One lesson every trader needs this week
Hi Shoppers, I learned my lesson. The charts told me we were topping out on Wednesday afternoon and heading lower on Thursday. Did I take the short position? No. Because our headline-driven President was giving a speech. He comments on the market all the time. I figured he'd say something positive. The market hated what […]
And… We’re Off to the Races
Hi Shoppers, I sure hope you’ve been paying attention. Damn if I didn’t tell you where the support was! We bounced right off my S&P 500 Emini Futures support by exactly $.25!! Twenty five cents on a $6300 underlying!! I am sorry, but that is pretty damn good. Ok, I’ll stop patting myself on the […]
This Market is Total Sketch
Hi Shoppers, How are you all doing out there? It hasn't been easy, has it? I've changed my strategy in this market. My trades expire sooner and I'm adding fewer positions. I'm in and out within a day or two, then on to the next setup. This way I'm not married to a position sweating […]
Chart of the Week – S&P Mini Futures
Hi traders, Licia Leslie here with your Chart of the Week. I have to revisit the S&P 500 E-mini futures because, while the headlines look like a total disaster, the charts are telling a much more nuanced story. We just came off back-to-back days of triple-digit drops, ending the week down a massive $162. But […]
The Bounce Is Getting Shorter
Hi Shoppers, As much as the president tries to rally the stock market, it keeps heading lower. Here's the action on his latest post, extending the pause on strikes against Iran's energy infrastructure to April 6: Futures rallied 60 points in one minute and another 10 in minute two before reversing and giving back […]
Not To Ruin Your Day… But
Hi Shoppers, So who knows what exactly is going on? Anyone? Bueller? Well, someone knew exactly what was going to happen to both the S&P 500 (ES) E-mini Futures and the Light Crude Oil (CL) Futures the moment Trump made his announcement Monday morning. He was going to wait five days before bombing Iran's power […]
What if your stock picks hit 97 percent of the time
Hi Shoppers, I am pretty sure you’ve all heard about Andrew’s new scanner he is calling Sibyl. Does anyone know what that stands for? A sibyl (also spelled sibyl or Sybil) was, in ancient Greek and Roman mythology and tradition, a female prophetess or oracle who delivered divine prophecies, often in a state of ecstatic […]
Bonds Just Broke and Nobody Saw It Coming
Hi Shoppers, I last wrote about that crazy candle on the two-year bond and how it could be signaling a change in the uptrend. Well, what it signaled was mass confusion, because bonds collapsed on Friday. Here is that same chart, which is the inverse showing the yield: Here is the iShares 20+ Year Treasury […]
Something Broke in the Bond Market today
Hi Shoppers, The S&P 500 (SPY) is sitting on the same support level it has bounced from three times now. Back in November, I argued the S&P was nearing a bottom at key pitchfork support that had held multiple times Each bounce got sold. Each rally was short-lived. And this time, the test is happening […]
Which Chart Is Actually Running the S&P
Hi Shoppers, Monday's S&P 500 rally looked like the all-clear signal. Big green candle, momentum indicators turning positive, buyers stepping back in with confidence. Don't fall for it. That rally didn't happen because the stock market found its footing. It happened because oil prices dropped for a few hours after Treasury Secretary Bessent hinted the […]