TraderLion March 1-2018 - Market Recap 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

The indices continued with another day of selling on Wednesday as every single index broke key trendline support. In addition to that, the Volatility indicator is now on the brink of another SELL signal. Plus, we're starting to see a few underlying indices start to rollover ahead of the main markets. Is there any wonder why the weight of evidence suggests more downside? We cover all this and more in tonight's video.

To watch video http://bit.ly/TraderLionMar012018

Trading Wins Ouch! That Hurt - Market Update February 28th, 2018

In tonight's update, Vince covers: 1) Small caps led the way as stocks experienced another sell-off and are in real danger of trading much lower. The Dow Jones Industrial Average dropped 380 points, the S&P 500 fell 30 points while the Nasdaq 100 closed lower by 57 points and the Russell 2000 finished lower by 24 points.
2) Bonds traded slightly higher today with the 10-year treasury note yield trading at 2.866 and TLT (20+ Year Treasury Bond Fund) closing higher by $0.75 at $118.75. Gold Futures managed a small gain despite the strength in the U.S. dollar while Crude Oil Futures closed significantly lower.
3) As another month comes to an end it is time to check the monthly charts for potential setups and patterns. In addition to the monthly charts, there are two other items to look for that could be red flags for the four main equity indexes.

To watch video http://bit.ly/TradingWinsFeb282018

Morning Market Prep | Stock & Options Trading | 2-28-18

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Adapt to the change.

Up 400 points Monday and reverse it on Tuesday is the very definition of extreme volatility in my opinion.  Consequently, we must adapt to the change.  I suggested that the February selloff would require weeks if not months to resolve itself before we could get back to normal activity.  Traders often fail to recognize and adapt when the market suddenly changes character.  We try to trade at the same level of intensity as when volatility was low, and the market was trending.  Everything that had been working so well is now handing out losses and frustration.  Long story short, adapt your trading to the new normal or continue to have you account chopped up and your confidence destroyed.  You’re the boss; the responsibility rests with you.

On the Calendar

Wednesday is another big day on the Economic Calendar.  It gets going at 8:30 AM Eastern with the latest reading on GDP which consensus suggests will decline slightly by 0.15 to 2.5% annualized.  Consumer spending is expected to slip 0.1 percent to 3.7% with the GDP price index coming in at a 2.4% rate.  At 9:45 is the Chicago PMI lead by a 6-year high for employment is expected to come in with a solid 65.0 reading.  Pending Home Sales at 10:00 AM is expected to see a moderate gain of 0.3 percent today according to consensus.  To round out the calendar for today, the EIA Petroleum Status Report at 10:30 AM is not forecast but had a nice decline in supplies bolstering oil stocks.

On the Earnings Calendar, we are expecting more than 190 reports today.  I know this season seems to be dragging out forever but remain vigilant checking reporting dates and preparing a plan to deal with them professionally.

Action Plan

Yesterday I suggested preparing for the potential for a bumpy day and sadly that turned out to be correct.  Our new Fed Chairman said the Economy is improving but suggested the possibility of adding one more rate increase is possible if the improvement continues.  As a result, the Market reversed Monday’s nice bullish rally leaving behind some nasty looking bearish engulfing patterns.  The VIX, in fact, did bounce off of the 50-day average and price support that I pointed out as possible yesterday.

A bearish engulfing suggests a lower low print is likely today however with the indexes all above the 50-day average it’s entirely possible they could soon find some support at least temporarily.  Currently, futures are pointing to flat to slightly bearish open.  I see that as a very good sign because we could have easily been staring at a large gap down at the open today.  I’m expecting choppy price action today as the bulls and bears battle for control around the 50-day average.  Remember with volatility, so high anything is possible.

Trade Wisely,

Doug

To watch video http://bit.ly/MorningMarketPrepFeb282018

TraderLion Feb-28-2018 - Market Recap 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

Powell's testimony brought volatility back as the bears seized the moment putting the bull case on high alert. All is not lost as we are still holding key levels but there is concern that the indices can tip either way. We're getting both bull and bear signals. Want to know what looks bullish and what looks bearish? You will by watching tonight's video.

To watch video http://bit.ly/TraderLionFeb282018

Trading Wins Market Update Feb 27 2018

In Tonight's Update: 1) Comments from Jerome Powell, the new Federal Reserve Chair, suggest we may see 4 rate hikes this year causing stocks to close significantly lower. The Dow Jones Industrial Average dropped 300 points today, the S&P 500 fell 35 points while the Nasdaq closed lower by 91 points and the Russell 2000 finished lower by 22 points. 2) U.S. Treasury yields moved sharply higher after Powell's comments with the 10-year note hitting a high of 2.915 before settling back down at 2.898. Crude oil Futures also fell closing $1.02 lower while Gold Futures dropped $13.00 due mostly to strength in the U.S. dollar. 3) Amazon (AMZN) does it again. This time they are moving into the home security space. Earlier today, AMZN announced a buyout of the digital doorbell maker Ring. The deal is expected to be worth a little over $1 Billion.

To watch video http://bit.ly/TradingWinsFeb272018

TraderLion Feb-27-2018 - Market Recap 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

We review the bull case discussed during the weekend review to recap the signs we saw ahead of time to anticipate this move to the upside. And with this move, not only did we hit current targets, we now have the confirmation required to set up new bullish targets on most indices. How high do we think we are going to go? You'll have to watch tonight's video to find out - and you don't want to miss it.

To watch video http://bit.ly/TraderLionFeb272018

Trading Wins Another Bullish Signal - Market Update

$BA $JPM $AMZN $ADBE $NFLX $AAPL

In tonight's update, Vince covers: 1) U.S. equities had another big day and are now only 3% off their all-time highs. The Dow Jones Industrial Average gained 400 points, the S&P 500 added 32 points while the Nasdaq 100 closed higher by 84 points and the Russell 2000 finished higher by 10 points.
2) It was a quiet day for bonds and the yield on the 10-year treasury bond traded at 2.865%. Gold Futures managed to gain $4.50 while Crude Oil Futures added another $0.47 and could continue to post substantial gains.
3) The equity market had a very strong day today but that wasn't the only bullish signal. Several big-name stocks in different industry groups hit new all-time highs today and more importantly confirmed that a double top formation is no longer possible.

To watch video http://bit.ly/TradingWinsFeb262018

Morning Market Prep Feb 26 2018

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Be careful not to chase.

Another day and yet another triple point gap indicated by to the Dow Futures.  Be careful not to chase!  One of the many issues I struggled with as an inexperienced trader was getting caught up in the drama of the market.  I would watch all the financial news with the exaggerated headline graphics and talking heads touting their market greatness and lose all sense of discipline.  Que the dramatic bumper music.  I would see the futures pointing to a big gap up and jump headlong into the shark-infested waters.

After getting my fair share of shark bites and losing more capital than I care to remember if finally learned a few very painful lessons.  Trading plan and trading rules are there to protect you from you.  However, they only work if you learn to ignore the drama and develop the discipline to follow them.  After 13 years of supporting my family as a full-time trader, I can confidently say it’s my discipline to follow my plan that has made me successful.  Are you following your plan or are you allowing the drama of the market control your destiny?

On The Calendar

The last week of February begins with a busy week on the Economic Calendar.  The very important New Home Sales number come out at 10:00 AM Eastern as is expected to weaken but matain its strong rising trend with at print of 600K.  At 8:30 AM is the Chicago Fed National Activity Index and at 10:30 comes the Dallas Fed Mfg. Survey, but neither is expected to move the market.  We round out the today’s calendar with three bond related events.

We also have another busy week on the earnings calendar as this earnings season continues to drag forever.  Today there are over 12o companies expected to report earnings today.  Always be prepared.

Action Plan

On Friday afternoon last week, the price action started to indicate improvement and give the appearance of holding support.  The Dow managed to close above the psychological 25k level as well as hold above the 50-day average.  The SPY also showed bullish strength above the 50-day average, and even the beleaguered IWM managed to close a few ticks above this important average.  The QQQ continued to matain market leadership and closed Friday within striking distance of all-time resistance highs.

Unfortunately, it looks as if this gap-happy market will continue this morning as with the Dow Futures suggestion it will open about 150 points above Friday’s close.  With VIX pulling back to test price support and the 50-day average be careful not to get caught of in morning drama and chasing into the gap.  Keep in mind that price volatility remains high and the big intraday reversals we experienced last week are still possible.  Stick to your plan and stay disciplined to your rules.

Trade Wisely,

Doug

To watch video http://bit.ly/MorningMarketPrepFeb262018

TraderLion Feb-26-2018 - Weekend Edition - Markets, Sectors & Earnings; Oil, Gold, Nat Gas, Bonds & USD; Cryptocurrencies

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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

For the second week in a row, sentiment has made a strong shift in the opposite direction, this time giving us bullish signals. Combine that with Friday's price action leading to potential bullish setups on several indices plus the additional signals from our market breadth indicators and you are able to build a convincing bull case for a continued move higher. But before we get ahead of ourselves, what are the key levels we're eyeing to provide us further confirmation? Find out on this weekend edition 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/TraderLionFeb262018

$TLT $SPY $QQQ $IWM $USDX $DXY $GOLD $OIL $GLD $SLV $USO $UNG $GDX $XOM $CVX $BP #OOTT

Commodities look to be getting a second life here as we see the potential for short-term upside. On the flip side, bonds are setting up in a manner that could be bullish for equities. What are the charts telling us? Find out in this weekend's update.

To watch video http://bit.ly/TraderLionONGFeb262018

$BTC $GBTC $ETH $BCH $LTC $XRP $IOTA $TRON $ADA $XLM $DASH

Bullish targets were hit earlier in the week in LTC as it appears to be the strongest of the bunch that we are tracking. Excellent volume signatures combined with solid price action provides the potential for further upside move if it is able to break above key levels. What about the other cryptos? You'll have to find out in this weekend's crypto update.

To watch video http://bit.ly/TraderLionCryptoFeb262018

Trading Wins New Bull Phase? - PRO Market Update

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$AAPL $GOOGL $CAKE $P $JACK $ROKU

In tonight's update, Vince covers: 1) Interest rates pulled back on Friday which gave U.S. equities a boost. The yield on the 10-Year Treasury Bond fell to 2.867%. The Dow Jones Industrial Average gained 347.51 points, The S&P 500 added 43.34 points while the Nasdaq 100 closed higher by 127.31 points and the Russell 2000 finished higher by 19.20 points.
2) Bonds bounced again and the weekly charts suggest we may see more upside near-term. Gold Futures remained flat but Crude Oil Futures continued to show strength and should see more upside this week. The U.S. dollar could go either way near-term but is showing plenty of support on the monthly chart.
3) This will be another big week for news with several major economic data reports due to be released. Among them will be the New Home Sales report, Durable Goods Orders, Consumer Confidence, Jobless Claims, Money Supply and Consumer Sentiment.

To watch video http://bit.ly/TradingWinsFeb252018

Trade Ideas Podcast Episode 53, "Get the Worm"

Jamie @QuantBot is joined by TI founder Dan @TradeIdeas1 for today’s session. Learn how Why Trade Ideas can open your eyes to a different way of getting market information. In the last podcast, Michael Nauss revealed the importance of being an early technology adopter. The early adopters of Trade Ideas AI—the 1st and only AI for retail investors—have the advantage.

To Listen http://bit.ly/TIPodcast53Feb232018

Sign up for this great software at http://bit.ly/TIPricing

Morning Market Prep Feb 23 2018

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Patience

We have all heard the phrase; Patience is a Virtue.  For the swing trader patience is a difficult but very import skill that each of us must learn to master.  To be successful in this business, we wait for the proper combination of patterns, price action, volume and volatility that provides us with an Edge.  That sweet spot where risk is acceptable and probabilities move in our favor.  Patience is also a test of endurance because the longer we wait, the harder it is to maintain the discipline of being patient.

The fact is traders just want to trade, but if we trade, without an edge, out capital is ripped from our accounts and given back to Mr. Market.  I won’t speak for you, but I think I deserve my capital much more than that Mr. Market.  Consequently, it’s essential that I master the skill of patience and develop endurance to wait for my Edge!  Are you willing to endure the wait or will you turn your capital over to Mr. Market?

On the Calendar

It would seem this Friday on the Economic Calendar is an FOMC speaker day.  At 10:15 AM Rosengren and Dudley speak with Mester at 1:30 PM and Williams ending the day at 3:40 PM.  The Baker-Hughes Rig Count at 1:00 PM is the only economic report today, and it is not expected to move the market.

We also get a break on the Earnings Calendar today with only 56 companies reporting.  The vast majority of the earnings reports occur before-the-bell.

Action Plan

We started the day with some bullish energy, but once again the bears mounted a counter-offensive that left all but one index seeing red.  At one point during the day, the Dow was up more than 300 points but gave nearly half of it back and once again closing below that big round number 25,000. The SPY ended the day in the red, closing below the 50-day average as did the IWM.  Yesterday was the 3rd attempt in as many days for the SPY and the DIA to break through the 50 but thus far been rejected.  The IWM has experienced the rejection of the 50 SMA, 4-days in a row.  Even the QQQ, the strongest of the four indexes could on hold on to a positive print at the close.

While all that seems pretty bearish, there is a glimmer of bullishness because all four of the indexes are at least for now holding above significant price support levels.  The choppiness of the price action has made trading extremely challenging if on impossible except for the very fast intra-day traders.  By in large earnings reports continue to come in positive as does most of the Economic Reports.  As I write this, the Dow Futures are pointing to a gap up of more than 100 points, adding to the choppy confusion.  What all this means to me as a swing trader is that I have to continue to patiently wait until the intra-day volatility subsides and a discernable edge can be defined.  Long or short doesn’t matter just show me a direction.  Have a great weekend.

Trade Wisely,

Doug

To watch video http://bit.ly/MorningMarketPrepFeb232018

TraderLion Feb-23-2018 - Market Recap 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

Markets endured another mid to late day sell-off with the main indices barely staying positive. The movement to the downside currently favors the bears as it appears selling pressures have been controlling the market for the past few trading days. Is there a chance we rally from here or is it watch out below yet again? We share our thoughts on tonight's video.

To watch video http://bit.ly/TraderLionFeb232018

Trading Wins Hanging By A Thread - Market Update February 22nd, 2018

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$AAPL $GOOGL $CAKE $P $JACK $ROKU

In tonight's update, Vince covers:

1) U.S. Equities closed mixed today after yet another significant reversal. The Dow Jones Industrial Average gained 164.70 points, the S&P 500 added to 2.63 points while the Nasdaq 100 closed lower by 8.14 points and the Russell 2000 finished lower by 1.85 points.

2) The yield on the U.S. 10-year Treasury Bond pulled back slightly today trading at 2.922 which is most likely why the equity market didn't experience a steeper sell-off. Gold Futures closed higher by $1.80, Crude Oil Futures gained a little over 1.50% while the U.S. dollar traded lower and formed a bearish engulfing pattern signaling the potential for more downside.

3) As part of our ongoing continuing education program, we will be holding a class on our Voracity trading system for Tactical Trader tomorrow February 23rd at 10 a.m. eastern. Everyone is welcome to attend this free event. To register please visit tradingwins.com/voracity.

To watch video http://bit.ly/TradingWinsFeb222018

Morning Market Prep Feb 22 2018

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Volatility is High

The bulls and bears are locked in a vicious battle for control.  Volatility is high, price moves are fast, and complete reversals happen in the blink of an eye.  I have suggested several times that the selloff would take weeks if not months to resolve and to guard yourself against being chopped up during such times.  I have continued to suggest caution and be patient.  I suggested if you do trade, then trade smaller than normal positions and be prepared for fast and whippy price action.  As a result, I have received some negative and very critical comments.

I am an unapologetic picky trader because I have learned the hard way that a market such as this can chop an account to pieces.  I’ve been there, done that and allowed the market to take back some or all of my hard earned profits.  I want to remind everyone once again that you don’t have to trade every day to be a successful trader.  Protect your capital.  Trust me on this that good trading will one day return.  The question is will you still have the capital and the confidence to take advantage of it when it does.

On the Calendar

Thursday’s Economic Calendar gets going at 8:30 AM with the Jobless Claims report.  Consensus expects claims to come in unchanged this week at 230,000.   At 11:00 AM is the EIA Petroleum Status report and has no forward-looking forecast but is trending toward rising supplies.  There are three Fed Speakers at 10 AM, 12:10 PM and 3:30 PM to discuss the market sensitive issue of rising interest rates.  We also have several reposts that are very unlikely to move the market such as Consumer Comfort, Leading Indicators, Kansas City Fed Mfg. Index, Fed Balance Sheet and Money Supply.

On the Earnings Calendar, we have more than 250 companies reporting today.

Acton Plan

The bulls seemed to be back in charge yesterday with the Dow rising more than 300 Points after the Fed Minutes were released.  However, the bears suddenly returned and in the market fell more than 450 points from its high.  When the Dow has a point travel of more than 750 points over the course of the day, swing traders struggle.  What seems like a good entry signal can quickly reverse and deliver a painful loss to even the best swing traders.

The SPY, DIA and the IWM are displaying the possibility of a Blue Ice Failure pattern.  Adding confusion is the Futures that continue to flip back and forth delivering daily gaps and often reversing the closing direction.  As I write this, the Dow Futures are pointing to small gap up, but that amounts to more than a 175 point reversal of yesterdays close.  Trading during times like this will rob you of not only capital but also take your confidence.  As a result, I will continue to repeat, that cash is a position and that you don’t have to trade every day to be successful.

Trade Wisely,

Doug

To watch video http://bit.ly/MorningMarketPrepFeb222018

TraderLion Feb-22-2018 - Market Recap and Next Day Review

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Fed minutes catalyst for the turn lower.

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

The markets were humming along after the Fed minutes were released when all of a sudden, we started to get a sell-off across the main indices. What was once bullish now appears bearish and the rest of the indices that were bearish now have further confirmation that more downside may occur. Where do we think the markets are headed? Find out in tonight's video.

To watch video http://bit.ly/TraderLionFeb222018

Daily Trading Room Recap

Sign up FREE at http://bit.ly/TIDailyReCap for the Trade-Ideas Daily Recap Video by our Support Forum and Trading Chat Moderator, Barrie Einarson to be emailed to you every day showing you the exact trades he engaged in during the day. Here is the latest video.

Please consider sharing with like minded people and following my blog.

Trading Wins After-Hours Trading - Market Update February 21st, 2018

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After-Hours Trading - $AAPL $GOOGL $CAKE $P $JACK $ROKU

In tonight's update, Vince covers: 1) Fed minutes pointing to more rate hikes and the 10-year bond yield hitting four-year highs cause a huge swing for Equity markets. The Dow Jones Industrial Average dropped and 166.97 points, the S&P 500 fell 14.93 points while the Nasdaq 100 closed lower by 16.08 points and the Russell 2000 finished higher by 1.84 points.

2) Another big day for the U.S. dollar as it moved back above the 90 level making the potential of a double bottom much more likely. This put more pressure on Gold Futures while selling in the Bond market intensified. Crude Oil Futures also finished the day lower. 3) Earning season is still in full swing and several companies that reported this afternoon are dominating the after-hours trading session. Jack In The Box and Pandora are trading higher while Cheesecake Factory and Roku are trading significantly lower.

To watch video http://bit.ly/TradingWinsFeb212018

TraderLion Feb-21-2018 - Market Recap 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 $WMT #OOTT

With $WMT missing earnings, downward pressure was on the indices from the open. The markets did rally holding positive for a brief moment but ultimately closed lower confirming technical bearish levels on their daily candlesticks. However, it's a bit of a mixed bag in terms of which indices look bullish versus which look bearish. What's the best way to tackle this market? Find out in tonight's video.

To watch video http://bit.ly/TraderLionFeb212018

WMT Leads Sell-Off - Market Update February 20th, 2018

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In tonight's update, Vince covers: 1) WMT stock tanked after reporting disappointing earnings and took the rest of the market with it. The Dow Jones Industrial Average lost 254.63 points, the S&P 500 gave up 15.96 points while the Nasdaq 100 closed lower by 5.16 points and the Russell 2000 Finish Lower by 13.42 points.
2) Bonds resumed their downtrend today, TLT (20+ Year Treasury Bond ETF) closed lower by $0.52 to close at $118.19. Crude oil Futures managed to gain just $0.09 while Gold Futures dropped significantly and finished the day lower by $23.40. This was mostly due to a strong performance by the U.S. dollar which closed sharply higher compared to a basket of six other currencies.
3) Can the NASDAQ save this market? After today's sell-off, with three out of the four main Equity indexes failing to clear their 20-period simple moving averages, it looks as though the Nasdaq may be our last hope.

To watch video http://bit.ly/TradingWinsFeb202018

Morning Market Prep Feb 20 2018

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Healthy Price Action

The morning the bears seem to have returned with a vengeance on their mind.  The Dow Futures are pointing to a substantial gap down it will likely punish those that chased into a 6-day rally at resistance.  While many might see this move as a negative, I view it as a sign of healthy price action.  In fact, a pullback after such a strong relief rally could be just what the doctor ordered if the bulls can defend a higher low.

I have said several times that this selloff would likely take several weeks to resolve itself.  If the bull can hold a higher low or develop a level of consolidation our swing trading Edge is likely to return.  However it the bears gain the upper hand watch for a retest of the February lows.  I know this is a biased statement, but I think the economic data and the strong earnings results will support the bulls.  However, as always I will not try and predict I will patiently watch and wait for proof in the price action that buyers have regained control.

On the Calendar

We begin this four-day trading week with a very light Economic Calendar this Tuesday.  Between 11:30 AM and 1:00 PM there are 4-bond auctions which both begins and ends the economic calendar today.

On the Earnings Calendar, we have more than 160 companies reporting results.  The first quarter earnings season seems to spread out forever.  This year we will well into March before it draws to a close.  Checking earnings against current holdings or companies, you plan to buy is a daily habit a trader should build into each day as part of your preparation.

Action Plan

Thursday and Friday left behind cautionary candle patterns in the DIA, SPY and the QQQ.  The hanging man pattern and the shooting star pattern near the 50-day average on the DIA and SPY are the most concerning.  A failure at or near the 50-day average would raise concerns of a possible retest of February lows.  However, if the bulls can manage a hold a higher low or build a level of consolidation, it could finally calm the market volatility and bring back a swing traders edge.

Today the Dow Futures are pointing to about a 200 point gap down which will create a significant fear and once again elevate intra-day volatility.  Expect some very fast price action today with the possibility of nasty whipsaw price action.  The 25,000 level of the Dow is a very importing psychological level for the market.  I suspect that will be an important battleground between the bulls and the bears.  Be very careful not to get caught in the crossfire.

Trade Wisley,

Doug

To watch video http://bit.ly/MorningMarketPrepFeb202018