December 11th, 2023 Good Morning everyone. Roll, Central Banks, CPI, oh my! One of the toughest tasks for a trader is admitting when you don’t have an edge, whether it be for a day, a week, or longer – and still keeping an eye on the markets. I’ve traded in these types of markets multiple […]
December 8th, 2023 Rollover. Today and Monday mark the peak of the Roll for stock index futures, days I choose not to trade. Why? Because I lack an edge during these times. Rollover is when a trader shifts their position from the front month contract to another contract further in the future. This isn’t about […]
December 7th, 2023 Bear Victory? Yesterday’s triumph for the Bears mirrored a typical Chicago Bear win, however, they remain 4-8 and at the bottom of their division. Reviewing the tape, our standing mirrors the range I’ve consistently outlined in ES for quite some time. The RTY and YM continue to trend upwards, while the NQ […]
US and Canada: Real Estate
Join ChiGrl with fantastic guests this week for a deep dive into both US and Canada real estate markets with. m3_melody and BenRabidoux Click Here to Download Summary
December 6th, 2023 HOLD, HOLD, HOLD! As Mel Gibson shouted in the iconic movie, Braveheart. The bears are attempting to gain momentum, but the bulls consistently hold the line. The tape becomes erratic, causing traders to be unsure about maintaining their long positions while in the grand scheme of things, the bulls are faring quite […]
December 5th, 2023 Stuck on You. This morning, I evaluated the four major indexes – ES, NQ, RTY, YM – stripped of all indicators. Focusing solely on the price action from the past few weeks often offers the clearest perspective. Currently, a tug of war exists between Tech and Small caps with the S&P firmly […]
December 4th, 2023 Good Morning @everyone A Tale of Different Tapes. One principle I’ve adhered to since my early days of day trading is this: when the indexes all align, I place my largest positions. This alignment can often signal the clearest potential for movement. Conversely, when the indexes diverge—with contrasting charts—I either trade minimally […]
November 30th, 2023 Seasonal Tape. I mentioned the other day that when a market starts to stall in a trend, it will almost always start to show signs of mean reversion, and that’s what we continue to see in the ES. The 5-day moving average sits within the daily ranges, and the daily Bollinger Bands […]
Trading Markets: Oil and Natural Gas
Join ChiGrl with AMAZING guests: TradersCom and BadfishRanch to discuss all things oil and nat gas!
November 29th, 2023 Grind Mode. US Indexes are in this slow, methodical move higher mode again. With a 2 YR printing its lowest yields since July and the 10 YR printing its lowest yields since September, stocks remain in favor. This is not the ideal tape for day traders as the VIX sits on lows, […]