March 21st, 2024 Day 2 is the reaction to Day 1. Whenever we have a Fed meeting, I always view it like this; Day 1 tends to be an overreaction, Day 2 is the response to Day 1, and Day 3 reveals if the market overreacted or if the meeting sparked a sustainable trend. This […]
March 20th, 2024 Good morning everyone; no commentary this morning as we wait for the FOMC decision later this afternoon. I will be in the chat and will write a note following the meeting with any thoughts that I may have on the market action. I am going into the meeting flat and will report […]
March 19th, 2024 Nuance: The most overlooked aspect of becoming a successful trader is finding nuance in market situations. Not all looks are the same; sometimes, there is a bit of nuance in the situation that you have to recognize to better execute your trades. Right now, the NQ is showing a minor difference in […]
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 […]