Another day of bumping round slightly above the daily middle band so far. A retest of the high is really just a few handles away, but much of the last few weeks have been spent watching SPX repeatedly fail to retest the all time high at the time by a few handles. There’s a nice […]
On a percentage basis, this is my second-best performing short (second only to EZPW). I’m just crazy about this analog. I can see much, much lower prices ahead.
The U.S. Dollar Index (DXY) has violated its “Dec 14 FOMC low” at 100.73, and is in route to probe important support at its prior two major 2015 peaks at 100.47 (Dec 3, 2015) and at 100.39 (Mar 13, 2015). If these levels are violated and sustained, this will argue for a deeper correction into […]
On ES I have two high probability setups looking for a retest of the high, which are the bull flag megaphone that has broken up and the failed ATH, though as ever during the last few weeks, crossing the few handles to that retest is taking a while. On SPX this is a backtesting of […]
I had an interesting experience this morning I wanted to share with everyone, particularly since by telling the story, it may save someone a panic in their own trading. I entered the day, as I always do, short a large number of individual equities. One of them was symbol FTI. On my portfolio screen (Interactive […]
The Euro has been strengthening ever since 2017 began, but it seems to me, based on the ETF shown below, that we’re up against a potential reversal point. On a semi-related point, as I’ve mentioned, I didn’t sell my DUST long position. I still believe miners will be working their way lower. In spite of […]
After a long weekend, I’m still trying to get my ducks in a row. Thus, I’ll share with you a little something which appeals to my offbeat sense of humor. There is a whole series of these, all of them with precisely the same plot.
This is going to be just a quick comment cleaner. Equities are nicely in the red for a change, with the ES down 9 as I’m typing this. Apparently Trump’s comments that the dollar is too high has sent a bit of chaos into the world, and one dark spot for me is a very […]
By Mike Paulenoff, MPTrader.com Since I am a “pattern geek,” what is the Emini S&P 500 pattern whispering to us now? That all of the action off of the new all-time high at 2278.25 established on December 13 — exactly one month ago — is taking the form of a Bullish Coil Formation, which the […]
Greetings from Long Beach, California. For those of you who might swoon with envy about the prospect of hanging out on a California “beach”, allow me to share with you the view from my 10th floor hotel window: So, yeah, it’s like hanging out at the Port of Oakland, but with less charm. All the […]