Trading Wins A Volatile Session - Market Update January 31st, 2018

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In tonight's update, Vince covers: 1) Another volatile trading session for U.S. equities but this one ends with stocks closing mostly higher. The Dow Jones Industrial Average gained 72.50 points, the S&P 500 added 1.38 points while the Nasdaq closed higher by 9 points and the Russell 2000 finished lower by 7.83 points.
2) Janet Yellen leaves rates unchanged on her way out as Fed Chair. Stocks briefly dropped after the announcement after the Fed noted that inflation expectations have been rising. There is a 90% chance of a rate hike in March.
3) It was another big day on the earnings front today as BA and EA gapped up big at the open. After-market close, we received reports from FB, T and MSFT. All three beat expectations and were trading higher in after-hours trading.
To watch video http://bit.ly/TradingWinsJan312018

Both ways by Dan Mirkin @TradeIdeas1 Jan 31, 2018

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Dan Mirkin @TradeIdeas1

Reviews Holly's Trades for Jan 31 2018

To watch video 

http://bit.ly/HollyUpdateJan312018

How can our AI technology help you?
What makes me unique:

After the market closes, I start looking at what happened today. How did today statistically affect the last 60 trading days? My AI splits the strategies up into at least 35 different concepts. Each one has a different purpose designed to help me beat the market.

I am looking at everything; long, short, cheap and expensive, fundamental, social, technical data and everything volume driven.

I take these 35 strategies and look at all the special Trade-Ideas filters to decide what I should modify to improve the outcome. After the initial Optimization process, I then teleport to Monte Carlo and redo everything again. Only then I know I am not fooling myself.

Only the strategies with a success rate above 60% and a 2:1 Profit Factor are visible to you the following day.

As the market becomes more challenging, less strategies are available and I will trade less as a result. Ultimately, I am always trading in the direction of least resistance.

To take advantage of this AI see http://bit.ly/AIHollyBZ

Morning Market Prep | Stock & Options Trading | 1-31-18

To get email updates of follow us at BullzeyeTrader.com

Rough but not unexpected.

Rough but not unexpected, is how I would describe yesterdays price action.  The 2018 bull run has been like a 5-year old hopped up on sugar and caffeine.  It’s a blast while it lasts, but the crash after it wears off can be brutal.  On the positive side, the economic markers continue to be very strong, and thus far earnings have supported this lofty level.  On the negative side, inflation seems to be heating up, and that may force the FOMC to raise interests rates beyond whats already expected.  Elevated volatility could be here to stay at least for the short term.  Price action over the next several days could be very challenging especially for inexperienced traders.  Now is the time to maybe do a little less trading, a little more trade preparation, and become very picky about the trades you take.

On the Calendar

We have a busy Economic Calendar on this last day of January.  We get going with the ADP Employment report which is looking for a private payroll number of 195.000 at 8:15 AM Eastern.  At 8:30 AM we get a reading on the Employment Cost Index where forecasters are calling for a 0.6% rise.  9:45 AM brings the Chicago PMI which forecasters are calling for a slight easing but still a very strong reading of 64.0.  The Chicago economy is at historic highs in data that goes back more than 50 years!  We get a reading on Pending Home Sales at 10:00 AM where the consensus expects a solid gain of 0.5%.  The EIA Petroleum Status comes in at 10:30 AM, and although there is no forecast, the trend suggests oil supplies will continue to decline.  The biggest report of the day will, of course, be the FOMC Announcement on interest rate policy at 2:00 PM Eastern.

Earnings reports continue to ramp up with over 150 companies reporting today.  Stay on your toes and have plans prepared for the companies you hold or are considering for purchase.

Action Plan

An ugly day for the markets yesterday with a big gap down and saw continued selling as the day progressed.  This morning futures are suggesting a bounce with the Dow currently showing about a 200 point gap up.  I have been suggesting for some time now to prepare for higher volatility, and I suspect it will make for challenging trading for several weeks to come.

As a result, expect bigger daily swings and overall point travel during the day.  Overnight reversals are common in this environment as well as intra-day whips that can be pretty dramatic.  We have several weeks so of earnings reports yet to chew through that will add to the uncertainty.  Today after the morning rush we could see the market become very choppy as we wait for the FOMC Announcement at 2:00 PM.  With overall market trends broken and so much whipped up emotion, it may be wise just to sit back and watch the show unless you are a very fast day trader.

Trade Wisely,

Doug

To Watch Video http://bit.ly/MorningMarketPrepJan312018

TraderLion Jan-31-2018 - Market Recap and Next Day Review

To get email updates of follow us at BullzeyeTrader.com

$SPX $DJIA $NDX $RUT $BKX $DJT $GOLD $OIL $SPY $QQQ $IWM $FAS $FAZ $GLD $GDX $USO $UNG $BTCUSD $GBTC $TLT $USDX $DXY #OOTT

Markets dropped sharply today as anticipated by the Volatility indicator triggering a sell signal yesterday. All major indices and most sectors were down. Is this the big decline that everyone was waiting for? Find out our thoughts on tonight's video.

To watch video http://bit.ly/TraderLionJan312018

NotJustWinning - By Dan Mirkin @TradeIdeas1

To get email updates of follow us at BullzeyeTrader.com

Dan Mirkin @TradeIdeas1

Reviews Holly's Trades for Jan 30 2018

To Watch Video http://bit.ly/HollyUpdateJan302018

How can our AI technology help you?
What makes me unique:

After the market closes, I start looking at what happened today. How did today statistically affect the last 60 trading days? My AI splits the strategies up into at least 35 different concepts. Each one has a different purpose designed to help me beat the market.

I am looking at everything; long, short, cheap and expensive, fundamental, social, technical data and everything volume driven.

I take these 35 strategies and look at all the special Trade-Ideas filters to decide what I should modify to improve the outcome. After the initial Optimization process, I then teleport to Monte Carlo and redo everything again. Only then I know I am not fooling myself.

Only the strategies with a success rate above 60% and a 2:1 Profit Factor are visible to you the following day.

As the market becomes more challenging, less strategies are available and I will trade less as a result. Ultimately, I am always trading in the direction of least resistance.

To take advantage of this AI see http://bit.ly/AIHollyBZ

Trading Wins A Sea Of Red - Market Update January 30th, 2018

To get email updates of follow us at BullzeyeTrader.com

In tonight's update, Vince covers:

1) A second straight day of selling on Wall Street as stocks closed significantly lower on higher-than-average volume. The Dow Jones Industrial Average dropped 362.59 points, the S&P 500 fell 31.10 points the Nasdaq 100 closed lower by 6.02 points and the Russell 2000 finished lower by 15.39 points.

2) More selling in the bond market contributed to the pullback in stocks as bond yields continue to rise. TLT (20 Year Treasury Bond ETF) closed lower by $0.72. Gold futures dropped 4.90 points while crude oil futures fell 1.6% due mostly to a rise in the U.S. dollar.

3) It is going to be a very busy rest of the week for the equity markets with a lot of news to digest. This evening there's the President's State of the Union Address followed by the FOMC meeting announcement tomorrow afternoon and a slew of major earnings announcements on Thursday by the likes of Apple, Amazon and Google.

To watch video http://bit.ly/TradingWinsJan302018

Morning Market Prep | Stock & Options Trading | Jan 30 2018

To get email updates of follow us at BullzeyeTrader.com

The bears woke up!

The bears woke up.  We all knew the day would come when the bears would launch a full-scale assault.  Unfortunately, they used the cover of night to attack making it difficult for the retail trader.  As bad as it may initially seem let’s keep in mind good earnings are continuing to come in, and the bulls are unlikely to give up easily.

Those who chased stocks that were well within their run will suffer the most this morning.  Those that took profits along the way and reduced the number of positions held will likely experience some losses today but it should not too punishing.  It would not be at all out of the question to the Bulls mount a strong defense after the open.  Keep in mind the buy the dip crowd could rush in creating a short squeeze.  Although the this is the very first bearish follow-through day of 2018, remember it’s not the open that matters it’s how we close the day that does!

On the Calendar

Tuesday’s Economic Calendar starts off with the beginning of the 2-day FOMC meeting.  It’s the final meeting with Yellen at the helm.   At 9:00 AM Eastern the Case-Shiller report is expected to show a solid 0.6% gain.  The consensus is for the unadjusted year-on-year rate to come in at 6.4%.  Consumer Confidence is out at 10:00 AM is exp[ected to come in at 123.4 up slightly from the December reading of 122.1.  We have an another 10:00 AM report on Investor Confidence which is unlikely to move the market, a couple of bond auctions and Farm Prices report at 3:00 PM.

On the Earnings Calendar, there are just over 110 companies reporting today.  Before the bell, we will hear from PFE and MCD after the bell JNPR steps up to report.

Action Plan

The Bears decided to make an appearance yesterday closing all four of the major indexes lower on the day.  Technically the DIA got the worst of it closing below the Monday’s strong candle.  SPY and the QQQ faired much better only producing inside candles while IWM closed near the low of its consolidation pattern.  Unfortunately, the Bears waited to mount their full-on attack in the overnight session pushing the Dow futures down more than 200 points.  As I write this, the bulls managed to recover some of the overnight losses, but currently, the Dow Futures point to a gap down of 150 points.

It would appear that at the open we will see the very first follow through by the Bears this year.  Keep in mind this is earnings season, and the bulls are not likely to give up easily.  Although this may be a painful morning, try not to panic and keep in mind a strong whipsaw rally is possible assuming earnings continue to come in strong.  Remember the first move lower from a top is not where the real selling is likely to occur.  Expect some fast price action this morning as volatility spikes at the open.  We all knew this day was likely to come and that is why we plan.  Avoid making emotional decisions follow your plan.

Trade Wisely,

Doug

To watch video http://bit.ly/MorningMarketPrepJan302018

TraderLion Jan-30-2018 - Market Wrap and Next Day Review

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$SPX $DJIA $NDX $RUT $BKX $DJT $GOLD $OIL $SPY $QQQ $IWM $FAS $FAZ $GLD $GDX $USO $UNG $BTCUSD $GBTC $TLT $USDX $DXY $OOTT $TZA

 

With the strong downturn today across the main indices, the volatility indicator triggered a new sell signal. The timing of the signal aligns well with the PC ratio sell window also indicating some more downside momentum may be ahead. However, there is another side to the story that is keeping us bullish. What are we seeing for the bull case? Find out in tonight's video.

To watch video http://bit.ly/TraderLionJan302018

Trading Wins A Blip On The Radar - Market Update January 29th, 2018

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In tonight's update, Vince covers:

1) U.S. equities had their worst day of the year but is it any reason for concern? The Dow Jones Industrial Average dropped 177.23 points, the S&P 500 fell 19.34 points while the Nasdaq closed lower by 39.27 points and the Russell 2000 finished lower by 9.95 points.

2) Bonds were the real story on Wall Street today as the yield on the 10-year benchmark bond broke above 2.7%. This could continue to put pressure on equities and could cause a significant sell-off if the yield on the 10-year bond rises above 3%.  

3) Today's trading session is the type that can instill fear into traders and cause them to pause but it is also the type of session that can provide many opportunities to profit. Here's the one technique you can use to find new opportunities.

To watch video http://bit.ly/TradingWinsJan292018

Morning Market Prep | Stock & Options Trading | Jan 29 2018

To get email updates of follow us at BullzeyeTrader.com

Runway Bullishness?

I have only seen runaway bullishness like this during the Tech Bubble of the late 1990’s.  I am not suggesting the current rally is a bubble, in fact, I don’t think we should compare to 2-events at all.  I only point this out that bullish exuberance has proven it can last for years.  I like many others believe the market is very extended and could benefit from a good pullback.  However, just because we might think it should happen does not mean that it will.

The Tech run up lasted years and had far less backing than the current rally.  This time companies are actually making money!  If earnings continue to support these high prices then perhaps we go higher still.  Don’t fight the trend but be prepared with a plan when the reversal does occur.  It could happen today or years from now, but if you’re complacent and unprepared the consequences could be painful.

On the Calendar

The last week of January 2018 Economic Calendar begins with Personal Income and Outlays at 8:30 AM Eastern.  Personal Income is seen rising 0.3% while the consumer is expected to decline this month 0.5%, but overall remains very strong.  The PCE index expects to improve just 0.1% with a  year-on-year reading of 1.7%.  Excluding food and energy, the core number is seen up 0.2% for a yearly rate of 1.6%.  At 10:30 AM is the Dallas Fed Mfg. Survey which is expected to remain very strong but this report is very unlikely to move the market.    After that, we have 3-bond related announcements and auctions.

Earnings season ramps up this week with lots of potentially market-moving reports.  Stay on your toes as a volatility increase is likely.  There are 75 companies reporting today with LMT and STX before the bell and RMBS and PFG after the bell.

Action Plan

Last Friday the bulls were out in force producing yet another gap up run day.  The DIA, SPY, and QQQ all closed at record highs.  The Dow closed above 26,500, that a 1500 point rally in just 16 trading days.  Truly remarkable bullishness with seemingly no fear of a pullback.  IWM was unable to set a new record on Friday choosing instead to rest in a consolidation pattern.  The VIX had slight decline but held onto the 11 handle at the close.

There can be no doubt that the bulls are in control and the overall market-trend continues higher.  With so many stocks well within their run higher, it makes it increasingly difficult to find low-risk entry trades.  Guard yourself against being caught up in the emotion and chasing into trades.  As I write this, the Futures are suggesting a lower open, but there are still a lot of earnings report and economic news ahead of the open that could change that.  As we wind down January earnings will be front and center as the bulk of reports will come in over the next few weeks.  Expect higher volatility with whipsaw price action as companies prove whether or not these market prices can be justified.

Trade Wisely,

Doug

To watch Video http://bit.ly/MorningMarketPrepJan292018

TraderLion Jan-29-2018 - Weekend Edition - Equity, Sectors & Earnings

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$SPX $DJIA $NDX $RUT $BKX $DJT $SPY $QQQ $IWM $FAS $FAZ $FB $AMZN $NFLX $GOOG $AAPL $TSLA $GS $JPM $BAC $WMT $DIS

The markets continued their bullish ways as most markets are trading within set defined channels. The market this week was held back based on how the Dow Transports continue to perform. With so many key earnings coming out this week, does it make sense to turn bearish? We share our thoughts on what to expect. Find out more as we cover our market breadth indicators & the main US markets with their underlying sectors. We wrap up with upcoming earnings for this week and key economic events to have you prepared for your trading week ahead.

To watch video http://bit.ly/TraderLionJan292018

Trading Wins Market Update January 28th, 2018 Key Jobs Number

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In tonight's update, Vince covers:

1) Another very strong week for stocks and another record high close on Friday. The Dow Jones Industrial Average gained 233.92 points, the S&P 500 added 33.62 points while the Nasdaq 100 closed higher by 94.61 points and the Russell 2000 finished higher by 6.39 points.

2) Weekly charts can be very beneficial for traders and should be used regularly. They provide a great balance between the short and long-term view for any Market. In today's video, we look at the weekly charts of gold, crude oil and the U.S. dollar.

3) Last week was a huge week for earnings announcements as will be this week. It will, however, be and even bigger week for economic data reports ending with the always important Employment Situation report.

To Watch Video http://bit.ly/TradingWinsJan282018

TraderLion Weekly Trade Update Jan 26, 2018

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In this edition of Weekly Trade Update, we review open & closed trades from this past week including $PTCT, $MELI, $ABBV, $AABA, $ROKU, $GOOS, $ILG.

To watch video http://bit.ly/TraderLionWeeklyUpdateJan262018

Trade Ideas Podcast Episode 49, "Does She Go?" — January 26, 2018

To get email updates of follow us at BullzeyeTrader.com

So does Holly go, is she a goer? In this episode of Trade Ideas, Sean (@ChicagoSean) and Jamie (@QuantBot) talk using Holly’s AI picks for swing trades and Sean’s new series of posts tracking her swing picks. We’re just off the biggest Test Drive we’ve ever had, thanks to all the participants for making it a success! Between the Test Drive and our Annual meeting, Trade Ideas is in an exciting position and the team is looking forward to 2018.

To Listen to podcast http://bit.ly/TIPodcastJan262018

Morning Market Prep | Stock & Options Trading | Jan 26 2018

To get email updates of follow us at BullzeyeTrader.com

Focus on price action.

The last couple days of trading the bears have reminded us that they are still lurking about looking for weaknesses.  Even though their testing has not yet yielded much in the way of results, it’s been a good reminder to focus on price action for clues of their attacks.  It’s noteworthy that as the market continues to march higher, the VIX has slowly crept up as well.  As of now the bulls are in control, but there is a good reason to have a heightened awareness if the bears continue to test the battle-line.  Friday’s have lately been very strong, and I suspect the bulls will fight hard to do the same today.  As this bull run gets very long in the tooth don’t forget to take some profits to the bank.

On the Calendar

We have three important reports on the Economic Calendar this Friday all coming in at 8:30 AM Eastern.  The Durable Goods consensus expects a 0.6% gain with ex-transportation also seen up a solid 0.6%.  The Core Durable Goods orders are expected to come in at 0.5% which is also very strong.  Next, we have the first GDP estimate for the fourth quarter that is expected to decline just slightly to 2.9%  Consumer spending is expected to have a strong showing rising to 3.6%.  Then comes the International Trade in Goods deficit is seen narrowing slightly to 69.0 billion vs. the 70.0 billion in November.  After that, we have three additional reports that are not expected to move the market.

We get a little Friday break on the Earnings Calendar only showing 44 companies reporting results today.  Next week will be a very busy week with over 500 companies scheduled to fess-up on earnings.

Action Plan

Yesterday it was the DIA doing all the heavy lifting setting a new record high as a result of the great earnings out of CAT and MMM.  The SPY, QQQ, and IWM all decided to take a little rest yesterday that at one point threatened to slip south.  However, the bulls stepped in just before it became critical buying lifing them back into a safe zone.  Overall uptrends continue to hold, and the bulls remain in control.

The new normal seems to be that every day the bulls pump up the Futures markets and today is no different.  Currently, the Dow Futures are pointing to more than a 50 point gap up that could print above 26,500.  Both the QQQ’s and the SPY are also indicating the possibility of new record high prints at the open. What an amazing bull run!  Stay with the trend because it has without question been our best friend since the beginning of the year.  Remember Friday is a very good day to bank some profits ahead of the weekend.

Trade Wisely,

Doug

To watch video http://bit.ly/MorningMarketPrepJan262018

Trading Wins Optimism and Momentum - Market Update January 25th, 2018

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In tonight's update, Vince covers:

1) Today was another example of what's become an unstoppable combination in the markets. Once again optimism and momentum helped stocks close mostly higher. The Dow Jones Industrial Average gained 146.67 points, the S&P 500 added 1.71 points while the Nasdaq 100 closed just 3.89 points lower and the Russell 2000 finished higher by 2.06 points.

2) Earnings season picked up steam today as CAT and MMM reported much better than expected earnings before market open while INTC, SBUX and WDC dominated the after-hours trading session.

3) Technicals will usually trump news. In fact, sometimes a news story can help create a technical set up on a stock. TSLA could turn out to be a perfect example of that in the days ahead. In tonight's video, we take a look at the chart.

To watch video http://bit.ly/TradingWinsJan252018

TraderLion Jan-26-2018 - Market Recap and Next Day Review

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President Trump wants a stronger greenback and the markets agree.

$SPX $DJIA $NDX $RUT $BKX $DJT $GOLD $OIL $SPY $QQQ $IWM $FAS $FAZ $GLD $GDX $USO $UNG $BTCUSD $GBTC $TLT $USDX $DXY

Markets bounced back in the last few hours of trading as President Trump clarified comments about the US dollar that made earlier by Treasury Secretary Mnuchin at the World Economic Forum in Davos. However, what is falling under the radar is the continued deterioration of the Dow Jones Transports that no one is looking at. What new signals are we seeing from this important underlying index? Find out in tonight's video.

To watch video http://bit.ly/TraderLionJan262018

Right Way Options Morning Market Prep for Jan 25 2018

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Filling the gap.

The market has gone up so long, and so strongly it’s shocking when we see a quick reversal filling the gap.  It was likely a painful wake-up call for some traders, which complacently chased the morning gap.  As bad as it may have seemed the market up-trend did not break.  The bulls are still in control, but we must always remember that the bears can attack at any time.  We must always be focused and prepared.  As earnings continue to roll out increased volatility is possible.

On the Calendar

The Thursday Economic Calendar gets going at 8:30 AM with the weekly Jobless Claims.  Consensus has the number coming in around 240K and continuing to be considered full employment.  At 10:00 AM is New Home Sales is forecast to come in with a  very solid 680,000 annualized rate.  Other than that we have several lessor reports that are very unlikely to move the market as well as several bond related actions.

The Earnings Calendar hits its high point for the week with over 160 companies stepping up to report.  Make sure you are checking reporting dates and have a plan that protects your capital.

Action Plan

New record high prints across all 4-major indexes with the futures gapped the markets higher at the open.  Chasing the gap bulls seem to rush in pushing the Dow up nearly 170 points in the early session.  But then the market seemed to run out of gas selling off and filling the gap which is something we have not seen for a long time.   The last two months alone have left many unfilled gaps behind due to the strength of this bull run.  It serves as good reminder that the market can quickly change character.  Traders have to always be on their toes and ready to quickly adapt to the changing condition.  A focus on price action is the first best place to see conditions shift.  Price is always the best leading indicator.

After filling the morning gap, the buy the dip traders rushed back keeping the uptrend intact.  Futures are once again pushing for a gap up open.  The bull will not give up this fight easily especially with the expectation of very good earnings reports.  However, yesterdays price action is a clue that increased volatility, and quick reversals are possible during earnings.  If you’re in the market, always stay focused and never let your guard down.  Complacency is an account killer!

Trade Wisely,

Doug

To watch video http://bit.ly/MorningMarketPrepJan252018