After falling below the overnight lows in pre-opening trade, the S&P 500 e-mini index (ES) has bounced back into that range and the NASDAQ (NQ) index is actually up from yesterday's close. Meanwhile, the U.S. dollar has fallen off its morning highs and we're seeing higher oil prices: themes that have been contributing to stock strength. I will be watching yesterday's high prices closely to gauge whether we can continue the rally, or whether we'll begin a process of consolidation. The NYSE TICK has been a very good tell for market strength the last few days, so I'll be watching that particularly closely.
Meanwhile, this afternoon I'll be participating with Trevor Harnett of Market Delta for the Chicago trading seminar, so intraday tweets and posts will be quite limited. I'll be posting material from the conference--and Trevor will post PowerPoint slides--in the near future.
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Posts
1 comments:
Dr Brett
As you know I am a huge fan of your teaching and thank you often in these comments. Today is no exception only I have bad news and a link. I love your new book and cannot begin to say how it is helping me however fair is fair and you need the $$$ for the effort. Thats how our capitalist system works :) So heres a link to a certain type of pirate who thinks your book is free!
http://avaxhome.ws/ebooks/The_Daily_Trading_Coach.html
Sorry to be the one to tell you this but fair is fair. You help us we pay you for the effort and time you give us, thats the deal.
Thanks again for everything.
Regards
David
dmgza@yahoo.com
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