Chart of the day: Short term setup in S&P 500 (6/5/15)
Yesterday’s moderately strong downtrend came within higher timeframe consolidation. This is still a market primed for a stronger trend move. Do not fade a break above or below key levels…
Chart of the day: S&P 500 short term setup (6/4/15)
This is still a market seeking a catalyst, though bullish factors continue to accumulate. Look for a strong rally above the 2121-2124 level; do not fade a breakout that holds…
It’s all in a day’s work
I want to share a few observations on trading activity during the trading day. I will focus on the S&P 500 futures here, but may extend this (if there's interest)…
Chart of the Day: S&P 500 short term setup (
Little motion and no new tactical information [yesterday]. Market is still consolidating and still in breakout mode: expect sharp continuation once the consolidation is decisively broken. The edge is still…
Short term trading strategies that work
Over the past week or so, I've written a bit about short term trading strategies on my blog, and I've also done two podcasts (here and here.) Starting tomorrow, I'm…
Chart of the day: S&P 500 short-term setup (6/1/15)
Overall context is a broad consolidation, with volatility contraction visible on intraday charts as a triangle. Within this area (and expect wide, “messy” definitions of the confines of the pattern—not…
Chart of the Day: S&P 500 short-term setup (5/29/15)
Bullish bias today, watching 2019 – 2025 as a reference range (not an exact level). Clearing this resistance could lead to a sharp rally. Failing to break that resistance could…
A roadmap for the trading day
When I was an active intraday trader, one of the things that was most important to me was having a rough roadmap for the day: what is most likely to…
Chart of the Day: S&P 500 short-term setup (5/28/15)
Momentum begets momentum—selling, usually, leads to further selling. Yesterday sent a loud and clear warning to bears in US stocks: there is a lot of hidden bullish conviction. The rally…
MarketLife Ep 18 – Short term trading
Short term trading, intraday trading, daytrading--call it what you will, these styles of trading bring some unique challenges. Tools and approaches that work in other timeframes also work intraday, but…
Chart of the Day: S&P 500 short-term setup (5/27/15)
Yesterday's play was to not fade a break, up or down. This turned out to be correct, as the market gapped lower on the open, and did not look back…
Chart of the Day: S&P 500 short-term setup (5/26/15)
This post is the first in a series I will be extending for a week or two, focusing on short-term and intraday trading. Each day, I will be publishing a…
A new look at measuring trend days
For intraday traders, trend days can offer outsized rewards. For some styles of traders, much of the work of trading is focused on capturing trend days, and most of the…
Reader Question: Intraday Position Sizing?
A reader asks how to quickly calculate position sizes for intraday trades.
You Get Paid to Hold Overnight
A look at one reason why daytraders may struggle...