November 28th, 2023 Market stalling. 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’re seeing right now in the US Indexes. The 5-day moving averages have caught up to current pricing, and the daily Bollinger Bands have started to move […]
November 27th, 2023 In my morning analysis, I keep things really simple and look for one of three different market environments. I use Bollinger Bands, VWAPs, and RSI to determine the most likely market environment for the day. I don’t search for answers; the market environment should be clear and obvious to spot. If it’s […]
Global Economies and Central Banks
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November 21, 2023 Bulls remain in control of the tape, but I foresee a sell-off this morning in ES and NQ. The daily charts are still incredibly strong. However, yesterday on the 60-minute charts, two signals emerged that indicate a rotation lower this morning: an overbought signal on the RSI and the Bollinger Bands starting […]
November 20th, 2023 Remember that movie Sideways? A struggling writer and wine enthusiast, Paul Giamatti, takes his engaged friend on a wine country trip for a last single-guy bonding experience. They drink, meet some girls, and things get a bit sideways. That’s how I see the markets right now. Bulls started the party a few […]
Geopolitics and Macro Markets | Velina Tchakarova and Bob Elliott
Join ChiGrl with guests: vtchakarova and BobEUnlimited to discuss, geopolitics, macro market implications: commodities, bonds, equities, and much much more! Click Here to Download Summary
November 17th, 2023 The bulls are resilient. The daily charts continue to indicate range expansion with Bollinger Bands expanding outward. We can’t even get the ES to come back and test the 5-day moving average. Yet, many bears on social media insist that this is just a bear market rally. But when we look at […]
November 16th, 2023 A day of divergence. We have the daily charts still screaming bullish, while all of the 60-minute charts are telling me to be short today. When this starts to happen, that tells me that the market is getting ready to top out. How do we trade this when there’s divergence? Small. When […]
Geopolitics and Macro Markets | Velina Tchakarova and Bob Elliott
Join ChiGrl with guests: vtchakarova and BobEUnlimited to discuss, geopolitics, macro market implications: commodities, bonds, equities, and much much more!
November 15th, 2023 Well, CPI took the market higher (I may have sang that in a Creed voice) and made it a no-trading day for me. One of the hardest things to accept as a day trader is knowing when to walk away. Yesterday I wrote my morning plan, took my time with developing scenarios, […]