Where successful investors come to trade
ShadowTrader The equity markets rallied but very slightly. The dollar however was sold off aggressively and gold hit new highs yet again. The dollar could be sold off tomorrow again but price activity will likely be volatile driven. We will wait until we are at the computers again on Friday before taking any trades. We like the AU...DJPY short now but we will manage it as of Friday...more details in today's ShadowTraderPro FX
ShadowTrader The Thanksgiving holiday should theoretically effect today's trading and Friday's shortened session (market closes at 1:00pm this Friday) by creating a lull in price action as many traders have already left for a long weekend. Every time this sort of thing is expected however, the market never fails to surprise us...m...ore details in today's ShadowTraderPro Swing Trader.
ShadowTrader The equity markets had a difficult time deciding on direction today and ended down slightly. Gold hit a new high and oil appears to have broken support. This may be an indication that the market is willing to listen to the Fed as they are becoming hawkish in their comments. This could mean the end of the dollar sell of...f if the FOMC does alter monetary policy...more details in today's ShadowTraderPro FX
ShadowTrader It is important to keep in mind that when the market gaps in one direction to such an extreme as quickly as it did yesterday, many times the price level is unsustainable. This is one of the many situations when knowing how to read market internals becomes a traders most valuable skill...more details in today's ShadowTraderPro Swing Trader
ShadowTrader Despite the lower closes on the last three trading days last week , the broader market remains bullish from a technical perspective. Four trade ideas in today's ShadowTraderPro Swing Trader and the link to the ShadowTrader Weekend Update and Video Weekly below.
www.shadowtrader.net
The enclosed video is produced by thinkorswim's Chief Technical Strategist, Peter Reznicek. Each video contains a look ahead at what the market is going to do next week (SPX, Dow, & Nasdaq), along with what sectors are about to move, and specific trading ideas for the coming week ahead.
ShadowTrader Options expiry will have us sitting on hands in the equity market. The ShadowTraderPro Model Portfolio weathered the early sell off pretty well yesterday...more details in today's ShadowTraderPro Swing Trader.
ShadowTrader The equity markets dropped as we mentioned should happen in yesterday’s report. The dollar gained some and the yen strengthened significantly. Our trade is doing well and with another probable increase of volatility tomorrow, the yen should continue to strengthen and take us down to our target...more details in today's ShadowTraderPro FX
ShadowTrader Oil is looking very interesting to us. The full trade idea is profiled with the daily chart in today's ShadowTraderPro Swing Trader.
ShadowTrader Equities sold off initially but recovered by the end of the day. The dollar attempted to rally initially only to end up down slightly for the day as well. The market appears to be coiling. Can we get a dollar rally by the end of the week? We think we could, as money goes to cash and volatility increases going into expi...ration Friday, we like the dollar and the yen...more details in today's ShadowTraderPro FX
ShadowTrader The results of our scan of over 950 stock charts last evening agrees with a further increase of prices going into option expiry Friday. Three long trades listed in today's Bulls and Bears section...more details in today's ShadowTraderPro Swing Trader.
ShadowTrader Though the equity markets closed higher with commodities today, so did the dollar. This is an anomaly and we are expecting one of the three to give out and tumble tomorrow. We are leaning to the commodities falling and the dollar strengthening over the next week...more details in today's ShadowTraderPro FX
ShadowTrader If there was any doubt regarding the bullishness of this market, it certainly was erased yesterday. We will be watching the market internals carefully within the first 15 to 30 minutes of trading this morning for indication of either a follow through to yesterday's bullish price action or a pause here...more details in today's ShadowTraderPro Swing Trader.
ShadowTrader The equity markets started the day very strong, the Dow hit triple digits in the first hour of trading. The dollar was knocked down as part of the market run up. Ben Bernanke’s comments did nothing to soothe investors’ fears of the economy or the dollar as indicated by non directional volatility around his comments...more details in today's ShadowTraderPro FX
ShadowTrader Our sector scans this weekend detected almost an equal number of bullish set ups on the weekly charts as bearish bearish set ups. We chose to profile what we thought was one of the more bearish charts and one of the more bullish charts in today's ShadowTraderPro Swing Trader. Also, a link to the ShadowTrader Weekend Update is below.
www.shadowtrader.net
The enclosed video is produced by thinkorswim's Chief Technical Strategist, Peter Reznicek. Each video contains a look ahead at what the market is going to do next week (SPX, Dow, & Nasdaq), along with what sectors are about to move, and specific trading ideas for the coming week ahead.
