June 26th, 2024
June 26th, 2024 The indexes remain in bull mode, but time is ticking against them for a mean reversion move. Momentum is stalled, as we see rotations/divergences in the indexes every day now. What does this mean for day traders and how do we trade it? Buy the strong, or short the weak. I prefer […]
June 24th, 2024
June 24th, 2024 Since the roll was completed, we are seeing a shift in market environments. The Russell 2000 is now showing signs of strength, while the NQ and ES seem to be stalling and may soon be in mean reversion. How should we, as day traders, approach this? Until I gain further clarity on […]
May 3rd, 2024
Apple Bottoms. Nothing brings the bulls back to the table like a rally in Apple. The market loves leadership by Apple, and when it’s up, the indexes are hard to fade. NFP numbers added fuel to the rally this morning as the US economy added 175,000 jobs in April, BELOW expectations of 238,000. The unemployment […]
May 2nd, 2024
Embrace the two-way tape. Neither the bears nor the bulls hold the upper hand in the short to medium-term timeframe. The market continues to prove to me that the clear direction is a two-way tape. You can either fight it and pretend that you have an edge of direction or you can embrace the fact […]
The Best Way to Trade FOMC Days
Have you ever noticed the uncanny resemblance between FOMC and FOMO? The extreme volatility makes it an enticing day to trade, because you know if you could just flip a coin and manage to play the right side there’s potential for large gains. But the reality is: Fed Day is notoriously difficult to trade, and […]
Mastering the Megaphone Pattern
Let’s strip away all of the technical indicators for a moment and just focus on one pattern: the broadening formation, AKA, the Megaphone pattern. It’s a pattern that used to show up on my worst trading days before I learned to recognize it. I’m going to share why this pattern gets most traders (and my […]
Discussing the Fed, Macro Markets and Commodities with Tracy Shuchart, Michael Green and Matt Cole
On this week’s Twitter Spaces, Tracy Shuchart hosts a discussion on the Fed, Macro Markets and Commodities with special guests Michael Green and Matt Cole. Click Here to Download Summary Register to Download PDF