Trading
July 13, 2019
This week the SPY, QQQ, and DIA continued to log in all-time highs as market participants were pleased with what they heard out of the Fed and the potential for further rate cuts. The VXX continued to melt like an ice cube sitting outside in the summer hitting all-time lows. Looking at VIX futures contract shows an outside bar on the weekly chart with the potential now to go after April’s lows. As I stated in last week’s video the momentum continues to be to the upside on the SPY, QQQ, and DIA so sellers have the large task of […]
July 6, 2019
In case you missed it – this week marked the start to the new week, month, and quarter and the SPY, QQQ, and DIA all hit all-time highs. For the 4th straight week momentum for the SPY, QQQ, and DIA continues to be to the upside so sellers have the large task of trying to take out the prior week’s lows before we see momentum waning. The long bond gave a false sell signal earlier in the week just to end the week with a large outside bar. GLD took a breather for the week and we’ll want to see […]
June 30, 2019
The first half of the trading year is now in the books. The SPY, QQQ, and DIA closed out the quarter with an inside week. Sellers had their opportunity to drag the indices down but by mid-week, the downside momentum had waned and buyers held strong to close out the week on a strong note and melting VXX back into its previous all-time lows. This week begins the start of Q3 and we’ll want to be paying attention to see how price trades around that weekly/monthly/quarterly open. In this week’s video, we look at the technical outlook for the VXXB […]
June 28, 2019
In this presentation, I discuss the VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) challenges and some trading road rules to successfully navigate the crypto trading space. This presentation was originally delivered at the Modern Trader Summit in Montreal on June 22, 2019.
June 23, 2019
Solid gains for NA equities this past week as the SPY hit all-time highs before some profit taking and quadruple witching pin action at the end of the week. Only one trading week remains in the month and the quarter. Do the buyers have enough in the tank to keep the momentum going? As we spotlighted last week Bitcoin was the asset to watch. This week Bitcoin, as well as the entire crypto space, continued to impress as the buyers pushed BTCUSD above the 11K mark with a lot less fanfare than we had we broke above that level back […]
June 15, 2019
A quiet week for the North American equities markets with most of the major indices logging small gains. Gold has been back in play due to the geopolitical risk but one can’t help but be underwhelmed by returns especially when compared with digital gold – Bitcoin. The gold miners, however, look a lot more interesting and GDX deserves a place back on your watchlist. In this week’s video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA TLT GLD USDCAD GDX BTCUSD TOTAL UKOIL EEM XOP NFLX TWTR PFE MRK BAX XLV XLU XLP WMT and […]
June 11, 2019
With the recent bump in market volatility having a good understanding of market structure and order execution is more important than ever. In this month’s Meetup, we will look into when, why and how you might want to worry about the bid/ask spread, the order book, and all of the related market micro-structure details. How can we trade to minimize the cost of (or even profit from) a significant spread? We will address a wide range of topics such as dark vs lit order books, the advantages and disadvantages of different exchanges, shaving tactics, pairs trading, etc. As always there […]
June 9, 2019
What a difference one week can make. In last week’s video, we noted that with the new week and new month buyers had the opportunity to wrest control from the sellers and boy did they ever. Markets reversed on Tuesday and we saw major short covering for the rest of the week. If you’re a student of price and time then you had to appreciate what transpired. In this week’s video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA TLT BTCUSD TOTAL UKOIL EEM XOP MSFT AAPL MRK BAX XLV XLU XLP XLB and XLF […]
June 7, 2019
Thanks to all who joined last night’s Open Office Hours YouTube Live session. In case you missed it you can find the recording below. We spent a good portion of the session deep diving into this week’s market reversal which coincided perfectly with the start of the new week and month. Stayed tuned for the next Open Office Hours session!
June 5, 2019
Quick announcement. I’ll be running an Open office hours session Thursday, June the 6th from 9-10PM EST. I’m looking forward to connecting and helping you navigate these current markets as well as answer any questions you may have. I will be going over the nightly review process, covering the major markets and stocks, and sharing some notable Price Action lessons. Click here at 9PM to join the YouTube Live session. Don’t forget if you have any question or topics you’d like me to cover feel free drop me a line ahead to time. See you Thursday!