoughts as yesterday; we must consider two types of short-term market corrections: time or price. A time correction involves consolidation at the highs that does not deteriorate the big picture technicals. However, it can provoke frustration among bulls and bears alike, causing short-term day traders […]
March 5th, 2024 Are the markets getting a bit toppy? There are two types of short-term market corrections to consider: time or price. A time correction involves consolidation at the highs that doesn’t deteriorate the technicals. However, it can lead to frustration among both bulls and bears, causing short-term day traders to overthink and overtrade. […]
March 4th, 2024 Level to Level. I notice a lot of traders mulling over the past rather than focusing on the present. Getting too caught up in where the markets have been can cause you to lose sight of where they’re heading. As a trader, the past should be used as context, not as a […]
March 1st, 2024 Bulls continue to win the battles they need to win. One of the hardest things for day traders to accept in bull markets is they look where we came from in price instead of where we are now in price action. The price action right now supports higher prices as every break […]
February 29th, 2024 The PCE data was released this morning, showing a 0.4% increase in the PCE index for January, in line with consensus expectations. The year-over-year increase was 2.8%, a slight decrease from the previous reading. Overall, rates are relatively stable, and equities rallied on the news. Ultimately, what matters most is the market’s […]
February 27th, 2024 Churning. The Bulls only need one thing to happen right now and that’s for the market to chop around in a range and churn a bunch of people into thinking bearish thoughts, but ultimately go nowhere. Bull trends are usually very choppy, low volume, low volatility, and they get people thinking there’s […]