July 2nd, 2024 The mean reversion move is underway. As expected yesterday, with the first day of the month, the flows into the market kept the sellers at bay. In the overnight session, without the monthly inflows, we saw the market dip. I keep it real simple at this point: sell the rallies small, trail […]
July 1st, 2024 The market is set to be in mean reversion for the near future. This doesn’t mean I’ve turned completely bearish and the rally is over, but in the short term, it means that I am short and will continue to trade the short side in ES until I see a daily close […]
Your Guide to Trading Event Contracts
In the dynamic world of trading, finding instruments that offer simplicity, clear risk parameters, and potential for profit is invaluable. Event contracts provide traders with a straightforward and engaging way to participate in daily options trading across various futures markets. This guide will walk you through the essentials of event contracts, how to trade them, […]
June 28th, 2024 End of the month, end of the quarter. The action comes on the close, and based on what we’ve seen so far this week, it’s likely to tilt towards the buy side. I’ve been saying that I think the market is stalling and heading for a mean reversion, but it’s not there […]
June 27th, 2024 Numbers this morning did not change my sentiment on the market. The reaction was minimal in the indexes, and that’s all that matters to me. Markets are still stalling from my perspective and likely headed for a mean reversion or remain in a consolidation environment for the foreseeable future. How do we […]
June 25th, 2024
June 25th, 2024 RTY vs NQ: The rotation, divergence, or whatever you want to call it remains the focus in the indexes right now. Since the roll has been completed, this market environment is trying to find clear leadership as NVDA dropped off a bit. Now small caps, energy, and other sectors start to get […]
June 17th, 2024 I’ll be avoiding the markets today and tomorrow as Rollover is happening, along with a midweek market holiday. Today, the indexes switch from June to September, but June will still have enough volume for day traders to stick around. Just remember, most traders have likely shifted over to September today. From a […]
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 […]