RedLion Trader: The MiM advantage and a Zweig Countdown starts… $ES_F 1606 x...
By: redliontrader Today’s Economic News: Not much happening today pre-USA opening. We like the CBI industrial trends trend. Watching for existing homes and crude inventory numbers. Quote of the...
View ArticleRedLion Trader: MiM is the word…again…looking for some Mexican bulls $ES_F...
By: redliontrader Today’s Economic News: Great preliminary PMI numbers out of Europe and China. The recovery is under way. The US today also has PMI numbers along with initial jobless claims and...
View ArticleTrade Pilot Pro strategy, 8.22.13: Fed roller coaster ride yday, looking to...
August 22, 2013 David Dube Yesterday’s market reaction to the Fed minutes was like being on a wild roller coaster ride with no less than three +2 standard deviation (SD) moves down, up and down to...
View ArticleRedLion Trader: Now it is all about Friday’s close … don’t go home early...
Today’s Economic News: UK and Europe continue to put up great great eco data heading into the fall. In the US, the 10am ET release of consumer confidence will inject some energy into the markets....
View ArticleTrade Pilot Pro strategy, Friday 8-23: Bracketed market, trade the range...
August 23, 2013 David Dube During the past five trading sessions price has traded with some wild swings…which has provided some decent opportunities. If you view price action from a volume profile...
View ArticleRedLion Trader: Day 4 on the Zweig thrust, but we think the market is capped...
Today’s Economic News: Waiting for an interest decision out of Europe. Japan just dumped a pile of cash for a massive intervention plan. Quote of the Day: It is better to aim at perfection and miss,...
View ArticleTrade Pilot Pro 8-27 strategy: ‘Unfair High’ in S&P was a short; now nearing...
August 27, 2013 David Dube Yesterday’s rejection from the “Unfair High” zone is exactly what we were looking for: a short trade opportunity. See Twitter post:...
View ArticleRedLion Trader: Mark 1668 as a hold and watching for 1606 $ES_F coming soon
Today’s Economic News: Germany giving us very, very nice data. In the USA today, it is Redbook/S&P Home Price index premarket and then Consumer Confidence for a post-open booster along with the...
View ArticleRedLion Trader: Finally a 9:1 down day, the dust is starting to settle $ES_F...
Today’s Economic News: Mostly good still coming out of the economic numbers. For today pending home sales should be the most interesting feature. Quote of the Day: Adversity attracts the man of...
View ArticleRed Lion Trader: What is the MiM telling us about the Month End?
Today’s Economic News: You have to like the Italians, they are a very confident people. During the height of the crisis I don’t think they even went below 85. Germany flashed some red today with an...
View ArticleTrade Pilot Pro strategy, 8-29: Looking to buy pullbacks vs. 1630-33 zone $ES_F
August 29, 2013 David Dube Yesterday the S&P had a short-lived recovery bounce which pushed price back to prior day open range 1636-39, which was anticipated supply zone. Failed attempt to expand...
View ArticleTrade Pilot Pro: 8.30.13 Pre-holiday trade strategy
August 30, 2013 David Dube Pre-holiday (Labor Day) trade is anticipated to be relatively quiet…Continued unrest in the Middle East will keep most traders/investors from initiating any new positions,...
View ArticleRedLion Trader: Laboring to break 1645, we want $ES_F to pack up the picnic...
By: redliontrader Today’s Economic News: Much news today and so far, most of it is good. A great set of numbers out of Japan. UK remains in recovery mode. In the USA today Personal Income &...
View ArticleTrade Pilot Pro strategy, 9.03.13: No cruise missiles, just bottle rockets
David Dube Labor Day holiday was quiet with no military action in Middle East … Markets have breathed a sigh of relief, rallying in shortened holiday action. As money managers come back from vacation,...
View ArticleRedLion Trader: Fall trading and we are still looking for one more good swoon...
Today’s Economic News: The UK continues to lead in Europe. Numbers out of China and Japan were lukewarm but that is probably just right. Quote of the Day: You have freedom of choice, but not freedom...
View ArticleTrade Pilot Pro strategy, 9-4-13: $ES_F back in balance, waiting for the...
September 4, 2013 David Dube Despite the Labor Day holiday rally, the S&P could not hold onto its early gains Tuesday and dropped back into Friday’s range, where it did find support at the 1632...
View ArticleRedLion Trader: Market needs to be cruel to be kind $ES_F 1606
Today’s Economic News: That European service PMI says it all, sandwiched between the German and UK PMIs which show decent growth. The pan-Europe one isn’t bad, but the cornerstone economies of Europe...
View ArticleRedLion Trader: More on the MiM and the need for a failed reach reversal day...
Today’s Economic News: Most of today’s news is yet to come and most of it from the U.S. Quote of the Day: To cease smoking is the easiest thing. I ought to know. I’ve done it a thousand times. –Mark...
View ArticleTrade Pilot Pro strategy, 9-6: NFP report, support at 1648.50 held to the...
September 6, 2013 David Dube Today is the all important non-farm payroll number. Expectation is for 180K v 162K and unemployment rate (Aug) M / M to remain steady 7.4%. Markets will be looking for...
View ArticleRedLion Trader: Vive la France and the battle of 1654 $ES_F 1662 x 1606
By: redliontrader Today’s Economic News: News for today will be all over by 8:30am ET, at least in the US that is. That Syria news keeps getting punted around so that just might stick its head up....
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