Tradesight Market Blog

Stock Picks Recap for 5/15/13

With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT...

Futures Calls Recap for 5/15/13

Big winner in the ES for the session after what seemed like a ridiculously slow first hour (although it set the breakout level several times). Net ticks: +20 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 5/15/13

Another winner in the EURUSD. We’re still holding the second half. Ranges were decent, and the EURUSD traded average range. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered short at A, hit first...

Stock Picks Recap for 5/14/13

Futures Calls Recap for 5/14/13

A gap and run session that just kept going and never set any levels, then gave us Comber sell signals, and then couldn’t even retrace to the VWAP. See ES and NQ below. Net ticks: -14 ticks. As usual, let’s start by taking a look at the ES and NQ...

Forex Calls Recap for 5/14/13

Nothing triggered again overnight and then we had a small winner on the GBPUSD, which I closed out because it hadn’t gone far. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered...

Stock Picks Recap for 5/13/13

Futures Calls Recap for 5/13/13

Our call did not trigger on a light-volume Monday with a lack of range. We retraced to the VWAP repeatedly. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 5/13/13

Even though the triggers weren’t that far apart, neither trade call on the EURUSD triggered to start the week. The long trigger was a couple of pips from the high of the session. See EURUSD below, and we’ll try again tonight. Here’s a look...

Stock Picks Recap for 5/10/13

Futures Calls Recap for 5/10/13

A boring session with a small winner that only hit the first target and a late-day trigger. NASDAQ volume was 1.6 billion shares, and the ES stuck in a 6 point range for most of the session. See ES section below for the two recaps. Net ticks: +3.5 ticks. As...

Forex Calls Recap for 5/10/13

A new EURUSD trade that closed out for about a 75-pip winner, and we still had the second half of the GBPUSD from the prior session, which we closed out the final piece of for 200 pips. Here’s a look at the US Dollar Index intraday with our market directional...

Stock Picks Recap for 5/9/13

Futures Calls Recap for 5/9/13

A nice call swept and stopped once before working. Today was much slower than the prior two days in the market, although volume was back up to 1.7 billion NASDAQ shares. We did see a drop late in the session on rumors about Bernanke. Net ticks: -1.5 ticks. As...

Forex Calls Recap for 5/9/13

A loser and a nice winner on the GBPUSD for the session. See that section below as the US Dollar finally moved nicely. Here’s a look at the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered long at A, didn’t quite get...

Stock Picks Recap for 5/8/13

Futures Calls Recap for 5/8/13

A clean, single-direction move in the markets to the upside on 1.6 billion NASDAQ shares gave us a nice winner for the session. See ES below. Net ticks: +9 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 5/8/13

A nice clean winner on the GBPUSD. See that section below. Ranges were better, about 120 pips on the GBPUSD and EURUSD, so we should have decent levels spacing for tonight’s new calls. Here’s a look at the US Dollar Index intraday with our market...

Stock Picks Recap for 5/7/13

Futures Calls Recap for 5/7/13

Volume was much better early, although it really drifted off in the second half and only closed at 1.6 billion shares on the NASDAQ. We had a winner on the ES, see that below. Net ticks: +3 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 5/7/13

Strange night. Take a look at the down and back on the US Dollar Index below. And see the EURUSD section for the trade recap. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: So early on, part of our entry under...

Stock Picks Recap for 5/6/13

Futures Calls Recap for 5/6/13

A loser on the NQ and a small winner on the ES. See both sections below. This Friday, I will have a longer post to make about the current state of futures and how to handle what we’re seeing in this market with volume low. Today’s NASDAQ volume...

Forex Calls Recap for 5/6/13

Almost no movement overnight in the EURUSD, and then in the US session, the short triggered and didn’t do much. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered short finally...

Stock Picks Recap for 5/3/13

Futures Calls Recap for 5/3/13

A huge gap up in the markets took us away from all key levels, and we never got enough movement during the day to touch them. The only thing the ES touched was a tri-star level in 8 points of range. The NQ did start right over the UPT and launched. NASDAQ...

Forex Calls Recap for 5/3/13

A crazy session with the NFP data, which is why we go half size ahead of that data. Ended up with three triggers, including one on that data that might not have filled. See GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional...

Stock Picks Recap for 5/2/13

Futures Calls Recap for 5/2/13

One small winner that took forever and eventually would have been a big winner but took too long and stopped out the second half first. The market gapped up and never looked back, especially once it broke the UPT on the ES. Volume was 1.7 billion NASDAQ shares. Net...

Forex Calls Recap for 5/2/13

Crazy night on the ECB rate announcement. This is why we go half size ahead of key data, which was really about the Trade Balance number but also the ECB announcement. See EURUSD section below. Here’s a look at the US Dollar Index intraday with our market...

Stock Picks Recap for 5/1/13

VWAP Discussion and ES and NFLX Examples

The VWAP (Volume Weighted Average Price) is a powerful tool for traders, but you have to understand the implications of what it means to completely grasp it’s use. In the weeks ahead, we will be focusing several articles on the VWAP and how it can be...

Futures Calls Recap for 5/1/13

Another nice setup, another trigger and fail. See ES below. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Triggered...

Forex Calls Recap for 5/1/13

One last winner to close out the month of April. See the EURUSD below. The Fed announcement didn’t do much to the pairs. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered long at A, hit first target...

Stock Picks Recap for 4/30/13

Futures Calls Recap for 4/30/13

See ES and NQ’s below to close out the month. NASDAQ volume was strong at 1.8 billion shares, but the futures trading continues to be choppy, and we had one trigger on news. The one thing that did work yet again is that the Comber called the high of...

Forex Calls Recap for 4/30/13

ere’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: The long from yesterday stopped at A just around the original entry. New short triggered at B, gave you hours to setup and take, but then stopped: GBPUSD: Set the...

Stock Picks Recap for 4/29/13

Futures Calls Recap for 4/29/13

Mark’s call on the ES triggered long and he finally closed at even after an hour of no movement (it eventually would have worked). NASDAQ volume was horrible at only 1.3 billion shares. Three other calls did not trigger. Net ticks: +0 ticks. As usual,...

Forex Calls Recap for 4/29/13

See EURUSD section below for the recap as we continue to hold a trade in the money. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Before this chart even shows, there was an early short trigger (half size) that...

The Sequester and the Markets

I wanted to talk a bit about the sequester and its impact on the markets from a trading perspective. Before we get into the sequester itself, let’s take a look at volume and discuss some of our thresholds. First of all, here’s volume from April...

Stock Picks Recap for 4/26/13

Futures Calls Recap for 4/26/13

To show you how bad things are in futures right now, we have a perfect setup that combines essentially the Value Area, the opening range, and the gap fill and can’t even cover the 6 ticks to get there on a Friday. Unreal. See ES below. We ended up trying...

Forex Calls Recap for 4/26/13

A loser and a flat trade to close out a flat week. See GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at...

Stock Picks Recap for 4/25/13

Futures Calls Recap for 4/25/13

A loser on the ES, two small winners on the NQ. See both sections below. Net ticks: -0.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s...

Forex Calls Recap for 4/25/13

A winner in the EURUSD and that’s it. Came back to the starting point again. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered long at A, but gave you several places to take...

Stock Picks Recap for 4/24/13

Futures Calls Recap for 4/24/13

A flat session after a flat opening. The ES stuck in just 7 points of range on 1.65 billion NASDAQ shares, and that was with AAPL trading about 20 million more than usual. Net ticks: +2.5 ticks. As usual, let’s start by taking a look at the ES and NQ...

Forex Calls Recap for 4/24/13

The EURUSD and GBPUSD spent the sessions in 50 pip ranges, which are useless. One partial swept trigger in EURUSD and that’s it. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: The...

Stock Picks Recap for 4/23/13

Futures Calls Recap for 4/23/13

Interesting use of a “flash crash” after a boring start to the session. See ES and NQ sections below. Net ticks: +11 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the...

Forex Calls Recap for 4/23/13

A winner for the session on the GBPUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered short at A, gave you hours until B to enter, hit first target at C, and went lower, but...

Stock Picks Recap for 4/22/13

Futures Calls Recap for 4/22/13

Another awkward session for futures. Our ES call worked, although just enough to hit the first target initially. Then a similar setup on the NQ swept twice before working. See both sections below for a deeper recap. Net ticks: -9 ticks. As usual, let’s...

Forex Calls Recap for 4/22/13

A disappointingly narrow 50 pips of range on the GBPUSD for the main session led to not much for us to start the week. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered short at...

Stock Picks Recap for 4/19/13

Futures Calls Recap for 4/19/13

A winner to start and then a double stop out on the ER (which worked after that). See both sections below. Net ticks: -13.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 4/19/13

A small winner to close out the week in the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look...

Stock Picks Recap for 4/18/13

Futures Calls Recap for 4/18/13

What is with the colors? It will all make sense eventually. For now, just understand that at Tradesight moving forward, futures charts will have a blue right and bottom scale background (Forex will be green and stocks will be black). A nice winner early in...

Forex Calls Recap for 4/18/13

What in the world is with the colors on the charts? There is a method to the madness, believe it or not. Let’s just focus for this report on the fact that FOREX charts at Tradesight from now on should have the green right and lower scale background....

Stock Picks Recap for 4/17/13

Futures Calls Recap for 4/17/13

A winner on the ER and a loser on the ES created a wash. See both below. Market volume picked up, but the afternoon action was dead flat, and that’s when the ES triggered. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 4/17/13

One loser and a better winner on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered short at A, barely stopped at B. Triggered short again at C, hit first target at...

Stock Picks Recap for 4/16/13

Futures Calls Recap for 4/16/13

Another light volume day in the markets with 1.4 billion NASDAQ shares traded. We had an initial stop out (swept the entry) before two winners. See ES below. Net ticks: +4 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 4/16/13

A perfect setup led to a nice move, but after we got stopped out. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered long at A, stopped out unfortunately at B. If you were awake, you...

Stock Picks Recap for 4/15/13

Futures Calls Recap for 4/15/13

Mark’s NQ trade triggered and stopped. The movement for the session occurred over lunch after a slow start. The other call didn’t trigger. NASDAQ volume was weak early but soared in the last hour to hit 1.7 billion shares. Net ticks: -7 ticks. As...

Forex Calls Recap for 4/15/13

A loser on the AUDUSD and a winner on the EURUSD. See those sections below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered short at A, gave you a chance to take it at B if you missed it (remember,...

Stock Picks Recap for 4/12/13

Futures Calls Recap for 4/12/13

A loser on the ES and a winner on the NQ as volume dropped off sharply again to only 1.3 billion NASDAQ shares (a Friday, plus everyone watching the Masters). Net ticks: +2 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 4/12/13

A winner, but one that didn’t even make it to the full first target. See GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we will look at the action from Thursday night/Friday,...

Stock Picks Recap for 4/11/13

Futures Calls Recap for 4/11/13

Nothing triggered as the market picked up volume but went flat. The NQs never even touched a level beyond VAH. See the sections below for the recap. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional...

Forex Calls Recap for 4/11/13

Two triggers on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered long at A and stopped overnight. Triggered long again in the morning at B, never hit first target,...

Stock Picks Recap for 4/10/13

Futures Calls Recap for 4/10/13

Volume picked up a bit, and the market gapped up and kept going early, then flattened out the rest of the session. See the ES below. NASDAQ volume did get to almost 1.7 billion shares, a big improvement over Monday and Tuesday. Net ticks: -8 ticks. As usual,...

Forex Calls Recap for 4/10/13

Guess we had our triggers right. See EURUSD section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Very interesting. We had a long over the UBreak/R1 level, which hit exactly but never triggered at A....

Stock Picks Recap for 4/9/13

Futures Calls Recap for 4/9/13

All charts for all asset classes in our reports have been shifted to eSignal 11 screenshots effective today. There is a slightly different (but cleaner) look to these charts. They also show as EST. Not much market volume again. Took an ES short on a Comber...

Forex Calls Recap for 4/9/13

We’re changing the formats of the charts for the reports officially. Starting today, all screenshots will be taken with eSignal 11, which has a slightly different look/feel to it. In addition, I’ve shifted my charts to EST for consistency in all...

Stock Picks Recap for 4/8/13

Futures Calls Recap for 4/8/13

One trigger on the ES. The other calls didn’t trigger. See that section below. Market volume dropped to its lowest yet, barely clearing 1 billion NASDAQ shares in the last 40 minutes. Net ticks: -7 ticks. As usual, let’s start by taking a look...

Forex Calls Recap for 4/8/13

A loser and a retrigger that worked and is still going. See the GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered short overnight at A and barely stopped out at B. Triggered again in the...

Tradesight March 2013 Forex Results

Before we get to March’s numbers, here is a short reminder of the results from February. The full report from February can be found here and you can get the last several months in a row vertically by clicking here and scrolling down Tradesight Pip Results...

Tradesight March 2013 Futures Results

Before we get to March’s numbers, here is a short reminder of the results from February. The full report from February can be found here. Tradesight Tick Results for February 2013 Number of trades: 25 Number of losers: 10 Winning percentage: 60.0% Net...

Stock Picks Recap for 4/5/13

Futures Calls Recap for 4/5/13

Net ticks: -4.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Triggered long at 1539.00 at A and stopped for 7 ticks, then retriggered...

Forex Calls Recap for 4/5/13

More winners on the GBPUSD to close out the week, including a carryover from the prior session. We also had a stop out on the EURUSD. See both sections below. Here’s a look at the US Dollar Index intraday with our market directional lines: As usual...

Stock Picks Recap for 4/4/13

Futures Calls Recap for 4/4/13

One call that worked, one that didn’t trigger. See ES below. The volume dropped off sharply in the markets again, back down to 1.35 billion NASDAQ shares. Net ticks: +2.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 4/4/13

Two winners for the session. See the GBPUSD below. Still holding half of the long position. Here’s a look at the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered short at A, hit first target at B, kept going overnight. Note...

Stock Picks Recap for 4/3/13

Futures Calls Recap for 4/3/13

Finally a setup and trigger, worked to first target and the second half stopped over the entry before a big move. See ER section below. There was also a nice setup on the NQ over lunch for the gap fill. Net ticks: +3.5 ticks. As usual, let’s start by...

Forex Calls Recap for 4/3/13

Another interesting session with narrow range. The EURUSD bounced off our trigger and the GBPUSD triggered (just barely) and didn’t go anywhere. See both sections below. Here’s a look at the US Dollar Index intraday with our market directional...

Stock Picks Recap for 4/2/13

Futures Calls Recap for 4/2/13

The ES only hit one main level today early and spent several hours in a 3 point range before finally heading back into the gap. Volume was light again in the market at 1.4 billion NASDAQ shares, and although we don’t like to do this, no calls. Net ticks:...

Forex Calls Recap for 4/2/13

Well, sometimes nothing happens. The Levels were spaced better on the EURUSD than the GBPUSD, so I made the calls there, but the EURUSD didn’t do anything for the session and nothing triggered. Here’s a look at the US Dollar Index intraday with...

Stock Picks Recap for 4/1/13

Futures Calls Recap for 4/1/13

No calls as the rest of the world was on Holiday and volume was therefore extremely light at only 1.3 billion NASDAQ shares. We resume Tuesday. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 4/1/13

After looking at the opening few hours of play, it was clear that with banks closed around the world (except in the US since we did it Friday), the action was going to be limited, so I didn’t make any calls. GBPUSD and EURUSD in about a 50 pip range...

Stock Picks Recap for 3/28/13

Futures Calls Recap for 3/28/13

One winner on another 1.4 billion share NASDAQ session to close out the week, month, and quarter. Have a good long weekend and then we’re back to work. Net ticks: +3 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 3/28/13

A loser in the EURUSD to close out the week, but check the review of it below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered long at A and stopped for 25 pips. Note that the market exactly covered...

Stock Picks Recap for 3/27/13

Futures Calls Recap for 3/27/13

We got the day that we expected in terms of volume. The market gapped down and took all day to get back to even, with the S&P closing down less than a point, and NASDAQ hitting only 1.3 billion. A winner and a loser on the ES, but I was low size due to...

Forex Calls Recap for 3/27/13

A clean trigger that used the LBreak on a retest perfectly so that we didn’t get stopped on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered short at A, retested...

Stock Picks Recap for 3/26/13

Futures Calls Recap for 3/26/13

A trigger on news on the ES (see below), and then a later better trigger that didn’t work. Market volume, after improving yesterday, dropped quite a bit Tuesday, which doesn’t bode well for Wednesday and Thursday as we wind up the quarter and head...

Forex Calls Recap for 3/26/13

From a day with two winners and a carryover to a day with no triggers at all. See EURUSD for the final exit of the prior day’s trade about 55 pips in the money. About 50 pips of range today on the EURUSD. Here’s a look at the US Dollar Index intraday...

Stock Picks Recap for 3/25/13

Futures Calls Recap for 3/25/13

Mark had a nice winner on the ES for the session as we finally got some better range. Volume was 1.6 billion NASDAQ shares, which is also a slight improvement from last week. Net ticks: +8.5 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 3/25/13

A nice session to start the week with two winners on the EURUSD (and some good range). Still holding the second half of the short. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: EURUSD: Triggered...

Stock Picks Recap for 3/22/13

Futures Calls Recap for 3/22/13

Another flat session as expected. NASDAQ volume was 1.6 billion shares. We had a winner in the ER, see below. Net ticks: +3.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 3/22/13

A winner to close out the week. See the EURUSD section below. We have a new format here to the report. I got rid of the trend boxes as they don’t apply to what we do anymore. I’m separating this recap section from the section below, which will...

Stock Picks Recap for 3/21/13

Futures Calls Recap for 3/21/13

The market continues to struggle in narrow range on little volume as things seems to take twice as long to happen. The ES gapped down, made an attempt to fill the gap, then dropped down to fill the gap from yesterday, then came back up to the current gap to...

Forex Calls Recap for 3/21/13

Another day of narrow ranges and the market doing very little. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. Triggered...

Stock Picks Recap for 3/20/13

Futures Calls Recap for 3/20/13

A loser and a winner on the flattest day we’ve seen yet. Holy smokes was that brutal until a bit after the Fed announcement. At one point, I couldn’t even see the VWAP or market directional lines on my charts because it was so flat! Net ticks:...

Forex Calls Recap for 3/20/13

Make sure you look at the GBPUSD for what a wild and crazy ride Forex can be (and dangerous). Along those lines, our EURUSD trade triggered and stopped just barely before working perfectly. Sometimes it happens. See both sections below. There was no real reaction...

Stock Picks Recap for 3/19/13

Futures Calls Recap for 3/19/13

Had a nice setup that set itself three times, but never triggered. The market volume was the lightest we have seen yet after an hour (barely over 300 million NASDAQ shares), so we made no additional calls, although the market did break lower on news out of...

Forex Calls Recap for 3/19/13

Technically no triggers for the session, or you might have taken one leg of the GBPUSD long. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the...

Stock Picks Recap for 3/18/13

Futures Calls Recap for 3/18/13

We had a big gap down and no volume (1.4 billion NASDAQ shares total). The market recovered from the start. Called one ES trade that stopped, but didn’t re-enter due to market volume (the re-trigger worked). See ES below. We continue to hold our futures...

Forex Calls Recap for 3/18/13

Despite the craziness in the equity markets based on news out of Europe, there wasn’t as much action in Forex again. The EURUSD gapped out of the gate, one of the bigger gaps we have seen, and it eventually headed back toward Friday’s close, although...

Stock Picks Recap for 3/15/13

Futures Calls Recap for 3/15/13

I was on the road for the session. Mark had one call, see ES below. There was a nice NQ setup too. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart...

Forex Calls Recap for 3/15/13

We were only looking to go half size in primetime ahead of the CPI (and triple expiration), so there were two triggers, one early for quarter size and one for half size, both on the GBPUSD. See that section below. As usual on the Sunday report, we will take...

Stock Picks Recap for 3/14/13

Futures Calls Recap for 3/14/13

A trigger on the ES and a few on the NQ, one of which unfortunately stopped before it worked again. Overall, another narrow session, not even half of average daily range, and we really didn’t see an options unraveling move for triple expiration, which...

Forex Calls Recap for 3/14/13

One trade that came within 3 pips of the first target and a winner on the EURUSD. See that section below. Also see the GBPUSD section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight...

Stock Picks Recap for 3/13/13

Futures Calls Recap for 3/13/13

A nice setup early on the ES that didn’t trigger, and another nice setup out of a cup and handle in the afternoon that didn’t trigger, so no triggers on the day. We had the lightest volume of the week at only 1.4 billion NASDAQ shares. Net ticks:...

Forex Calls Recap for 3/13/13

A loser and a winner on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Stock Picks Recap for 3/12/13

Futures Calls Recap for 3/12/13

A better day, but one false start again and an extremely flat opening hour. The ES filled the gap and then rolled hard. See that section below for the recap of the trades. Volume was 1.5 billion NASDAQ shares again. Net ticks: +4.5 ticks. As usual, let’s...

Forex Calls Recap for 3/12/13

A winner on the EURUSD and some better action as we put the time change sync behind us. See EURUSD section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new...

Stock Picks Recap for 3/11/13

Futures Calls Recap for 3/11/13

Another day of light volume, bad range, and frankly just narrow bars in the futures. One call on the ES stopped and we didn’t do any more. It did set the UPT and then break it and work, but action was just too tame. Net ticks: -7 ticks. As usual, let’s...

Forex Calls Recap for 3/11/13

As I mentioned, the first day or two after the time change can be fairly flat as the volume of the Forex pairs changes slightly since the hours aren’t synced the same. This led to 40 pips of range in the EURUSD for the session. Our GBPUSD trade triggered,...

Stock Picks Recap for 3/8/13

Futures Calls Recap for 3/8/13

The Levels were very tightly spaced because of how flat Thursday was. We gapped up early and filled the gap quickly without setting any of the Levels, and you knew it wasn’t going to turn into much else after that. I posted one trade because the ES set...

Forex Calls Recap for 3/8/13

Closed out the winner from the prior session on the EURUSD, and then a new winner and loser to wrap up the week. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new...

Stock Picks Recap for 3/7/13

Futures Calls Recap for 3/7/13

We always come into the quarterly contract roll date with little expectations. However, we did have enough of a gap and an early setup to give one trade a try. In the end, the market did what it usually does on options contract roll day…nothing at all....

Forex Calls Recap for 3/7/13

We closed out the final piece of the prior day’s EURUSD trade in the money and then had another nice winner. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after...

Stock Picks Recap for 3/6/13

Futures Calls Recap for 3/6/13

Well, another joke of a session with only 6 points of range on the ES on 1.6 billion NASDAQ shares. Several triggers on the ES and YM, but both had a stop out before they ended up working. Wasn’t much to bother with after that as we spent the rest of...

Forex Calls Recap for 3/6/13

Nothing overnight, but a clean trigger in the morning on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after...

Stock Picks Recap for 3/5/13

Futures Calls Recap for 3/5/13

Nice setup on the ES stopped once, then triggered on news, which is never what we want to see. It was a lazy day overall, although volume hit 1.7 billion on the NASDAQ. See ES below. Net ticks: -7 ticks. As usual, let’s start by taking a look at the...

Forex Calls Recap for 3/5/13

Our GBPUSD trigger from late yesterday hit the first target after the report was posted and was closed in today’s session about 60 pips in the money. EURUSD triggered and stopped. See both sections below. Here’s a look at the US Dollar Index intraday...

Stock Picks Recap for 3/4/13

Futures Calls Recap for 3/4/13

A trade that we closed at the entry due to lack of market interest and volume, and that was it. See the ES section below. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber...

Forex Calls Recap for 3/4/13

A loser and a trade still going on the GBPUSD to start the week. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global...

Tradesight February 2013 Futures Results

Before we get to February’s numbers, here is a short reminder of the results from January. The full report from January can be found here. Tradesight Tick Results for January 2013 Number of trades: 35 Number of losers: 20 Winning percentage: 42.8% Net...

Tradesight February 2013 Forex Results

Before we get to February’s numbers, here is a short reminder of the results from January. The full report from January can be found here and you can get the last several months in a row vertically by clicking here and scrolling down Tradesight Pip Results...

Stock Picks Recap for 3/1/13

Futures Calls Recap for 3/1/13

Nice winner to start the month in the ES. See that section below. Net ticks: +12.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Triggered...

Forex Calls Recap for 3/1/13

Nice session to close out the week and month. Our EURUSD short from the prior week stopped in the money. A new call on the EURUSD stopped, but the GBPUSD worked big if you got filled. See both sections below. As usual on the Sunday report, we will look at...

Stock Picks Recap for 2/28/13

Futures Calls Recap for 2/28/13

A day where Rich and I were plagued with Internet issues and volume was back up to 1.9 billion NASDAQ shares, but the market was very flat all morning, then drifted higher over lunch, then came back to the VWAP. The biggest bars of the day were the last two,...

Forex Calls Recap for 2/28/13

A loser and a winner (still going) on the EURUSD. See that section below. One last night of trades for February. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new...

Stock Picks Recap for 2/27/13

Futures Calls Recap for 2/27/13

A trade that stopped out once and then worked a little the second time (and much better later) on the NQ. See that section below. Volume was crazy low at only 1.4 billion NASDAQ shares. Net ticks: -4.5 ticks. As usual, let’s start by taking a look at...

Forex Calls Recap for 2/27/13

A winner on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered long at...

Stock Picks Recap for 2/26/13

Futures Calls Recap for 2/26/13

Our Levels were spaced pretty wide because of the big range on Monday, so it took a while to get any setups, and we were heading into lunch when it did trigger. I went half size due to time of day, but we count the results equally here. See ES below. NASDAQ...

Forex Calls Recap for 2/26/13

Another sideways night that didn’t produce anything. Three triggers, see EURUSD and GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come...

Stock Picks Recap for 2/25/13

Futures Calls Recap for 2/25/13

Couple of winning trades on the ES that were called officially. See that section below. Also, note the Value Area play on the NQ. Net ticks: +11 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and...

Forex Calls Recap for 2/25/13

A winner and a loser for the session. See GBPUSD below. Gaps remain on several pairs from the open on Sunday. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels...

Stock Picks Recap for 2/22/13

Futures Calls Recap for 02/22/13

A winner and a loser as the market traded very light volume and drifted most of the session again. See ES and NQ below. Net ticks: -1 tick. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on...

Forex Calls Recap for 2/22/13

One trade if you were able to get any on a news spike. See GBPUSD below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week with the Seeker and Comber separately,...

Stock Picks Recap for 2/21/13

Futures Calls Recap for 2/21/13

We went from a day with decent range to a day with almost none, despite the fact that the NASDAQ traded 2 billion shares. We left a gap above and spent way too much of the day on the VWAP. No trades triggered. Net ticks: +0 ticks. As usual, let’s start...

Forex Calls Recap for 2/21/13

Closed out a 125 pip winner on the EURUSD and had another winner on the GBPUSD for the session. See both sections below. Back to flat. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after...

Stock Picks Recap for 2/20/13

Futures Calls Recap for 2/20/13

Two winners, but a stop out first on one of them. See ES and NQ below. Net ticks: +0.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s...

Forex Calls Recap for 2/20/13

Two stop outs and then a big winner (still going) on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global...

Stock Picks Recap for 2/19/13

Futures Calls Recap for 2/15/13

A dull session that gapped up, left the gap behind, and saw half of the day’s range covered in 10 minutes around the 20-minute mark of the session. See ES below. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and NQ with...

Forex Calls Recap for 2/19/13

When you put one call on the EURUSD and one on the GBPUSD, you run the risk that neither triggers, but that was where the better layouts were. See both sections below. Here’s a look at the US Dollar Index intraday with our market directional lines: New...

Stock Picks Recap for 2/15/13

Futures Calls Recap for 2/15/13

No calls for options expiration heading into the long weekend as things were too tight and glue to the VWAP early. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the...

Forex Calls Recap for 2/15/13

Nothing special for the last day heading into the 3-day weekend here in the US. See EURUSD below for the triggers. The second half of the prior day’s trade stopped out well in the money. As usual on the Sunday report, we will take a look at the action...

Stock Picks Recap for 2/14/13

Futures Calls Recap for 2/14/13

Same problem as Wednesday. A very nice setup triggered and stopped once before triggering again and working. See ES below. Friday is options expiration heading into a long weekend, so we may not have any futures calls if the action looks flat early. Net ticks:...

Forex Calls Recap for 2/14/13

Another nice winner (still going) on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Stock Picks Recap for 2/13/13

Futures Calls Recap for 2/13/13

A nice setup on the ES for the gap fill that failed early, and then triggered again after the first hour for options unraveling and worked, so basically a wash. Net ticks: -1.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 2/13/13

Closed out a winner from the prior session, and then a new partial trigger with stop out on the EURUSD. We had calls in the EURUSD and GBPUSD, and the pairs went in opposite directions of our calls. See that section below. Here’s a look at the US Dollar...

Stock Picks Recap for 2/12/13

Futures Calls Recap for 2/12/13

One call triggered twice, stopped once and worked the second. See NQ section below. Net ticks: -4.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s...

Forex Calls Recap for 2/12/13

More winners as we locked in a big gain on the GBPUSD from the prior session, added another GBPUSD winner in this session, and added two winners on the EURUSD for today, which we are still carrying the second half of. See both sections below. Here’s...

Stock Picks Recap for 2/11/13

Futures Calls Recap for 2/11/13

No triggers as the market held in even narrower range than Friday with people back East still digging out of the storm. Volume was only 1.5 billion NASDAQ shares. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 2/11/13

Nice winner…over 100 pips and still going…for the session. See GBPUSD section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out...

Stock Picks Recap for 2/8/13

Futures Calls Recap for 2/8/13

Nothing triggered off our calls, and the market established its entire range for the session in the first 30 minutes or so as everyone on the East Coast turned their focus to the snowstorm. Volume was still decent early but then slipped off and only got to...

Forex Calls Recap for 2/8/13

Stopped out of the second half of the prior day’s trade in the money, and then triggered short a new trade and stopped. See EURUSD below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily...

Stock Picks Recap for 2/7/13

Futures Calls Recap for 2/7/13

Volume is back. The NASDAQ traded 1.9 billion shares again, and we had another nice day in futures. Could have been a perfect week if the ER had gone an extra tick yesterday. See the ES section below for today’s recap. Net ticks: +16.5 ticks. As usual,...

Forex Calls Recap for 2/7/13

Closed out the second half of the prior day’s short at the entry, and then had a new winner on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after...

Stock Picks Recap for 2/6/13

Futures Calls Recap for 2/6/13

One trade that just missed the first target by a tick and then stopped (before working), and one trade that worked, leads to almost a wash for the session. See ES and ER sections below. Net ticks: -2 ticks. As usual, let’s start by taking a look at the...

Forex Calls Recap for 2/6/13

A winner on the EURUSD, still going, and that was it for the session. Amazing how the GBPUSD goes from over 200 pips Tuesday to just 45 on Wednesday. You can’t even see a Level line looking at the 24 hour chart on the GBPUSD. Here’s a look at the...

Stock Picks Recap for 2/5/13

Futures Calls Recap for 2/5/13

A clean winner on the ES for the session and nothing else. See that section below. Net ticks: +6 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s...

Forex Calls Recap for 2/5/13

Almost a trifecta as we closed out a winner from the prior session on the EURUSD for over 100 pips, then had another winner on the EURUSD, but also a stop out on the GBPUSD, which triggered again later and worked perfect. See both sections below. Here’s...

Stock Picks Recap for 2/4/13

Futures Calls Recap for 2/4/13

A loser on the ES and a big winner on the NQ to start the week. See both sections below. Net ticks: +12.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s...

Forex Calls Recap for 2/4/13

A nice session to start the week with a clean winner on the EURUSD that is still going. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels...

Unemployment, GDP, and the Current State of the Markets

There has been a lot of discussion this week about the state of the economy and what the GDP and Unemployment/NFP data that came out during the week means. Certainly, from the media’s preferred perspective of “scare and fearmonger,” the headline...

Futures Calls Recap for 2/1/13

One winner to start the month, which will hopefully be a better month than January turned out to be. Volume was a solid 2 billion NASDAQ shares, and we had a clean (though limited) winner in the ES. See that section below. Also, note the perfect Value Area...

Stock Picks Recap for 2/1/13

Forex Calls Recap for 2/1/13

Closed a winner and ended the month of January with another nice winner (that at least pushed us green for the month). See GBPUSD section below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily...

Tradesight January 2013 Forex Results

Before we get to January’s numbers, here is a short reminder of the results from December. The full report from December can be found here and you can get the last several months in a row vertically by clicking here and scrolling down. Tradesight Pip...

Tradesight January 2013 Futures Results

Before we get to January’s numbers, here is a short reminder of the results from December. The full report from December can be found here. Tradesight Tick Results for December 2012 Number of trades: 25 Number of losers: 10 Winning percentage: 60.0% Net...

Stock Picks Recap for 1/31/13

Futures Calls Recap for 1/31/13

None of the calls triggered in a market that ended up with end of month behavior as expected, although NASDAQ volume was a solid 2.1 billion shares. There was a nice setup in the market late on the long side that didn’t materialize. Net ticks: +0 ticks. As...

Forex Calls Recap for 1/31/13

We closed out the second half of a winner on the EURUSD from the prior session, then stopped out of a new GBPUSD trade, and then took it again and are carrying the second half in the money. See both sections below. Here’s a look at the US Dollar Index...

Stock Picks Recap for 1/31/13

Futures Calls Recap for 1/30/13

One winner that hit a first target and then rolled back on the NQ and that’s it as the market gave us a typical Fed meeting day. See NQ section below. NASDAQ volume was 1.9 billion shares. Tomorrow is the last day of January. Net ticks: +2.5 ticks. As...

Forex Calls Recap for 1/30/13

A loser on the GBPUSD and a winner on the EURUSD, which is still going. See both sections below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out...

Stock Picks Recap for 1/29/13

Futures Calls Recap for 1/29/13

A winner and a loser on the ES in another session that saw narrow action for the first hour, although the broad market broke out over lunch despite the Fed meeting. NASDAQ volume was 1.9 billion shares. Net ticks: -4.5 ticks. As usual, let’s start by...

Forex Calls Recap for 1/29/13

Clean winner on the GBPUSD for the session. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. GBPUSD: Triggered...

Stock Picks Recap for 1/28/13

Futures Calls Recap for 1/28/13

Three calls but only one triggered on a flat day in the market to start the week. Volume looked good early but never came back in the afternoon. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional...

Forex Calls Recap for 1/28/13

The GBPUSD traded average range, which was good, but the EURUSD traded only 40 pips of range for the session and didn’t trigger either of our calls. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and...

Stock Picks Recap for 1/24/13

Futures Calls Recap for 1/24/13

Nothing triggered from the calls as we wrapped up core earnings. Back to work. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: Read More →

Forex Calls Recap for 1/24/13

A loser on the EURUSD, and a winner on the GBPUSD (still going). See both sections below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global...

Stock Picks Recap for 1/23/13

Futures Calls Recap for 1/23/13

Two stop outs on the ES as we continue through earnings season and a lot of dull activity (until the last part of the day when the rumors fly). See ES below. NASDAQ volume was 1.7 billion shares. Net ticks: -14 ticks. As usual, let’s start by taking...

Forex Calls Recap for 1/23/13

What looked like a boring night with no triggers finally moved a bit but turned into nothing anyway, sweeping one piece of our short entry. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls...

Stock Picks Recap for 1/22/13

Futures Calls Recap for 1/22/13

One stop out on a clean Value Area setup on the ES, and that was it to start the short week. Volume was decent earely but ended up around the usual 1.7 billion NASDAQ shares. The futures spiked in the minutes after the close on some earnings. Net ticks: -7...

Forex Calls Recap for 1/22/13

A disappointing session, as one trade that ultimately worked perfectly to its first target got stopped first on some news. See EURUSD and GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat...

Stock Picks Recap for 1/17/13

Futures Calls Recap for 1/17/13

A winner on the ER and a loser on the ES that washed exactly. See both sections below. Market volume was 1.6 billion NASDAQ shares again, and we ended up with a drift higher even though the initial direction for the options unraveling move looked lower. We...

Forex Calls Recap for 1/17/13

A nice clean trigger and winner still going on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Stock Picks Recap for 1/16/13

Futures Calls Recap for 1/16/13

One winner, see ES below, on a day that we did NOT get the options unraveling move in the markets that we anted. NASDAQ volume was 1.6 billion shares. Net ticks: +4 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional...

Forex Calls Recap for 1/16/13

A very narrow session, and we were half size for the CPI. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Stock Picks Recap for 1/15/13

Futures Calls Recap for 1/15/13

One loss on the ES on a day with a gap and a mixed market as AAPL dragged down the NASDAQ but everything else did OK. Volume was 1.7 billion NASDAQ shares. See ES section below. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 1/15/13

A stop out on the GBPUSD and a EURUSD trade that came right to the stop area depending on how you staggered your exit. See both sections below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight...

Stock Picks Recap for 1/14/13

Futures Calls Recap for 1/14/13

A loser on the ES and a winner on the NQ for the session. See both sections below as the market had a fairly flat session trading 1.8 billion NASDAQ shares. Net ticks: -2 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 1/14/13

One stop out to start the week. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered long at...

Stock Picks Recap for 1/11/13

Futures Calls Recap for 1/11/13

A horrible session on light volume covering only 5 points of ES range, but Mark pulled out a small winner in the morning. See ES below. Net ticks: +2.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 1/11/13

A stop out on the new GBPUSD trade, but we closed out a 270 pip winner on the EURUSD from the prior session. This was our first week back to full size, and it looks like a good call so far. As usual on the Sunday report, we will take a look at the action from...

Stock Picks Recap for 1/10/13

Futures Call Recap for 1/10/13

ES call triggered twice, stopped once and worked the other. See below. Net ticks: -4.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s...

Forex Calls Recap for 1/10/13

Stock Picks Recap for 1/9/13

Futures Calls Recap for 1/9/13

Two triggers, two winners for the session. See ES and ER sections below. Net ticks: +11.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s...

Forex Calls Recap for 1/9/13

Two losers for the session. See EURUSD and GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Stock Picks Recap for 1/8/13

Futures Calls Recap for 1/8/13

A nice setup against the Pivot that failed early, but a nice breakdown after that that worked, and that established the range for the day for the market. See ES section below. Net ticks: +1 tick. As usual, let’s start by taking a look at the ES and NQ...

Forex Calls Recap for 1/8/13

A winner on the GBPUSD for the session, still holding a piece over. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after...

Stock Picks Recap for 1/7/13

Futures Calls Recap for 1/7/13

Net ticks: -18.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s call triggered short at A at 1452.50 and stopped...

Forex Calls Recap for 1/7/13

A loser to start the week on the GBPUSD, although if you follow our order staggering rules, you should have gotten a piece off in the money. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New...

Tradesight 2012 End of Year Market Summary

As usual, we wrap up the year with a report about the markets and our trading for the last twelve months (here’s a link to last year’s report). Having been involved in and trading the markets now for over 20 years, I have to say that this year...

Tradesight Forex End of 2013 Summary and Results

Let’s start with the results for the year, and then we will layer how the market behaved on top of it. First, let’s clarify that the trading system that we teach in our courses is something that you can apply and use to develop many more trades...

Tradesight December 2012 Forex Results

Before we get to December’s numbers, here is a short reminder of the results from November. The full report from November can be found here and you can get the last several months in a row vertically by clicking here and scrolling down. Tradesight Pip...

Tradesight December 2012 Futures Results

Before we get to December’s numbers, here is a short reminder of the results from November. The full report from November can be found here. Tradesight Tick Results for November 2012 Number of trades: 26 Number of losers: 16 Winning percentage: 38.4% Net...

Stock Picks Recap for 1/4/13

Futures Calls Recap for 1/4/13

A trigger and a stop out on the ES. See that section below. This was a very slow trading session with little consistent movement, although NASDAQ volume was 1.6 billion in the end. Always interesting when the NQ plays out the whole day under the Value Area,...

Forex Calls Recap for 1/4/13

A winner to close out the week. See the EURUSD section below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then glance at the US Dollar Index. Here’s...

Stock Picks Recap for 1/3/13

Futures Calls Recap for 1/3/13

Four triggered total, two on the NQ and two on the ES, both swept their entries exactly the first time and worked the second late in the session. See both sections below. Net ticks: -2.5 ticks. As usual, let’s start by taking a look at the ES and NQ...

Forex Calls Recap for 1/3/13

Got stopped out of an early trigger on the EURUSD, and then it triggered later and worked if you were up. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when...

Stock Picks Recap for 1/2/13

Futures Calls Recap for 1/2/13

Not the best start to the year for futures as the market gapped up so big, we didn’t have much for Levels to use for setups. The same trade triggered three times, stopping twice, but working the third time. See ES below. Volume in the market was good...

Forex Calls Recap for 1/2/13

A winner in the GBPUSD to start 2013. Always nice to start the year with a winner. See that section below for the recap. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when...

Stock Picks Recap for 12/31/12

Futures Calls Recap for 12/31/12

No trades for the last session of the year. Volume was actually decent at 1.5 billion NASDAQ shares and there was some movement as it looks like the fiscal cliff talks are at least moving. See you Wednesday, and calls will resume! Net ticks: +0 ticks. As usual,...

Forex Calls Recap for 12/31/12

A loser and a bigger winner, both on the GBPUSD, to close out the year. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: No calls or Levels tonight for the New Year’s Holiday. New calls and...

Stock Picks Recap for 12/28/12

Futures Calls Recap for 12/28/12

Another day of poor action and volume, retreating again from Thursday’s uptick in volume to only 750 million NASDAQ shares. The whole session was a flatline except for one 10 minute spike when rumors circulated that the White House and Congress might...

Forex Calls Recap for 12/28/12

Two stop outs and a winner so almost a wash to close out the week and almost the quarter and year (one more session of calls Sunday). As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading...

Stock Picks Recap for 12/27/12

Futures Calls Recap for 12/27/12

No calls again as volume was way too light, although we did get a spike down on concerns about the Fiscal Cliff and then a spike up in the afternoon when rumors circulated that Congress would be back December 30. Not that that means anything is solved. In...

Forex Calls Recap for 12/27/12

We closed out a 40 pip winner on the EURUSD from the prior session, and the new trade triggered and ended up stopping just under the entry. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New...

Stock Picks Recap for 12/26/12

Futures Calls Recap for 12/26/12

NASDAQ volume was only 700 million shares again. This is going to be a wasted week. No futures calls were made due to the light volume. Maybe the volume will be a little better Thursday. Friday should be a waste as everyone heads out again for the long weekend. Net...

Forex Calls Recap for 12/26/12

Better ranges than I would have thought, and we had a stop out on the EURUSD and then it triggered again and was working as I post this. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls...

Stock Picks Recap for 12/21/12

Futures Calls Recap for 12/21/12

One loser that I didn’t re-enter (it worked great the second time). The market gapped down on the “news” that the House failed to pass a second option for the Fiscal Cliff situation. Not that anyone should have been surprised and not that...

Forex Calls Recap for 12/21/12

A loser and a small winner to close out the week. See EURUSD below. As usual with the Sunday reports, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (see EURUSD and GBPUSD in particular)...

Stock Picks Recap for 12/20/12

Futures Calls Recap for 12/20/12

Two winners on the ES, although no real follow-through once again as volume started to dip and we really didn’t get an options unraveling move, which is interesting. Doubtful that we will get one Friday, and there might not even be any calls. Net ticks:...

Forex Calls Recap for 12/20/12

Another winner in the EURUSD, see that section below. Tonight is likely to be slow, as we have triple expiration Friday ahead, which includes currency futures. Less than half size. Levels will go up every day next week, and we will have calls on Sunday, Tuesday,...

Stock Picks Recap for 12/19/12

Futures Calls Recap for 12/19/12

Three triggers on the ES, one worked and two didn’t. See ES section below. Net ticks: -8.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s...

Forex Calls Recap for 12/19/12

Clean winner for the session in the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Stock Picks Recap for 12/18/12

Futures Calls Recap for 12/18/12

No trades triggered from the calls today. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: Read More →

Forex Calls Recap for 12/18/12

A small winner late in the session after a flat overnight. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Finally...

Tradesight Market Preview for 12/18/12

The ES was higher by 18 on the day. This was expected after our 10-day Trin recorded an oversold reading. Note that price is above all of the major moving averages. The NQ futures were higher by 39 full handles on the day. Again price is back above all the...

Stock Picks Recap for 12/17/12

Futures Calls Recap for 12/17/12

One loser on the ES and Mark chose not to take it again (second trigger worked). Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s...

Forex Calls Recap for 12/17/12

None of our calls triggered as the EURUSD was amazingly flat for the session. I’ll just recap the charts below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the...

Stock Picks Recap for 12/14/12

Futures Calls Recap for 12/14/12

No calls on a Friday for the futures contract roll. This day every quarter tends to be very dangerous as the big players are just moving their trading to the new (H3 – March 2013) contract. Given that it is also a Friday in December, things were very...

Forex Calls Recap for 12/14/12

A stop out and then a bigger winner on the EURUSD. See that section below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (look at breakouts on the EURUSD and AUDUSD)...

Stock Picks Recap for 12/13/12

Futures Calls Recap for 12/13/12

Couple of triggers with various results. See ES and NQ sections below. Tomorrow, we start trading the H3 (March 2013) contracts, and the first day of trading a new contract is usually a little sketchy. Net ticks: -2 ticks. As usual, let’s start by taking...

Forex Calls Recap for 12/13/12

Closed out two winners carried from the last two days at gains, and then got stopped out of a new short in the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight...

Stock Picks Recap for 12/12/12

Futures Calls Recap for 12/12/12

Two winners and no losers for the Fed announcement. See ES and NQ below. Market volume was a little light at 1.5 billion NASDAQ shares. Net ticks: +10.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 12/12/12

Another winning trade on the EURUSD, plus we’re now over 100 pips in the money on the trade from the prior session. It really feels like Forex is starting to improve, even if the ranges aren’t great yet. See EURUSD section below. Here’s a...

Tradesight Market Preview for 12/12/12

The ES expanded the rally’s range gaining 11 on the day. The MACD is above the zero line and carrying positive momentum. The next challenge for the bulls will be the 8/8 level at 1437. The NQ futures were higher by 35 on the day and finally may be losing...

Stock Picks Recap for 12/11/12

Futures Calls Recap for 12/11/12

A loser and then a winner on the ES for net gains on a gap and go day that saw better volume than the prior session. We closed with 1.6 billion NASDAQ shares as we wait for tomorrow’s Fed announcement. Net ticks: +3 ticks. As usual, let’s start...

Forex Calls Recap for 12/11/12

Another winner in the EURUSD, this one still going. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: You...

Tradesight Market Preview for 12/11/12

The ES was higher on the day by 4 handles, nominally expanding the upside of the recent range on a low volume day. While the day was unimpressive internally, this is the first session of the move that where the close settled above the open. The NQ futures...

Stock Picks Recap for 12/10/12

Futures Calls Recap for 12/10/12

A very limited day in the market on light volume. Mark’s ES trade triggered twice, worked once. See that section below. NASDAQ volume was only 1.4 billion shares. Net ticks: -4.5 ticks. As usual, let’s start by taking a look at the ES and NQ with...

Forex Calls Recap for 12/10/12

And back to limited ranges. The EURUSD triggered long but never hit the stop or first target. I finally closed it just a little in the money for the end of the session. See that section below. Here’s a look at the US Dollar Index intraday with our market...

Tradesight November 2012 Futures Results

Before we get to November’s numbers, here is a short reminder of the results from October. The full report from October can be found here. Tradesight Tick Results for October 2012 Number of trades: 39 Number of losers: 18 Winning percentage: 53.8% Net...

Tradesight November 2012 Forex Results

Before we get to November’s numbers, here is a short reminder of the results from October. The full report from October can be found here and you can get the last several months in a row vertically by clicking here and scrolling down. Tradesight Pip...

Stock Picks Recap for 12/7/12

Futures Calls Recap for 12/7/12

A winner and a loser to wrap up a decent start to December this week. See ES and NQ below. Net ticks: -4.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s...

Forex Calls Recap for 12/7/12

Closed out a 120 pip winner and had another winner for the session to end a decent week. See EURUSD below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts with both the Seeker and Comber...

Stock Picks Recap for 12/6/12

Futures Calls Recap for 12/6/12

One call that worked, and that was it. Market had a small gap down and filled within ten minutes. Volume was decent at 1.8 billion NASDAQ shares. See ES below. Net ticks: +2.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 12/6/12

A nice winner on the EURUSD which is still working to the downside. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after...

Tradesight Market Preview for 12/6/12

The SP was higher by 3 on the day and really did very little technically. The day’s real body is almost exactly what yesterday’s was and price was little changed. The settlement remains pinched between the 10ema and 50sma. The range needs to be resolved...

Stock Picks Recap for 12/5/12

Futures Calls Recap for 12/5/12

A winner on the NQ and a loser and winner on the ES for the session. See both sections below. Net ticks: +4.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from...

Forex Calls Recap for 12/5/12

One stop out and that’s it on the EURUSD. See that section below. GBPUSD in a 30 pip range now. Ouch. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels...

Tradesight Market Preview for 12/5/12

The SP was little changed on the day still unable to get above the key 50dma. Price used the 10ema for support and the resolution of this mini-range should extra punch. The NQ futures were lower on the day by 5 and has the same range condition as the SP side....

Stock Picks Recap for 12/4/12

Futures Calls Recap for 12/4/12

A winner in the ES on a narrow market day where volume dropped back off early. We traded only 1.5 billion NASDAQ shares. Net ticks: +2.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber...

Forex Calls Recap for 12/4/12

Very interesting. After one day of good range and a nice easy winner for us, we go back to 40 pips of range on the GBPUSD and no triggers from our calls. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and...

Tradesight Market Preview for 12/4/12

The ES was lower by 8 on the day after completing the 9 bar Seeker setup on Friday. Price is still being rejected by the 50dma that we have been focusing on. Going forward this will be an important point of reference perhaps even more so than the intraday...

Stock Picks Recap for 12/3/12

Futures Calls Recap for 12/3/12

A nice start to the month and week with two clean setups on the ES and both worked. See that section below. Net ticks: +11.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 12/3/12

A nice start to the month as we got a clean trigger and nice move on the GBPUSD. See that section below, and we’re still long as we end the session. It even traded average range finlly. Here’s a look at the US Dollar Index intraday with our market...

Stock Picks Recap for 11/30/12

Futures Calls Recap for 11/30/12

It’s end of month and Friday and the market was completely dead for the first hour. Despite my better judgement, I went ahead and put a breakdown short in the Messenger just in case. The results were predictable to close out the month. See ES below. Net...

Forex Calls Recap for 11/30/12

Two more stops to close out a miserable week. See EURUSD below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week with the Seeker and Comber separately, and...

Stock Picks Recap for 11/29/12

Futures Calls Recap for 11/29/12

Well, an unfortunate day after a good one as three trades stopped in narrow choppy range early. Looks like the new rule of the day is going to be that the market will spike either way as various members of Congress and the White House come out and say whether...

Forex Calls Recap for 11/29/12

Almost a dead flat trade for the session as we again had contained ranges, although the EURUSD was about 100 pips so there will be decent Levels spacing for tonight’s last day of the month. See GBPUSD below for last night’s review. Here’s...

Tradesight Market Preview for 11/29/12

The ES was higher by 9 on the day racing back up to the top of the recent range. The bad news is that the range is still holding and has not yet been resolved. The NQ futures tested the 200dma and settle up on the day by 19. Keep in mind that this is a key...

Stock Picks Recap for 11/28/12

Futures Calls Recap for 11/28/12

A great trading session for futures, tarred only by the one stop out, but two nice winners beyond that as we finally got some action (even though NASDAQ volume was only 1.6 billion shares still). Net ticks: +12.5 ticks. As usual, let’s start by taking...

Forex Calls Recap for 11/28/12

Not much of a session again. A trigger on the EURUSD that took forever, and then we were able to move the stop to keep it tight after it took too long. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat...

Tradesight Market Preview for 11/28/12

The ES posted another inside day, losing a net 6 handles. The mini-pattern is still contained within Friday’s range expansion candle so the resolution of the range should have good punch. The NQ side had a little relative strength vs. the SP side. As expected...

Stock Picks Recap for 11/27/12

Futures Calls Recap for 11/27/12

Couple of calls on another choppy session. Volume was better at 1.65 billion NASDAQ shares. Only one trade triggered, and it worked, but no follow through. See NQ section below. Net ticks: +3 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 11/27/12

Another dull session, although the EURUSD at least traded 100 pips of range, so the Levels spacing will be better there tonight. We had one very early trigger for less than half size, and that’s it. See EURUSD below. GBPUSD trade never triggered in a...

Tradesight Market Preview for 11/27/12

The ES was lower on the after posting an inside day. The light volume advance on the shortened Friday session likely kept trader’s wallets in their pockets to measure off the half session. The resolution of the inside day should have some punch, especially...

Stock Picks Recap for 11/26/12

Futures Calls Recap for 11/26/12

As expected, market volume was incredibly light starting back up from the Thanksgiving weekend, and the futures were barely ticking most of the session. One nice setup in particular did nothing, showing how bad it was. See ES section below. Net ticks: -14...

Forex Calls Recap for 11/26/12

Interesting first day back. Our Forex triggers weren’t very far away, and yet, neither triggered as all pairs were fairly flat. EURUSD was barely 35 pips, the smallest range I can remember. Seems odd considering even Friday saw 100 pips. Here’s...

Stock Picks Recap for 11/21/12

Futures Calls Recap for 11/21/12

No futures calls for the very light session on the busiest travel day of the year. We will post Levels based on today’s ranges for Friday, but no one trades the half day. Monday’s levels will be based on Friday’s limited activity, which means...

Forex Calls Recap for 11/21/12

Three winners for the week. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered short at A,...

Tradesight Market Overview for 11/21/12

The ES was higher by 4 on the day after posing a measuring day. Probability favors a continuation tomorrow. The NQ was higher by 8 on the day: Total put/call ratio: NYSE 10-day Trin: The BTK outperformed the broad market: Oil: Gold: Silver: Read More →

Stock Picks Recap for 11/20/12

Futures Calls Recap for 11/20/12

I thought we might get one good trading day, but instead, volume dropped sharply, only hitting 326 million NASDAQ shares after an hour, and closing at only 1.5 billion. So, nothing worked. See ES below. Net ticks: -10 ticks. As usual, let’s start by...

Forex Calls Recap for 11/20/12

Another winner despite narrow range and an early move that took us under the LBreak on the EURUSD before the Asian session. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight...

Tradesight Market Overview for 11/20/12

The ES gapped higher and added onto the gains to close up 23 handles. Price is now above the 10ema which changes the short-term trend to positive. The advance today also cleared the 4/8 Murrey math level which is also bullish. Since the NYSE Trin closed around...

Stock Picks Recap for 11/19/12

Futures Calls Recap for 11/19/12

We had a big gap up and then a little push early with a winning ES trade and then things went flat for the rest of the session, which isn’t uncommon on the first day of a new options cycle. Net ticks: +6.5 ticks. As usual, let’s start by taking...

Forex Calls Recap for 11/19/12

Ranges improved AND we got a perfect technical setup, trigger, and move in the EURUSD. One day doesn’t prove anything, but let’s hope it is the start of something. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market...

The Fiscal Cliff Looms

The election is behind us and market volume appears to be picking up finally, although current market direction is down. Is it because Obama won? Is it because the Middle East is heating up? Is it because of the Fiscal Cliff? All good questions. As traders,...

Stock Picks Recap for 11/16/12

Futures Calls Recap for 11/16/12

Well, I have to apologize for this one. I made a mistake in the entry and didn’t notice until after the trade triggered. See ES below. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 11/16/12

Another day with nothing. See EURUSD below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (see GBPUSD), and then glance at the US Dollar Index. Here’s a look...

Stock Picks Recap for 11/15/12

Futures Calls Recap for 11/15/12

A stop out and then the same trade triggered again and worked on the ES from Mark. See that section below. Range was back and forth and we closed flat, but volume has been improved this week nicely, hitting 2 billion shares on the NASDAQ again today. Friday...

Forex Calls Recap for 11/15/12

A dead even trade on the EURUSD, but some interesting notes to comment about there. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels...

Tradesight Market Preview for 11/15/12

The ES lost 18 handles on the day and recorded a new low on the move. Price has broken below the 4/8 Murrey math level but is close to recording an oversold reading of -200 on the CCI. Next support is 1343.75. The NQ futures also made a new low on the move,...

Stock Picks Recap for 11/14/12

Futures Calls Recap for 11/14/12

The call that I was looking at on the NQ (short under Pivot), I ended up not putting in, and it would have stopped twice before working. We ended up filling the gaps early and going flat through lunch, then sliding again. I had some issues getting back to...

Forex Calls Recap for 11/14/12

No triggers again on a dull session. I’ll just run through the charts. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. Read More →

Tradesight Market Preview for 11/14/12

The ES lost 7 on the day which made a new low on the move and matched the low close. Average prices are lower over the course of the expiring option cycle so traders shouldn’t be surprised by the lack of bids. Wednesday is the key day this week ahead of...

Stock Picks Recap for 11/13/12

Futures Calls Recap for 11/13/12

A nice winner on the ES as the market gapped down and set the S2 from underneath in the opening 2 minutes of play, so we took a long moving back through that and it worked quite well. See ES section below. Net ticks: +15 ticks. As usual, let’s start...

Forex Calls Recap for 11/13/12

Still no ranges, still half size, and two stops (and the EURUSD exactly set the short entry again but didn’t retrigger). See EURUSD and GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and...

Tradesight Market Preview for 11/13/12

The ES was higher by 2 on the day after trading in a wide range. Price is feeling the pull of the 200dma, setting right at it. Expect more 200dma gaming until the expiration will force decisions. The NQ futures were flat on the day after gapping up and attempting...

Stock Picks Recap for 11/12/12

Futures Calls Results for 11/12/12

No calls for the bank Holiday (Veteran’s Day), but the market was open and the NASDAQ traded 1.2 billion shares. We resume tomorrow. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 11/12/12

No Forex calls for the US Veteran’s Day bank holiday (and no movement either, only 40 pips of range on the EURUSD). Calls resume tonight. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight...

Tradesight October 2012 Futures Results

Before we get to October’s numbers, here is a short reminder of the results from September. The full report from September can be found here. Tradesight Tick Results for September 2012 Number of trades: 31 Number of losers: 14 Winning percentage: 54.8% Net...

Tradesight October 2012 Forex Results

Before we get to October’s numbers, here is a short reminder of the results from September. The full report from September can be found here and you can get the last several months in a row vertically by clicking here and scrolling down. Tradesight Pip...

Stock Picks Recap for 11/9/12

Futures Calls Recap for 11/9/12

A little disappointing considering the volume was up at 1.7 billion NASDAQ shares. We won 1 and lost 3. See ES, NQ, and ER below. Net ticks: -15 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and...

Forex Calls Recap for 11/9/12

A stop out and a flat trade (see EURUSD), but at least for the second time this week, we saw signs of life with volume, and that is important. Hopefully it bodes well for the coming week. As usual on the Sunday report, we will look at the action from Thursday...

Stock Picks Recap for 11/8/12

Futures Calls Recap for 11/8/12

Two attempts to break the early lows swept and stopped and that was enough, although the third attempt would have worked. See ES below. Net ticks: -14 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP,...

Forex Calls Recap for 11/8/12

From a night with big range immediately back to a night of no range. In fact, it was so bad that nothing triggered. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new...

Stock Picks Recap for 11/7/12

Futures Calls Recap for 11/7/12

Unfortunately, with the gap down and the push lower, the futures barely touched (and certainly didn’t set up with) any of our key levels, so no calls were made. But, volume was back up at 2 billion NASDAQ shares, so hopefully that is what we see going...

Forex Calls Recap for 11/7/12

There we go. Signs of life. More than average range, enough to get us two triggers and two winners. Let’s hope that is representative of what is to come. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls...

Stock Picks Recap for 11/6/12

Futures Calls Recap for 11/6/12

A nice winner on the long side of the ES. See that section below. Market volume was back up after Monday’s light session. Net ticks: +15 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and...

Forex Calls Recap for 11/6/12

A winner and a loser on the EURUSD for almost a wash again as the markets did nothing ahead of today’s election in the US. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST...

Stock Picks Recap for 11/5/12

Futures Call Recap for 11/5/12

Volume was tracking for the lightest day of the year very early with much of the East Coast still closed and the election tomorrow, so we made no calls in a narrow environment. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 11/5/12

A nothing night again. The trade triggered on the EURUSD, but 8 hours later it was holding at the entry and I closed it. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight...

Stock Picks Recap for 11/2/12

Futures Call Recap for 11/2/12

Mark’s ES call about an hour in worked, see that section below. Net ticks: +5.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s...

Forex Calls Recap for 11/2/12

A nice winner on the EURUSD to close out the week. See that section below. As usual on the Sunday report, we’ll take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (check the GBPUSD), and then...

Stock Picks Recap for 11/1/12

Futures Calls Recap for 11/1/12

A nice winner on a gap-and-go day. Check the ES section below. The market gapped up (over the UPT, which is key for the gap-and-gos) and pushed up early. The afternoon was a bust again as we clung to the VWAP. NASDAQ volume was 1.6 billion. Net ticks: +10...

Forex Calls Recap for 11/1/12

It’s amazing how stable the Forex markets can be during huge natural disasters and international events. The EURUSD barely traded 60 pips again. We had one stop out. See that section below. Here’s a look at the US Dollar Index intraday with our...

Stock Picks Recap for 10/31/12

Futures Calls Recap for 10/31/12

The volume was heavy early on, but we knew that trading would be sketchy at best with most of New York still reeling from Sandy. I tried one ES short into the Value Area that stopped and I nixed taking it a second time (would have worked). This could be a...

Forex Calls Recap for 10/31/12

Lost 10 pips on a new trade and closed out the second half of the prior day’s trade for a 50 pip gain. See EURUSD section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after...

Forex Calls Recap for 10/30/12

A winner despite the light activity. See EURUSD below. We are still long the second half of the trade as well. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels...

Stock Picks Recap for 10/26/12

Futures Calls Recap for 10/26/12

I ended up making no calls (and Mark returns from vacation this Sunday) as we didn’t get the gap I was expecting and volume looked light on a Friday. Might have been a mistake in retrospect, as I did have a trade fired up and ready after the ES set the...

Forex Calls Recap for 10/26/12

No calls for the night ahead of the GDP data as there were no great setups based on the Levels spacing. This ended up being a good thing as GBPUSD and EURUSD were basically stuck in 50-60 pip ranges even with the data. So, we close out the week with a rare...

Stock Picks Recap for 10/25/12

Futures Calls Recap for 10/25/12

Two calls, two winners on the ES. See that section below. Net ticks: +9 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Triggered...

Forex Calls Recap for 10/25/12

Another day, another 80 pip range on the EURUSD that tried both directions. One stop out. See that section below. I will be less than half size tonight ahead of the first look at GDP for Q3. Here’s a look at the US Dollar Index intraday with our market...

Tradesight Market Preview for 10/25/12

The ES logged a pretty flat day but expanded the downside range and made a second close below the static trend line which will now break it. Key support remains at 1406. The NQ futures were lower by 10 on the day settling right at the key 200dma. Keep in...

Stock Picks Recap for 10/24/12

Futures Calls Recap for 10/24/12

Two losers early after two nice setups, and a winner after the Fed announcement later in the session. All of it on the ES, see that section below. Net ticks: -10 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional...

Forex Calls Recap for 10/24/12

Closed out the second half of the GBPUSD short from the prior session in the money in the afternoon yesterday. One new trigger on the EURUSD triggered short and stopped, see that section below. Boring session as expected, even after the Fed. Here’s a...

Tradesight Market Overview for 10/24/12

As we talked about yesterday, the small bounce in the ES was relatively meaningless because it did not penetrate the upper half of Friday’s steep decline today’s price action was more notable. Two key things happened because the static trend line was undercut...

Stock Picks Recap for 10/23/12

Futures Calls Recap for 10/23/12

Three losers and a winner on a choppy session that was flatter on the ES than the NQ due to the AAPL news. Volume was 1.75 billion NASDAQ share. Net ticks: -15 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional...

Forex Calls Recap for 10/23/12

A loser and a winner (still going) on the GBPUSD. See that section below. Better ranges too, but we have a Fed announcement tomorrow. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5...

Tradesight Market Preview for 10/23/12

The ES was higher by 6 on the day after a strong afternoon rally. While the end of the day may have “felt good” to the bulls, it is still below the midpoint of Friday’s break which remains a technical negative and keeps the bears in charge. 1435 is key...

Stock Picks Recap for 10/22/12

Futures Calls Recap for 10/22/12

Three trades, three winners, although none of them did much for follow through. See ES and NQ sections below. Net ticks: +9 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 10/22/12

Another non-event session. See the EURUSD section below for the trade recaps. However, note the EURJPY and GBPJPY Value Area moves below that I pointed out in the early calls Sunday. Here’s a look at the US Dollar Index intraday with our market directional...

Stock Picks Recap for 10/19/12

Futures Calls Recap for 10/19/12

Our typical policy is not to make futures calls on options expiration Fridays as there is typically no movement to be found and you just get stopped out. Today ended up being the exception for the year, though, and the market made a big move but we did not...

Forex Calls Recap for 10/19/12

As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (nothing specific nearby on any of them), and then glance at the US Dollar Index (nothing to see there). Here’s...

Stock Picks Recap for 10/18/12

Futures Calls Recap for 10/18/12

One winner and two losers for the session as the GOOG accidental release of earnings messed up the trading day. See ES and NQ below. Net ticks: -11.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP,...

Forex Calls Recap for 10/18/12

Wow, 50 pips of range on the EURUSD. No new triggers, but we closed out our EURUSD long from two days ago finally over 100 pips in the money. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New...

Tradesight Market Preview for 10/18/12

The ES was higher by 8 on the day and is just under the best close of the YTD. 1468 is the next key overhead if it can continue to build on the recent pivot off the 50dma. The NQ futures were higher on the day but only by 5 handles. The NQ’s remain relatively...

Stock Picks Recap for 10/17/12

Futures Calls Recap for 10/17/12

Mark’s ES long turned into a nice winner, see that section below, as the market opened flat and headed up early on much better volume. His YM in the afternoon triggered and stopped, see that section below too. Net ticks: -2.5 ticks. As usual, let’s...

Forex Calls Recap for 10/17/12

An interesting session. The EURUSD, which we were long coming in, spiked up really early (before the Asian session). I did have a short entry I liked if it headed back down, but not much to the upside once it got extended, so instead of forcing a new call,...

Tradesight Market Preview for 10/17/12

The ES sprinted higher by 14 handles leaving an open gap. The 10ema has been reclaimed by the bulls and the chart is now above all the major moving averages. The NQ futures were higher by 34 on the day and finally shook off, at least for a day, the persistent...

Stock Picks Recap for 10/16/12

Futures Calls Recap for 10/16/12

Mark’s ES call stopped out twice, worked the third time, although he called off the third trigger heading into lunch. See ES section below. Net ticks: -14 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional...

Forex Calls Recap for 10/16/12

A clean winner in the EURUSD for the session. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Tradesight Market Preview for 10/16/12

The ES was higher on the day by 14 handles. This was the best close in 4 sessions but did not change the trend back to short-term positive because price remains below the 10ema. If the pattern turns back lower then look to the static trend line for support. The...

Stock Picks Recap for 10/15/12

Futures Calls Recap for 10/15/12

A really great setup in the NQ triggered over lunch and stopped. I put it back in for the last two hours (which was really the original intent) and it at least triggered and ran to the first target. See NQ section below. Net ticks: -4 ticks. As usual, let’s...

Forex Calls Recap for 10/15/12

One very early trigger on the EURUSD stopped, and other than that, the session was spent in a narrow range. See EURUSD section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5...

Stock Picks Recap for 10/12/12

Futures Calls Recap for 10/12/12

One trigger, one winner to close out the week. NASDAQ volume was a light 1.5 billion shares. See ES section below. Net ticks: +5.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the...

Forex Calls Recap for 10/12/12

Our call from the prior session continued and eventually closed 50 pips in the money. A new call triggered and stopped out at an adjusted stop for 20 pips. See EURUSD section below. As usual with the Sunday report, we will look at the action from Thursday...

Tradesight Market Preview for 10/11/12

The ES was lower by 10 on the day settling right near key support at the September low. Also note that the 50dma is just below and is the nest area of key support or breakdown. The NQ futures remain much weaker than the broad market tracking SP. Price is...

Stock Picks Recap for 10/11/12

Futures Calls Recap for 10/11/12

A winner in the ES on a light volume day that traded just over half of average daily range. NASDAQ volume was 1.4 billion shares. Net ticks: +2.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP,...

Forex Calls Recap for 10/11/12

A winner (still going) and a loser overnight on the EURUSD. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global...

Stock Picks Recap for 10/10/12

Futures Calls Recap for 10/10/12

None of our calls actually triggered in what ended up being a better volume day, but a worse day in terms of movement and action for some reason. Very narrow and choppy. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ with...

Forex Calls Recap for 10/10/12

Wow, 70 pips of range on the EURUSD again. Barely swept one of our triggers after a long overnight session doing nothing. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after...

Tradesight Market Preview for 10/10/12

The ES lost 14 on the day, closing decisively back below the 10ema. The double top potential is there but cannot be called so until the September lows are undercut. Note that he September lows will have critical support from the rising 50dma if traded. The...

Stock Picks Recap for 10/9/12

Futures Calls Recap for 10/9/12

A nice winner on the ES and a stop out on the ER despite light volume in the market. These were both in the morning, as the afternoon was a joke. See both sections below. Net ticks: +4.5 ticks. As usual, let’s start by taking a look at the ES and NQ...

Forex Calls Recap for 10/9/12

Closed out a nice winner and then two stop outs for the new session. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global...

Tradesight Market Preview for 10/8/12

On light, quasi-holiday, trade the ES gapped down and ultimately lost 6 on the day. The gap remains open which leaves an unfavorable 2 day pattern. The old high was tested, leaving a range high camo sell candle on the chart and today a slight follow through. The...

Stock Picks Recap for 10/8/12

Futures Calls Recap for 10/8/12

One call that didn’t trigger and really we shouldn’t have put that up either on what was essentially a Holiday session. NASDAQ volume barely hit 1 billion shares. Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and NQ...

Forex Calls Recap for 10/8/12

A winner to start the week on a Holiday session. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD; Triggered...

Tradesight September 2012 Forex Results

Before we get to September’s numbers, here is a short reminder of the results from August. The full report from August can be found here and you can get the last several months in a row vertically by clicking here and scrolling dow Tradesight Pip Results...

Stock Picks Recap for 10/5/12

Futures Calls Recap for 10/5/12

A big day on Friday with three winners and a dead even trade on three different contracts. See ES, YM, and ER below. Net ticks: +27 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on...

Forex Calls Recap for 10/5/12

Closed out a nice winner from the prior session on the EURUSD and then had another winner to end the week. See that section below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into...

Stock Picks Recap for 10/4/12

Futures Calls Recap for 10/4/12

A small winner on the NQ and a very narrow trading session. The ES was stuck in a 3 point range after the first hour. Net ticks: +2.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on...

Forex Calls Recap for 10/4/12

A nice winner on the EURUSD overnight, and we still are carrying the second half of the trade. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the...

Tradesight Market Preview for 10/4/12

The ES gained 4 on the day and remains in an upwardly drifting pattern. Price is still contained within last week’s range. The NQ futures are still staging under the key 8/8 level. The Seeker pattern is still 12 days up with an exhaustion signal on deck. Total...

Stock Picks Recap for 10/3/12

Futures Calls Recap for 10/3/12

Wow. Three stop outs, all of them great setups that failed on light volume, and then a decent winner later. See ES and NQ below. Net ticks: -12 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and...

Forex Calls Recap for 10/3/12

Ranges so bad, nothing triggered. See EURUSD below to see how bad it was. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. Read More →

Stock Picks Recap for 10/2/12

Futures Calls Recap for 10/2/12

One winner, one loser, and one trade closed at breakeven late in the session. See ES and NQ sections below. Net ticks: -3.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 10/2/12

Our EURUSD trade from the prior session stopped 45 pips in the money, but we had a loser in the GBPUSD in this session. See both sections below. Ranges remain light. Here’s a look at the US Dollar Index intraday with our market directional lines: New...

Tradesight Market Preview for 10/3/12

The ES was higher by 4 on the day but settled below the opening level. This marks yet another indecisive day for the SPX futures. The Seeker setup count is now 9 days down but bars 8 & 9 are too high to qualify a bounce. The NQ futures are still below...

Tradesight Market Preview for 10/2/12

The ES settled higher on the day by 3. Since price settled below the open but up on the day it is a camouflage sell signal. Also on the chart is very tall tail which is never bullish at range high. The NQ futures were much weaker than the broad market all...

Stock Picks Recap for 10/1/12

Futures Calls Recap for 10/1/12

One call early that stopped and that was it for the session. Market took until late in the day to reach down and fill the gap on the ES. NASDAQ volume was 1.65 billion shares. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 10/1/12

A very early trigger on the EURUSD that stopped, and then a more normal trigger that worked and we are holding long. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight...

Tradesight September 2012 Futures Results

Before we get to September’s numbers, here is a short reminder of the results from July. The full report from August can be found here. Tradesight Tick Results for August 2012 Number of trades: 31 Number of losers: 14 Winning percentage: 54.8% Net ticks:...

Stock Picks Recap for 9/28/12

Futures Calls Recap for 9/28/12

Not an exciting ending to the month, although we expected that since it is also end of quarter. There were a total of 5 trades that triggered on the ES. Two winners and three losers. See that section below. Net ticks: -11 ticks. As usual, let’s start...

Forex Calls Recap for 9/28/12

Another sweep session as expected to almost wrap up September (Sunday’s calls will count for September) and what will probably be our one negative month of the year. See EURUSD below. As usual on the Sunday report, we will look at the action from Thursday...

Stock Picks Recap for 9/27/12

Futures Calls Recap for 9/27/12

One stop out and one bigger winner from Mark in the ES today for net gains. See that section below. Volume dropped sharply from what we were seeing earlier in the week, but that’s no surprise considering we’re heading into the end of the quarter...

Forex Calls Recap for 9/27/12

Surprise! Today, after months of testing and weeks of work, we rolled out our revised FX Levels service. This includes additional levels on the market, including the Pressure Thresholds that have worked so well in futures. We now have: Break Levels Value Area Pressure...

Tradesight Market Preview for 9/27/12

The ES expanded the downside and lost 10 handles on the day. Keep the static trend line in mind for a trade to target on the initial decline. The NQ futures were weaker than the broad market losing 29. Price is below the Q1 breakout and looks poised to tag...

Stock Picks Recap for 9/26/12

Futures Calls Recap for 9/26/12

A nice call in the morning on the NQ, although unfortunately it stopped once first before retriggering and working. See that section below. The afternoon was dead. Volume closed at 1.7 billion NASDAQ shares. Net ticks: +2.5 ticks. As usual, let’s start...

Forex Calls Recap for 9/26/12

Initially, I posted no calls for the session as all of the Levels were too bunched together from the poor ranges. I ended up putting up a EURUSD call after it set the S1 perfectly, and after 12 hours with it, it went nowhere. See that section below. Here’s...

Tradesight Market Preview for 9/26/12

The ES lost 14 on the day decisively settling below the 10ema, turning the short-term trend negative. The next key support is very obvious on the chart where the Q1 highs align with the active static trend line. The NQ futures were weaker than the broad market...

Stock Picks Recap for 9/25/12

Futures Calls Recap for 9/25/12

We had a couple of nice setups on the long side early that triggered when both the ES and NQ were getting Comber and Seeker sell signals on the 5-minute charts, so we cut the trades short before they hit targets or stops. See both sections below. Net ticks:...

Forex Calls Recap for 9/25/12

Another dull session. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered long at A very early...

Tradesight Market Preview for 9/25/12

The SP gapped down in the neighborhood of the LPT and was able to close the gap and ultimately settle flat on the day. This is a technical win for the longs because of the large gap if the bears wanted to press the opportunity was there. Price is still above...

Stock Picks Recap for 9/24/12

Futures Calls Recap for 9/24/12

A winner in the YM to start the week. See that section below. Net ticks: +4.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: YM: Mark’s...

Forex Calls Recap for 9/24/12

Stopped out of our trade and then it worked after overnight. See EURUSD below. Ranges were still bad. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come...

Stock Picks Recap for 9/21/12

Futures Calls Recap for 9/21/12

Two winners and a stop out to wrap up the week as options expiration was exactly what we expected…fairly dull with heavy volume early. See ES and NQ sections below. Net ticks: +5 ticks. As usual, let’s start by taking a look at the ES and NQ with...

Forex Calls Recap for 9/21/12

There’s an example of being right on track with a call and just barely getting stopped before it works great. But, there is a reason we use stops, so, it happens. See EURUSD section below. As usual on the Sunday report, we will take a look at the action...

Stock Picks Recap for 9/20/12

Futures Calls Recap for 9/20/12

Multiple trade calls on the ES and YM, 3 out of 4 of them worked finally despite a fairly choppy environment. We did see a second wave of options unraveling…to the upside again…and volume was up, closing near 1.7 billion NASDAQ shares. Net ticks:...

Forex Calls Recap for 9/20/12

A winner in the EURUSD on the short side for us, see that section below. Ranges continue to be small. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come...

Tradesight Market Preview for 9/20/12

The ES was unchanged on the day and we saw no evidence of options unraveling. Be ready for a bias to develop tomorrow after 60mins into the session. The NQ futures are also in the waiting room for expiration. Note that the Seeker pattern is now 12 days up. 10-day...

Stock Picks Recap for 9/19/12

Futures Calls Recap for 9/19/12

A couple of calls but only one trigger on what was a slightly disappointing day that could have seen triple-witching options unraveling, but instead saw the ES stuck in just over a 5 point range again. Net ticks: -7 ticks. As usual, let’s start by taking...

Forex Calls Recap for 9/19/2012

Another boring session that went nowhere, even if ranges were a little better. I’ll continue to stick with half size. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when...

Tradesight Market Preview for 9/19/12

The ES treaded water ahead of option expiration Friday. There is nothing new technically and the chart has posted a couple of very small range bars that have worked off the large impulse from last week. The NQ futures were a little stronger than the broad...

Stock Picks Recap for 9/18/12

Futures Calls Recap for 9/18/12

Another dead flat session with little volume. NASDAQ volume closed out at 1.4 billion shares, and the ES range was only 5 points. Our NQ trigger stopped twice, see that section below. Net ticks: -14 ticks. As usual, let’s start by taking a look at the...

Forex Calls Recap for 9/18/12

I keep getting emails from subscribers asking when we are going to go back to full size. The answer is the same every year. August is typically a slow month, and then the big traders tend to get back to work at some point after Labor Day. Just because we get...

Tradesight Market Preview for 9/18/12

The ES futures lost 5 on the day leaving a topping tail in the chart. The NQ futures posted an indecisive inside day. This is the only important development that traders should pay attention to. The 10-day Trin has produced an overbought signal as of last...

Stock Picks Recap for 9/17/12

Futures Calls Recap for 9/17/12

What was that? An absolutely flat day, like no one was around trading. NQ triggered and stopped, but volume was just horrible. Net ticks: -7 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber...

Forex Calls Recap for 9/17/12

Always no range to speak of, especially during the European session. A few triggers on the EURUSD, and neither worked. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the...

Stock Picks Recap for 9/14/12

Futures Calls Recap for 9/14/12

Nice winner on the ES to close out the week. See that section below. Net ticks: +8.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s...

Forex Calls Recap for 9/14/12

A nice winner (125 pips to final exit) in the EURUSD to close out the week. See that section below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday (remember the EURUSD 1.2824 breakout posted last weekend?), then...

Stock Picks Recap for 9/13/12

Futures Calls Recap for 9/13/12

No calls for the session. We had a dead flat morning as expected ahead of the Fed, and then the spike on the news was pretty big and would have been impossible to execute on. After that, we just kept going with no pauses or setups. I can’t remember a...

Forex Calls Recap for 9/13/12

Flat overnight as expected ahead of the Fed announcement, and then some crazy spikes on the announcement before the market settled on moving against the US Dollar. The announcement was after we cancel trades for a session. Here’s a look at the US Dollar...

Tradesight Market Preview for 9/13/12

The ES was higher on the day making a new high close on the move. Note that the gap from Tuesday is still open and not yet filled. The NQ futures were higher by 17 but still have a MACD that is pointing lower. Price closed indecisively right at the 10ema....

Stock Picks Recap for 9/12/12

Futures Calls Recap for 9/12/12

Four triggers, and three of them worked (ES, YM, NQ, YM again) to their first targets. See those sections below. In the end, though, even though market volume was up (NASDAQ volume closed at 1.6 billion shares), the ES was only in a 5-point range as the market...

Forex Calls Recap for 9/12/12

Basically a wash of a night with a loser on the EURUSD and a winner on the GBPUSD. See both sections below. Still half size with the Fed announcement tomorrow and CPI on Friday. Here’s a look at the US Dollar Index intraday with our market directional...

Tradesight Market Preview for 9/12/12

The ES gained 4 on the day after trying higher prices but failing which leaves a tall tail on the chart but doesn’t make a classic distribution day. Tuesday’s close keeps the chart above the short-term trend defining 10ema. The NQ futures were much weaker...

Stock Picks Recap for 9/11/12

Futures Calls Recap for 9/11/12

Two winners and a loser for the session, which proved to be fine as volume was light again at 1.4 billion NASDAQ shares as we head into a Fed meeting and announcement (Thursday). Net ticks: +3 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 9/11/12

One trade just barely stopped, see the EURUSD below. The move was really after Trade Balance. We remain half size all week as we have two days of Fed meeting and then the CPI ahead. Here’s a look at the US Dollar Index intraday with our market directional...

Tradesight Market Overview for 9/11/12

The ES reversed lower losing 12 on the day. Key support is the March highs which coincides with the 10ema. Note that he CCI is in a very short-term overbought condition. The NQ futures lost 39 on the day and like the ES posted a very negative day but did...

Stock Picks Recap for 9/10/12

Futures Calls Recap for 9/10/12

An extremely narrow day on the ES to start the week. The NQs ended up being much weaker due to AAPL, which lost 15 points, but overall, the market was slow and volume was only 1.4 billion NASDAQ shares again. None of our calls triggered. Net ticks: +0 ticks. As...

Forex Calls Recap for 9/10/12

A night of basically 30 pips of range on the EURUSD during the European session didn’t produce much for results. One trade triggered and stopped (see GBPUSD below). Here’s a look at the US Dollar Index intraday with our market directional lines: New...

Tradesight August 2012 Futures Results

Before we get to August’s numbers, here is a short reminder of the results from July. The full report from July can be found here. Tradesight Tick Results for July 2012 Number of trades: 35 Number of losers: 17 Winning percentage: 51.4% Net ticks: +11...

Tradesight August 2012 Forex Results

Before we get to August’s numbers, here is a short reminder of the results from July. The full report from July can be found here and you can get the last several months in a row vertically by clicking here and scrolling down Tradesight Pip Results for...

Stock Picks Recap for 9/7/12

Futures Calls Recap for 9/7/12

Not nearly as interesting as Thursday. The market gapped up a little and went literally dead flat all session. Our ER trade stopped twice before we just ended it for the week, see that section below. Net ticks: -16 ticks. As usual, let’s start by taking...

Forex Calls Recap for 9/7/12

A great two days for Forex trading, a great 2 days for the stock market as volume finally came back, but a poor day for the US Dollar itself. We carried forward the second half of the trade from the prior day, which never stopped and continued with the new...

Stock Picks Recap for 9/6/12

Futures Calls Recap for 9/6/12

A big winner for the session after a huge gap up in the market, which turned into a strong “gap and go” morning, although the afternoon was slow. See YM section below. Total volume was 1.8 billion NASDAQ shares. Net ticks: +34.5 ticks. As usual,...

Forex Calls Recap for 9/6/12

Strange night with two winners and a loser. See the EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Tradesight Market Preview for 9/6/12

The ES futures remain trapped in the range with no resolution yet. There is nothing new technically. The NQ’s were slightly lower on the day settling right at the trend defining, or non-defining, 10ema. Note that like the ES futures the MACD is negative...

Stock Picks Recap for 9/5/12

Futures Calls Recap for 9/5/12

Couple of nice setups that we called, but nothing triggered as the market established its range very early and never broke to highs or lows after that. Volume was only 1.4 billion on the NASDAQ. Net ticks: +0 ticks. As usual, let’s start by taking a...

Forex Calls Recap for 9/5/12

Another half-sized night without anything special. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Tradesight Market Preview for 9/5/12

The ES had a wild ride recouping some steep program driven losses mid-day to settle flat on the day. Price has settled 3 times now in the same area so when this range is resolved it should be powerful. The NQ futures were slightly higher on the day with the...

Stock Picks Recap for 9/4/12

Futures Calls Recap for 9/4/12

A nice setup in the morning on the ES didn’t end up triggering until the afternoon. Market volume was still weak coming back from the Holiday, closing out at 1.4 billion NASDAQ shares, but hopefully that will rise as the week moves along. Net ticks:...

Forex Calls Recap for 9/4/12

A non-event to start the month. See EURUSD below. We remain half size until we start to see ranges expand, and even with that, only part of the trade triggered. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls...

Tradesight Special Market Commentary for September 2012

Summer is ending. This is Labor Day weekend, 2012, and it is the traditional end of summer. This has a lot of implications historically for the stock market. 1) August is typically an up month for the markets, albeit on lighter volume, and we got both. It...

Stock Picks Recap for 8/31/12

Futures Calls Recap for 8/31/12

One last day without calls due to volume. The movement was a bit better even though volume closed out at 1.1 billion shares because of the Fed comments out of Jackson Hole that whipped the market down and back up for about 20 minutes. Back to work Tuesday...

Forex Calls Recap for 8/31/12

A nice winner to close out the week and month. See GBPUSD section below. As usual on the Sunday report, we will look at the action for Thursday night/Friday, then look at the daily charts heading into the new week (nothing interesting), and then look at the...

Stock Picks Recap for 8/30/12

Futures Calls Recap for 8/30/12

No calls for the session again as previously stated as volume is acting like last week of the year junk. NASDAQ volume closed out at 1.1 billion shares. Ouch. Expect no calls Friday. Monday is a Holiday. Back to work Tuesday finally. Net ticks: +0 ticks. As...

Forex Calls Recap for 8/30/12

A winner and a loser (the winner is still going) for the session. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: Triggered...

Stock Picks Recap for 8/29/12

Futures Calls Recap for 8/29/12

No calls due to volume, and that might be the case for the rest of the week. However, using the Seeker and Comber tools, we can have some educational discussions even in the light volume environment, so take a look at the NQ and YM below for examples of how...

Forex Calls Recap for 8/29/12

Another dull session. See EURUSD for trigger results below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover. EURUSD: You know...

Stock Picks Recap for 8/28/12

Futures Calls Recap for 8/28/12

The lightest non-Holiday volume day of the year. One ES call triggered short on news and stopped, and we didn’t add any more in a sweep-y mess. NASDAQ volume ended at 1.2 billion shares. This might be the rest of the week. Certainly, Friday is going...

Forex Calls Recap for 8/28/12

A tiny winner on the EURUSD as ranges at least expanded out. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after global...

Stock Picks Recap for 8/27/12

Futures Calls Recap for 8/27/12

One winner on the NQ and then volume was so bad after the first hour that we just put in some non-full size trades for those that wanted to force something. Really shouldn’t be trading beyond the first 90 minutes in this volume. Net ticks: +2.5 ticks. As...

Forex Calls Recap for 8/27/12

For the third time in six trading sessions, neither of our trades triggered, which is fine when the EURUSD is stuck in a 40 pip range for 24 hours. This was probably made worse by the UK Holiday. Here’s a look at the US Dollar Index intraday with our...

Stock Picks Recap for 8/24/12

Futures Calls Recap for 8/24/12

No calls today as expected once we saw how bad the volume was (NASDAQ volume closed at under 1.3 billion). Ironically, the ES made a classic Value Area move anyway (see below). Net ticks: +0 ticks. As usual, let’s start by taking a look at the ES and...

Forex Calls Recap for 8/24/12

A winning trade to close out a light week. See EURUSD below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (no patterns, but see GBPUSD), and then look at...

Stock Picks Recap for 8/23/12

Futures Calls Recap for 8/23/12

Only one trigger and then we called off any further trades when it was clear that volume was going to be as low as we have seen yet. See NQ below. We may or may not make any calls Friday with volume this bad. Net ticks: -7 ticks. As usual, let’s start...

Forex Calls Recap for 8/23/12

Well, that’s a record. Two days in one week without one of our trades triggering as the market is so flat. Better that than triggering and stopping out. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls...

Tradesight Market Preview for 8/23/12

The ES found support at the 10ema and closed unchanged. Keep in mind that changes in trend take time as both the bulls and bears take measure of each other. The NQ’s showed relative strength gaining 7 on the day which was good enough to match the high close...

Stock Picks Recap for 8/22/12

Futures Calls Recap for 8/22/12

An even lighter volume day in the market (only 1.35 NASDAQ shares traded) led to two trades that barely hit their partials and nothing more. Net ticks: +5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines,...

Forex Calls Recap for 8/22/12

Stopped out of the prior day’s trade in the money on the EURUSD, and then we had two partial sweeps of our entries, which I don’t know if I’ve ever seen before, but it let’s you know that you had the right entries. See that section...

Tradesight Market Preview for 8/22/12

The ES lost 2 on the day but there were some notable technical developments to talk about. Price made a new high but closed lower on the day. Also Tuesday’s candle engulfed the prior day’s which makes a better case for the bears. The only lacking ingredient...

Stock Picks Recap for 8/21/12

Futures Calls Recap for 8/21/12

A nice day with just one call due to light volume, but it incorporated everything we teach in our courses: Gaps, Value Areas, Pressure Thresholds, etc. (well, not everything we teach, but several key pieces). See NQ section below. The winner was 25 POINTS...

Forex Calls Recap for 8/21/12

Nice winner on the EURUSD for the session after a no-trade day the prior session. Still holding part of the long. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after...

Tradesight Market Preview for 8/21/12

The ES was unchanged on the day after recouping an early drop. There is nothing new technically other than the CCI has totally stagnated. The NQ futures were higher by 4 on the day. The pattern has left price right in the area of the prior March high. Note...

Stock Picks Recap for 8/20/12

Futures Calls Recap for 8/20/12

Another horrible volume day in the markets, with NASDAQ volume ending at only 1.3 billion shares. Barely worth trading. We had a winner in the ES and a double stop in the NQ. See both sections below. Net ticks: -11.5 ticks. As usual, let’s start by taking...

Forex Calls Recap for 8/20/12

60 pips of range on the EURUSD, so neither of our trade calls triggered for the entire session. We will definitely be sticking with half size through the end of August with ranges like this, as we do most Augusts. Here’s a look at the US Dollar Index...

Stock Picks Recap for 8/16/12

Futures Calls Recap for 8/16/12

One stop out, one winner, and one trade that took too long to get going heading into lunch so we killed it. Net ticks: +1 tick. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 8/16/12

One early half-sized trigger stopped and then we triggered EURUSD overnight and it worked great. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when...

Tradesight Market Preview for 8/16/12

The ES was higher by 2 on the day and recorded 9 bars up in the Seeker count. Price remains lackluster and markets can fall of their own weight. There are no new technical developments but keep an eye on the MACD. The NQ futures were relatively strong vs....

Stock Picks Recap for 8/15/12

Futures Calls Recap for 8/15/12

Two winners for the session (see ES and ER sections below), although they only went to their first targets in light volume early. NASDAQ volume ended at only 1.3 billion shares again, and we didn’t see options unraveling. Net ticks: +6 ticks. As usual,...

Forex Calls Recap for 8/15/12

Another slow session (GBPUSD 40 pips!), and we had to put the calls on the EURUSD beyond S2 on the short side because the Levels were so tightly bunched from the night before. See that section below. We were also half size ahead of CPI, which did nothing. Here’s...

Tradesight Market Preview for 8/15/12

The ES was lower by one on the day but posted a range high distribution candle. This is 8 days up in the Seeker count so a disruption in trend should be expected in the next 48 hours. The NQ futures were stopped cold by the active static trend line and posted...

Stock Picks Recap for 8/14/12

Futures Calls Recap for 8/14/12

More sweeps than I can recall seeing in a session as the ES and NQ couldn’t do anything right and volume was once again weak at 1.4 billion NASDAQ shares. Net ticks: -21 ticks. As usual, let’s start by taking a look at the ES and NQ with our market...

Forex Calls Recap for 8/14/12

A winner and a loser on the EURUSD for the session. Ended up at the same price level again, and the GBPUSD barely traded 40 pips overnight (yikes!). See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New...

Tradesight Market Preview for 8/14/12

The ES did nothing on the day after recouping a mid day drop. The futures closed exactly unchanged on the day. The NQ futures were up 7 on the day and was good enough to expand the high close of the rally. Monday, price tested the static trend line intraday...

Stock Picks Recap for 8/13/12

Futures Calls Recap for 8/13/12

We identified that volume was extremely light very early and backed off on most calls. The NQ setup was nice but was really designed for the morning when we were playing with the UBreak level, eventually triggered long in the afternoon. See that section below. Net...

Forex Calls Recap for 8/13/12

Boring session again with no movement during European or US hours. See EURUSD and GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the new levels come out after...

Stock Picks Recap for 8/10/12

Futures Calls Recap for 8/10/12

Two stop outs (ES and NQ) and a small winner (NQ) on a narrow day in the markets. See both sections below. Net ticks: -7.5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute...

Forex Calls Recap for 8/10/12

Another slow session as the ranges were poor. One trigger and stop out on the EURUSD, see that section below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts coming into the new week...

Stock Picks Recap for 8/9/12

Futures Calls Recap for 8/9/12

A narrow ranged day in the markets (6 ES points) with only 1.6 billion NASDAQ shares. Mark’s ES call stopped twice, see ES section below. Net ticks: -14 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional...

Forex Calls Recap for 8/9/12

A winner and a loser for the session with the short GBPUSD still in play as I right this. See EURUSD and GBPUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight after 5 pm EST when the...

Tradesight Market Preview for 8/9/12

The ES continues to grind, adding only one handle to the high close of the move. Settlement was right at the static trend line and this will continue to influence price. The next level that will come into play will be the open gap at 1409. The NQ futures...

Stock Picks Recap for 8/8/12

Futures Calls Recap for 8/8/12

Gains at least to the first target on the ES and NQ, see those sections below. Net ticks: +5 ticks. As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session: ES: Mark’s...

Forex Calls Recap for 8/8/12

A much slower week than last week with just two stop outs and one night without a trigger. This time, the GBPUSD short stopped, see that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat...

Tradesight Market Preview for 8/8/12

The ES made a new high on the day but is still contained below the active static trend line which was tested intraday. There is little to add here, this is the line in the sand before a retest of the highs. The NQ futures were higher on the day by 24 and...

Stock Picks Recap for 8/7/12

Futures Calls Recap for 8/7/12

A winner on the ER and a stop out on the NQ for the session, but volume and range were much improved, even if we got glued to the VWAP in the afternoon. See both sections below. Net ticks: -3.5 ticks. As usual, let’s start by looking at the ES and NQ...

Forex Calls Recap for 8/7/12

An unusual session in that neither trade triggered on the EURUSD as the range was only 60 pips. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Read More →

Tradesight Market Preview for 8/7/12

The ES gained one handle on the day but left a distribution candle at range high. At Tradesight we call this particular setup as camouflage sell signal. This happens when there are two up days followed by an up day that closes BELOW the opening price. This...

Stock Picks Recap for 8/6/12

Futures Calls Recap for 8/6/12

A winning trade on the NQ in the opening 30 minutes and then the market went dead flat all day as NASDAQ volume dipped way back down to less than 1.4 billion shares. See NQ section below for the trade recap. Net ticks: +7 ticks. As usual, let’s start...

Forex Calls Recap for 8/6/12

No range and a single stop out to start the week. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered short at A and stopped for 25 pips: Read More →

Tradesight July 2012 Futures Results

Before we get to July’s numbers, here is a short reminder of the results from June. The full report from June can be found here. Tradesight Tick Results for June 2012 Number of trades: 60 Number of losers: 26 Winning percentage: 56.7% Net ticks: +16 Reminder:...

Tradesight July 2012 Forex Results

Before we get to July’s numbers, here is a short reminder of the results from June. The full report from June can be found here and you can get the last several months in a row vertically by clicking here and scrolling down Tradesight Pip Results for...

Stock Picks Recap for 8/3/12

Futures Calls Recap for 8/3/12

Another winning session on the ES to close out the week. The trade had to be in the morning, because the market went flat for the rest of the session. Volume was 1.7 billion NASDAQ shares. Net ticks: +9 ticks. As usual, let’s start by taking a look at...

Forex Calls Recap for 8/3/12

A nice way to end the week with a huge winner in the EURUSD. See that section below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts coming into the new week with the Seeker and Comber separately...

Stock Picks Recap for 8/2/12

Futures Calls Recap for 8/2/12

A winning session on the ES as the market saw better volume. NASDAQ volume totaled 1.8 billion shares at the close. See ES section below for the trade recap. Net ticks: +12 ticks. As usual, let’s start by looking at the ES and NQ with our market directional...

Forex Calls Recap for 8/2/12

A strange session with the rate announcements out of Europe. We had a winner in the EURUSD, but it went much further and came back. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight,...

Tradesight Market Preview for 8/2/12

The ES lost 4 handles in very indecisive fashion which leaves the mini pattern still boxed up and in need of resolution. The real move after an FOMC decision often comes the day after the announcement so be ready for a breakout of this range on Thursday. The...

Stock Picks Recap for 8/1/12

Futures Calls Recap for 8/1/12

A decent move early after a gap up, and volume was weak for the session despite the Fed announcement in the afternoon. The bulk of the session was flat between the 60-minute mark and the Fed announcement at 2:15 pm EST. One winner and another trigger that...

Forex Calls Recap for 8/1/12

As expected, a dead session ahead of the Fed. This is the one session where we trade later in the morning after the announcement if the trades haven’t triggered. We stopped out in the money on the prior day’s EURUSD trade. See that section below. Here’s...

Tradesight Market Preview for 8/1/12

Put/call ratio alert–see below! The futures are still marking time before the FOMC decision and commentary Wednesday. On the day, the ES lost 6 handles but is still short term positive. Note that the CCI has lost it’s positive bias. The NQ was relatively...

Stock Picks Recap for 7/31/12

Futures Calls Recap for 7/31/12

As expected, the market was extremely flat again today between the end of the month and the first day of a Fed meeting. We spent a huge piece of the day (the whole morning) inside a 4 point Value Area on the ES. Not pretty. One winner and one loser on the...

Forex Calls Recap for 7/31/12

An interesting session. We had a short idea in the GBPUSD that worked and a long idea in the EURUSD that worked. See both below, and we are still long the EURUSD. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat...

Tradesight Market Preview for 7/31/12

The ES lost 2 on the day posting a range high doji. Tradesight subscribers and Twitter followers got an early indication today that the VIX was signaling that there would be no net advance in the ES today. Since both the ES and the VIX were higher on the day...

Stock Picks Recap for 7/30/12

Futures Calls Recap for 7/30/12

Not much of a session as volume dropped back sharply to only 1.3 billion NASDAQ shares and the market did very little for most of the session. NQ triggered short after lunch and just missed the first target by half a tick. Tomorrow is the start of a 2-day...

Forex Calls Recap for 7/30/12

A non-event session as the EURUSD short triggered and didn’t even get to the first target or the stop. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight, but we start a 2-day...

Stock Picks Recap for 7/27/12

Futures Calls Recap for 7/27/12

A loser and a winner to close out the week. Volume was strong early, then drifted off, spiked back up on news out of Europe over lunch, and then drifted off again for the afternoon on a summer Friday. Volume has been up and earnings and GDP are behind us,...

Forex Calls Recap for 7/27/12

Closed out a 170 pip winner on the GBPUSD from the prior session, but had a trigger and stop out on the EURUSD overnight. See both sections below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily...

Stock Picks Recap for 7/26/12

Futures Calls Recap for 7/26/12

We had a big gap in the market that took us well above our key Levels, making setups for futures difficult (the ES only touch the R2, and that was the low of the session). One stop out and the retrigger worked, see ES below. Net ticks: -1.5 ticks. As usual,...

Forex Calls Recap for 7/26/12

A nice winner in the GBPUSD, and we’re still carrying the second half of the trade. See that section below. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. GBPUSD: Triggered long at...

Tradesight Market Preview for 7/26/12

There is nothing new technically in the ES because it traded inside the prior day’s range. The futures gained 5 on the day but it means little when range bound. Options unraveling remains to be seen. The NQ futures were lower on the day but posted a camouflage...

Stock Picks Recap for 7/25/12

Futures Calls Recap for 7/25/12

We had a winner again the ES, and the second half stopped in the money. Another call in the afternoon that was set up beautifully didn’t trigger. See ES section below. Net ticks: +5.5 ticks. As usual, let’s start by looking at the ES and NQ with...

Forex Calls Recap for 7/25/12

We had a winner in the EURUSD, and stopped out of the second half of the trade well in the money. All flat again. We’re getting closer to that key look at Q2 GDP on Friday, which the market is going to care about a lot. Here’s the US Dollar Index...

Tradesight Market Preview for 7/25/12

The ES lost 14 on the day which didn’t feel too bad until the prior day’s range was taken out. This left the settlement right at the 50dma with next support at the 200dma. The NQ futures were lower on the day by 31 which was a parity move with the broad...

Stock Picks Recap for 7/24/12

Futures Calls Recap for 7/24/12

We had an ES trade that worked, an NQ trade that didn’t, and then an NQ trade later that worked for a couple of ticks before I closed it out for lack of action. See both sections below. Net ticks: -2.5 ticks. As usual, let’s start out by looking...

Forex Calls Recap for 7/24/12

One stop out on the GBPUSD. See that section below. Fairly slow session with light range. New calls and Chat tonight. Slow week so far. Here’s the US Dollar Index intraday with our market directional lines: GBPUSD: Usually, when the market addresses...

Tradesight Market Overview for 7/24/12

The ES lost 15 on the day but managed to post a camouflage buy signal by settling above the open. Price remains in the upward regression channel. The camouflage signal implies that the ES will take out Monday’s high before the low. The NQ was lower by 34...

Stock Picks Recap for 7/23/12

Futures Calls Recap for 7/23/12

Started out the week with an ES call that turned into a gain using our market directional tool. See that section below. Net ticks: +8 ticks. As usual, let’s start by looking at the ES and NQ with our market directional lines, Seeker, and VWAP: ES: Triggered...

Forex Calls Recap for 7/23/12

The market gapped and I didn’t like the setups that I was seeing, particularly back for weakness in the USD. Fortunately, that wasn’t the direction that we headed anyway. I put in a short idea which triggered and stopped, see EURUSD below with...

Stock Picks Recap for 7/20/12

Futures Calls Recap for 7/20/12

Options expiration is never an exciting day and is usually a good time to lower trading size, and this was no exception. We closed out the week with the only negative day of the week, with one ES short that triggered twice and stopped both times. See that...

Forex Calls Recap for 7/20/12

One final winner to close out the week. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts with...

Stock Picks Recap for 7/19/12

Futures Calls Recap for 7/19/12

Several calls early, but it was the ES short that triggered and worked. See that section below. Net ticks: +4.5 ticks. As usual, we will start with the ES and NQ with our market directional lines, VWAP, and Seeker: ES: Triggered short at A at 1369.25, hit...

Forex Calls Recap for 7/19/12

EURUSD: Triggered long over R1 at A and stopped. One piece of the short triggered at V and stopped, but the rest triggered at C, hit first target at D, and stop was moved over entry and stopped at E: Read More →

Stock Picks Recap for 7/18/12

Futures Calls Recap for 7/18/12

A winner on the NQ and a loser on the ES resulted in net gains again in the session. See both sections below for their recaps. Net ticks: +4.5 ticks. As usual, let’s start by looking at the ES and NQ with our market directional lines, VWAP, and Seeker: ES: Triggered...

Tradesight Market Preview for 7/19/12

The NQ futures were higher on the day by 33 handles easily topping the relative performance from the SP side of the market. Price settled just below the prior high water mark on the move. The next critical overhead that will come into play is the 4/8 Murrey...

Forex Calls Recap for 7/18/12

An early half-size trigger that stopped and a normal session trigger that hit the first target, both on the EURUSD. See that section below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered...

Tradesight Market Preview for 7/18/12

The ES was higher on the day by 11 which produced a settlement above the Friday and Monday high. Price has made good on a measuring day breakout and is now above all the major moving averages. The NQ futures lagged the broad market but managed to gain 16...

Stock Picks Recap for 7/17/12

Futures Calls Recap for 7/17/12

Nice winner in the ES on the short side after the market gapped up and broke lower to fill the gap. It was a classic Value Area play. See ES section below. Net ticks: +12.5 ticks. As usual, let’s start out by taking a look at the ES and NQ with our market...

Forex Calls Recap for 7/17/12

Nice session. Stopped out of the second half of the GBPUSD long from the prior session in the money and had a winner in the EURUSD. See both sections below. New calls and Chat tonight. Here’s a look at the US Dollar Index intraday with our market direction...

Tradesight Market Preview for 7/17/12

The ES lost 4 on the day settling right around where they opened today. This could have been a classic measuring day where Friday’s explosive buying need to take a breather. The key near-term level is Friday’s high and also the midpoint from the same candle. The...

Stock Picks Recap for 7/16/12

Futures Calls Recap for 7/16/12

Mark put in two calls that both worked to their first targets. See ES and NQ sections below for a positive start to the week in futures. Net ticks: +5 ticks. As usual, let’s start with a look at the ES and NQ with our market directional lines, Seeker,...

Forex Calls Recap for 7/16/12

One loser and one winner in the GBPUSD to start the week, and we’re still carrying the second half of the long idea. See that section below. New calls and Chat this afternoon, although they might be closer to 8 pm EST. Here’s the US Dollar Index...

Stock Picks Recap for 7/13/12

Futures Calls Recap for 7/13/12

Despite very weak volume in the market, we had a nice setup on the NQ today and played it well in the opening hour. See that section below. No other calls since the session was so light on volume. Net ticks: +8 ticks. As usual, let’s start with a look...

Forex Calls Recap for 7/13/12

Nice GBPUSD trigger, perfect setup and test of the level and then triggered and worked for 100 pips to the final exit. See that section below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily...

Stock Picks Recap for 7/12/12

Futures Calls Recap for 7/12/12

Started out good with a nice ER winner early, but then two ES stop outs erased that as market volume went lighter again (not as bad as Monday though). NASDAQ volume was 1.6 billion shares. Net ticks: -4.5 ticks. As usual, we will start with the ES and NQ with...

Forex Calls Recap for 07/12/12

Clean trigger and winner in the GBPUSD, see that section below. New calls and Chat tonight to close out the week. I will be on the road all of next week. Levels will go up as usual, reports might be a little late from time to time, and the calls could be late...

Stock Picks Recap for 7/11/12

Futures Calls Recap for 7/11/12

An interesting day. The ES only barely touched a single level for the whole session, finding support at LBreak. Don’t think I’ve ever seen a day like that. Short trade triggered and stopped early, market volume was too light after that to bother....

Forex Calls Recap for 7/11/12

A waste of time session with just a 5-pip plus spreads loser in the GBPUSD. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. Back to normal size, but this has not been exciting...

Stock Picks Recap for 7/10/12

Futures Calls Recap for 7/10/12

A nice day. We had a good setup early on the ES against the UPT which triggered and stopped, but then shorts in the NQ and ER set up nicely and worked well. See those sections below. Net ticks: +29 ticks. As usual, let’s start by taking a look at the...

Forex Calls Recap for 7/10/12

A loser and a winner (not quite a wash) on the EURUSD. See that section below. Trade Balance tomorrow morning, so half-size tonight ahead of that. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat this evening. EURUSD: tell...

Tradesight Market Preview for 7/10/12

The NDX lost 2 points on 1.3 billion NASDAQ shares, a very weak volume day. Note that for those that understand the Tradesight Seeker tool, technically, the NDX had a 13 buy signal on Friday, although if you use the “8 bar qualifier,” it did not...

Stock Picks Recap for 7/9/12

Futures Calls Recap for 7/9/12

Volume ended up being worse than last week, and although stocks moved well, the futures market was extremely dull and spent most of the session stuck in the Value Area. Although we encourage less size in a light-volume environment, our raw data totals only...

Forex Calls Recap for 7/9/12

Partial entry stopped on EURUSD to start the week in a session where the range was only 60 pips on the EURUSD. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: The EURUSD...

Stock Picks Recap for 7/6/12

Futures Calls Recap for 7/6/12

Another light volume day as expected, but this time we squeaked out minor gains on just two calls. See ES and NQ sections below. Net ticks: +3 ticks. As usual, let’s start by looking at the ES and NQ with our market directional lines, Seeker, and VWAP: ES: Triggered...

Forex Calls Recap for 7/6/12

Wrapped up what we knew would be a bad week coming in with a half-sized trade in the EURUSD ahead of NFP data. See that section below. Should be back to normal next week and I will be normal size in my trading again. As usual on the Sunday report, we will...

Stock Picks Recap for 7/5/12

Futures Calls Recap for 7/5/12

Volume ended up being even worse today in the market than Monday. We did go ahead with two calls early despite the volume. The first one worked and the second one did not (although the second setup was terrific). See ES section below. Net ticks: -4.5 ticks. As...

Forex Calls Recap for 7/5/12

We were half size for the Holiday week, but would have been half size anyway with the ECB and BoE rate announcements, and the BoE one stopped us out of the trade (which is why we go half size for those). See GBPUSD below. One more day and then back to a better...

Tradesight Market Preview for 7/5/12

The ES posted a relatively inside day where a 10 handle gap down was recovered. Since trade was contained within the prior day’s there is nothing new technically. The NQ futures were higher by 27 on the day and are just below the key 4/8 midpoint of the...

Stock Picks Recap for 7/3/12

Futures Calls Recap for 7/3/12

No calls for the half day. Might not be much for calls Thursday or Friday if everyone remains on vacation. As usual, let’s look at the ES and NQ with our market directional lines, Seeker, and VWAP first: Read More →

Forex Calls Recap for 7/3/12

Pretty much as expected. No range, so we stay half sized, two stop outs on EURUSD: Levels will be posted tonight, but no calls for US Holiday. Calls resume tomorrow. EURUSD: Triggered long at A, stopped at B. Triggered short at C, stopped at D: Read More →

Tradesight Market Preview for 7/3/12

The ES gained one handle on the day but left a bearish range high camouflage sell signal on the chart. Naz was higher by 4 on the day but also bearishly settled below the close. The 10-day Trin is still in oversold territory with keeps the overall market...

Stock Picks Recap for 7/2/12

Futures Calls Recap for 7/2/12

As expected, a waste of time with no one around trading for the Holiday week. Tuesday is only a half day, so we most likely won’t have any calls. The market is closed Wednesday. We resume Thursday, although I don’t expect any action until Monday. We...

Forex Calls Recap for 7/2/12

And this is why we go half-size for a week with a strange Holiday layout like this one. The market ignored virtually all technicals for the session. See EURUSD below for the trade that triggered. Here’s a look at the US Dollar Index intraday with our...

Tradesight June 2012 Forex Results

Finally, a much better month in Forex. Before we get to June’s numbers, here is a short reminder of the results from May. The full report from May can be found here and you can get the last several months in a row vertically by clicking here and scrolling...

Tradesight June 2012 Futures Results

Tradesight officially added a Futures trade call service back in 2011, and two months ago we added a daily report for the futures service. This allows us to recap for archival purposes our results. Currently, we have 10 years of day-by-day trade results in...

Stock Picks Recap for 6/29/12

Futures Calls Recap for 6/29/12

No trades for the end of quarter after the large gap. Next week could be very light due to the Holiday. Markets are closed Wednesday. Things should pick up the week after, HOWEVER, be aware that the start of the third quarter is usually good, and with the...

Forex Calls Recap for 6/29/12

A nice 200-pip winner in the EURUSD to close out the week, month, and quarter. See that section below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts with the Seeker and Comber separately...

Stock Picks Recap for 6/28/12

Futures Calls Recap for 6/28/12

We got the Supreme Court ruling on the ACA, and it really didn’t generate the market excitement either way that I was expecting, at least until the last 45 minutes or so. Volume closed out weak again at 1.6 billion NASDAQ shares, and we had a couple...

Forex Calls Recap for 6/28/12

A small winner in the EURUSD (hit first target and second half stopped at original stop overnight). See that section below. Market was dead flat after that, so nothing else to do. New calls and Chat tonight as we close out Q2 and head into the Holiday week....

Stock Picks Recap for 6/27/12

Futures Calls Recap for 6/27/12

Another day of mixed results and false starts before the real move, all of it on light volume. See NQ and ES sections below. Net ticks: -2.5 ticks. First, let’s look at the ES and NQ with our market directional lines, Seeker, and VWAP: ES: Triggered...

Forex Calls Recap for 6/27/12

A clean winner for the session in the EURUSD on the short size, and we’re still holding the second half of that play as I write this. See that section below. Here’s the US Dollar Index intraday with our market directional tools: New calls and...

Tradesight Market Preview for 6/28/12

The ES was higher by 10 handles on the day after having enough oversold energy loaded into it. Price remains above the 200dma and on the north side of the 1312.50 level that has dominated the May/June trading to date. The NQ futures were higher by only 9...

Stock Picks Recap for 6/26/12

Tradesight Market Preview for 6/27/12

The ES was higher by 9 on the day recording a Seeker 13 exhaustion buy using the most aggressive methodology. The Seeker conservative approach will defer an exhaustion buy signal until there is a close below or equal to the June low. The NQ futures posted...

Futures Calls Recap for 6/26/12

Lots of triggers on another choppy day where market direction changed eight times. Volume was again weak at 1.5 billion NASDAQ shares. See ES and NQ sections below for recaps. Net ticks: -13 ticks. As usual, let’s start by looking at the ES and NQ with...

Forex Calls Recap for 6/26/12

Not a great session once again, just choppy back and forth action in a narrow range. See EURUSD for trade call summaries. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight as we head toward the end of...

Tradesight Market Preview for 6/26/12

The ES lost 20 handles on the day putting it back to short term negative and well below the two prior highs. The NQ futures lost 47 on the day and are again short term negative. The 0/8 Gann level is key support and then there is the 200dma below that. The...

Stock Picks Recap for 6/25/12

Futures Calls Recap for 6/25/12

Another very light volume day (by my count, fifth lightest of the year) with predictable results. The first move through our ES trigger stopped and the second one hit the first target. Another trade late in the day did nothing and I closed it out at even....

Forex Calls Recap for 6/25/12

A winner to start the week on the EURUSD, see that section below. We’re currently still short, although the stop is near and could stop us out before new calls are made later today. Here’s a look at the US Dollar Index intraday with our market...

Stock Picks Recap for 6/22/12

Futures Calls Recap for 6/22/12

Triggered short at 1322.50 at A and stopped. Triggered long at 1327.00 at B and stopped. Short retriggered at C, hit first target for six ticks, and moved stop over the entry and stopped. Couldn’t even fill the gap. There was a nice cup and handle in...

Forex Calls Recap for 6/22/12

Almost no range, no action, and no attention paid to technical levels on a drifting session. This one was of the narrowest and yet most meandering session I can recall in Forex. Watching it was painful. AUDUSD short triggered and stopped. EURUSD stopped second...

Stock Picks Recap for 6/21/12

Futures Calls Recap for 6/21/12

Couple of nice winners early, and the ES stopped in the money by just a tick before resuming what would have been a much bigger winner. Oh well, still good. See ES and NQ sections below, and then the market got a little out of range for regular calls. Net...

Forex Calls Recap for 6/21/12

One clean full size trigger and a nice winner out of it in the EURUSD. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD; Triggered short at A, hit first target at B, still...

Stock Picks Recap for 6/20/12

Tradesight Market Preview for 6/21/12

After the fed meeting and announcement the ES was unchanged on the day. This leaves an indecisive doji at range high of the move. Price remains above the 50dma and the Seeker count is only 5 days up. The NQ futures also doji’ed and settled up 5 handles...

Futures Calls Recap for 6/20/12

As expected, not a very interesting day in the market with the Fed announcement. An early NQ trade went nowhere as volume was weak. After the Fed, an ES short stopped once, then worked. An ER call late stopped. See those sections below. Very choppy action. Net...

Forex Calls Recap for 6/20/12

The session was a little unique in that the Forex pairs usually either do nothing after a Fed announcement or pick one direction and stick with it. In this case, the initial move was strong in favor of the Dollar, then we reversed even stronger, and then came...

Tradesight Market Preview for 6/20/12

The ES settled above the 50dma for the first time since April, gaining 10 on the day. The next challenge for the up move will be 1375. The NQ futures were higher by 25 on the day and settled above the 50dma. The 10-day Trin has more room to go before recording...

Stock Picks Recap for 6/19/12

Futures Calls Recap for 6/19/12

Two ES calls, one in the morning worked, and one in the afternoon didn’t when volume fizzled once again. See that section below. Net ticks: +1.5 ticks. As usual, let’s start by looking at the ES and NQ with our market directional lines, Seeker,...

Forex Calls Recap for 6/19/12

A loser and a winner on the GBPUSD, see that section below, and we are still long the second half of the trade. New calls and Chat tonight, but we will be half size ahead of the Fed announcement. Here’s the US Dollar Index intraday with our market directional...

Tradesight Market Preview for 6/19/12

The ES was higher by 3 on the day. This is a marginal new high on the move and leaves price just below the 50dma. The NQ futures also made a new high on the move breaking above the reverse head and shoulders neckline. The next challenge for the advance will...

Stock Picks Recap for 6/18/12

Futures Calls Recap for 6/18/12

Volume was light again (NASDAQ volume closed at only 1.4 billion shares) so we kept it to a simple trade again on the ES for a winner. See that section below. Net ticks: +5.5 ticks. Let’s start as usual by looking at the ES and NQ with our market directional...

Forex Calls Recap for 6/18/12

Winner to start the week in the GBPUSD after a gap in the markets from the vote in Greece. See GBPUSD section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. GBPUSD: Triggered short at A, hit...

The Current Market Doldrums

I’ve been getting a lot of questions about market volume and the resulting lack of action in the markets, especially the last month. I’ve written enough pieces on volume in the past that I will skip that here, but I did want to address a few things...

Stock Picks Recap for 6/15/12

Futures Calls Recap for 6/15/12

Just one trade call for triple options expiration, and it was a small winner on the ES. Ranges were narrow and even though volume was up early (just options prints) at 450 million shares after an hour on the NASDAQ, it died down and closed at the usual 1.5...

Forex Calls Recap for 6/15/12

Third day with no trades as the EURUSD amazingly (despite the looming vote in Greece) sat still. Definitely flat for the vote. Here’s a look at the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we will look...

Stock Picks Recap for 6/15/12

Futures Calls Recap for 6/14/12

Another day with volume heading LOWER, and we continue to see sweeps before moves on the triggers. THe ES call triggered twice and stopped both before finally working. The NQ call worked fine the first time. Volume was only 1.4 billion NASDAQ shares, and it...

Forex Calls Recap for 6/14/12

A new record: Two days in a row without one of our trades triggering, although yesterday was because the EURUSD and GBPUSD went in separate directions. Today was about narrow ranges. You do, however, know that you have the right triggers when they are basically...

Tradesight Market Preview for 6/14/12

The ES remains boxed up and could frustratingly settle the week in the 1312.50 area that has been such a strong draw for many sessions now. The day’s candle was essentially inside the prior days so there is nothing new technically. Like the SP, the NQ futures...

Stock Picks Recap for 6/13/12

Futures Calls Recap for 6/13/12

Three triggers on the ES with a loser and two winners, although we didn’t get the options unraveling move that we were hoping that would have made the second trade a much bigger gain. See that section below. Net ticks: +5.5 ticks. Let’s start by...

Forex Calls Recap for 6/13/12

No new triggers as we had a EURUSD short idea and a GBPUSD long idea and both pairs went the other way. We did stop out of the second half of our existing EURUSD short in the money. See that section below. CPI tomorrow means half size and low expectations. Here’s...

Tradesight Market Preview for 6/13/12

The ES was higher by 19 on the day trading inside the prior day’s large range. This means that there is nothing new technically. This marks the fourth day that price has been consolidating. The NQ futures were higher by 35 on the cay but are still in a...

Stock Picks Recap for 6/12/12

Futures Calls Recap for 6/12/12

Several trades triggered (6 in total between ES, NQ, and ER). Two stop outs as volume continued to be light, but we netted out gains for the day. See those sections below. Net ticks: +5.5 ticks. First, let’s start by looking at the ES and NQ with our...

Forex Calls Recap for 6/12/12

One loser but we continue to carry the EURUSD short from the prior session in the money. See EURUSD section below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: We came into the session still...

Tradesight Market Preview for 6/12/12

The ES gapped up big, but not over the UPT, and was sold, sold, sold. This leaves a decisive midrange outside day down on the chart. The futures lost 22 on the day with price back below the short term trend defining 10ema. The NQ futures also had a miserable...

Stock Picks Recap for 6/11/12

Futures Calls Recap for 6/11/12

Couple of trades on another very light volume day as the NASDAQ traded only 1.3 billion shares, far below the 2.0 billion share average that we like to see. See ES and NQ sections below. Net ticks: -9 ticks. First, let’s take a look at the ES and NQ...

Forex Calls Recap for 6/11/12

We got a huge gap in the Forex pairs for the start of the week, which created a unique setup for trades. However, the gap ended up filling and we had a nice winner on the EURUSD in the process. See that section below. Here’s the US Dollar Index intraday...

Stock Picks Recap for 6/8/12

Futures Calls Recap for 6/8/12

Just one trade as the market was incredibly light with NASDAQ volume closing at only 1.3 billion shares, the lightest of the year. See ES below. Net ticks: +2 ticks. Here’s the ES and NQ intraday with our market direction lines, Seeker, and VWAP: ES: Triggered...

Forex Calls Recap for 6/8/12

Another winner to close out the week. Five for six for the week in total. Nice stuff, and the ranges have been back up, Hopefully, this holds. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts...

Stock Picks Recap for 6/7/12

Futures Calls Recap for 6/7/12

Our first round of futures trades triggered short on the spike on Bernanke’s comments to Congress and stopped, but then we had three trades that at least hit their first targets. Not much follow through though. See ES and NQ sections below. Net ticks:...

Forex Calls Recap for 6/7/12

Finally ended up with a stop out for the week after a nice run. See EURUSD below. New calls and Chat tonight, but half size ahead of Trade Balance in the morning. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered...

Austerity and Technology: Two evil words for employment

Tradesight economic reports pre-date the current website. In 2000, I predicted that the market would close lower when Bush left office than when he came in. This had never happened with a 2-term President until Bush 2, by the way, but it ended up happening....

Tradesight Market Preview for 6/7/12

The ES was higher by a full 30 handles. Price broke decisively above the 10ema. It was a relatively easy day to trade because the ES opened just above the upper pressure threshold and never dipped below it. The NQ futures were higher by 61 on the day which...

Stock Picks Recap for 6/6/12

Futures Calls Recap for 6/6/12

Two clean trades today that triggered, hit a partial, and stopped the second half under the entry. Nothing major, but we tacked on gains. See ES and NQ sections below. Net ticks: +5 ticks. Here’s the ES and NQ with our market directional lines, Seeker,...

Forex Calls Recap for 6/6/12

Another winner (and you really should have done it twice), see EURUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional tools: EURUSD: Triggered long at A, hit first target at B, raised stop under entry...

Tradesight Market Preview for 6/6/12

The ES was higher on the day gaining 12 handles. Price has come back to interact with the key 200dma which continues to be a draw. The next important area overhead will be the 10ema and the May lows which area approximately the same. The NQ futures gained...

Stock Picks Recap for 6/5/12

Futures Calls Recap for 6/5/12

A great day in our futures trading, although an afternoon trade stood little chance with no market volume. See the ES and ER sections below for reviews. We won 3 out of 5, but two of the winners worked like we like to see them. Net ticks: +25.5 ticks. First,...

Forex Calls Recap for 6/5/12

Two more winners to start the month and we closed out the second half of the long from the prior month in the money. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: New long...

Tradesight Market Preview for 6/5/12

The ES wandered around on the day, expanded the range and settled lower on the day by one handle. This is the second close in a row below the 200dma. Note the important level of support just below at the 0/8 level. The NQ futures closed right in the middle...

Stock Picks Recap for 6/4/12

Futures Calls Recap for 6/4/12

ES: ES triggered short under LBreak at A, hit first target for 6 ticks at B, lowered stop over 1272 and stopped in the money on the second half. Mark later called a long that triggered at C, hit first target for 6 ticks at D and stopped under the entry on...

Forex Calls Recap for 6/4/12

A very flat session overnight (UK was on Holiday), but we got a clean winner in the US session on the EURUSD. See that section below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered...

Tradesight May 2012 Forex Results

Before we get to May’s numbers, here is a short reminder of the results from April. The full report from April can be found here and you can get the last several months in a row vertically by clicking here and scrolling down Tradesight Pip Results for...

Stock Picks Recap for 6/1/12

Futures Calls Recap for 6/1/12

A winner and a loser on the ES for essentially a flat session as the market gapped big again and volume flattened out after the first 60 minutes. We did get to 1.9 billion NASDAQ shares finally. Net ticks: -1 tick. First, let’s take a look at the ES...

Forex Calls Recap for 6/1/12

Some winners and a loser in the GBPUSD to close out the week and month of May. Glad it is over. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into the new week with the Seeker and...

Stock Picks Recap for 5/31/12

Futures Calls Recap for 5/31/12

A solid day of trading the futures even though volume remains on the light side (it closed out a little better at 1.7 billion NASDAQ shares, which probably explains the afternoon opportunity). We had two winners in the ES and one in the NQ. No losers today....

Forex Calls Recap for 5/31/12

Another light session that tried both ways and failed on light ranges. See EURUSD below. New calls and Chat tonight, but we will be half size ahead of the NFP data. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered...

Tradesight Market Preview for 5/31/12

The ES gapped down (blow the lower pressure threshold) and closed on the low losing 25 on the day. Price is now back below the 10ema and again short-term negative. The NQ futures were lower by 28 on the day but much stronger than the broad market because...

Stock Picks Recap for 5/30/12

Futures Calls Recap for 5/30/12

Another slow session for futures as the market volume was horrible (NASDAQ volume only 1.5 billion at the close). One winner and two losers as the market looked setup for a nice rally late but fizzled on light volume and did nothing. See ES and NQ sections...

Forex Calls Recap for 5/30/12

An unfortunate session as we were stopped out just barely on a EURUSD trade that ended up working great after. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered...

Tradesight Market Preview for 5/30/12

The ES gapped up and gained 18 on the day. This makes the short term chart positive since it has closed back above the 10ema. The NQ futures also closed back above the 10ema and turned short term positive. There was some distance from the HOD to the close...

Stock Picks Recap for 5/29/12

Futures Calls Recap for 5/29/12

A very light volume day as expected. Two losers (ES) and a winner (NQ), see both sections below. Net ticks: -11.5 ticks. First, let’s take a look at the ES and NQ with market directional lines, VWAP, and our Seeker tool: ES: Triggered short by a tick...

Forex Calls Recap for 5/29/12

Not much action early despite coming back from a long weekend, but then things started moving in the US session. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat this evening. EURUSD: Triggered...

The Magic Number on the ES: 1312.50

Let’s talk a little bit about the cosmic importance of the number 1312.50 on the ES front month futures contract. This level, what we call a tri-star level, has been a magnet point for the market many times in the last 13 (yes, 13) years. We consider...

Stock Picks Recap for 5/25/12

Futures Calls Recap for 5/25/12

As expected, a dead trading session for the markets as everyone headed out for the long weekend. Just to put something up, I took a stab at the ES short into the Value Area/under the Pivot, which didn’t work, see that section below. Traded small size...

Forex Calls Recap for 5/25/12

One loser to close the week as the big players were already out the door. There wasn’t even an end of week bank closeout Friday morning ahead of the long weekend. Just dead flat. See EURUSD below. Here’s the US Dollar Index intraday with our market...

Stock Picks Recap for 5/24/12

Futures Calls Recap for 5/24/12

As expected, market volume and activity are drying up as we head into the long weekend. Friday will be a slow mess, so trade at your own risk. Anything worth doing will probably be in the first hour or ninety minutes. Winner in the ES, loser in the QM and...

Forex Calls Recap for 5/24/12

A very flat session with the EURUSD and GBPUSD dropping to about 60 pips of range again. Here’s the US Dollar Index intraday with our market directional lines: We also closed out the EURUSD short from the prior session for about 160 pips. New calls...

Tradesight Market Preview for 5/24/12

The ES is trying to make a turn but while the futures were up on the day they remain below our trend defining 10ema. The NQ futures put in a better day closing up 5 but they still remain below the 10ema. Note that today’s low was lower than yesterday’s...

Stock Picks Recap for 5/23/12

Futures Calls Recap for 5/23/12

Took 6 trades to get 2 winners with both the ES and NQ short ideas sweeping twice before working. See both sections below. Net ticks: -11 ticks. First, let’s take a look at the ES and NQ with our market directional lines, VWAP, and Seeker: ES: Here’s...

Forex Calls Recap for 5/23/12

Another winner, plus the EURUSD short from the prior session continues to work and is now 100 pips in the money. See EURUSD and GBPUSD sections below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Lowered...

Tradesight Market Preview for 5/23/12

The ES posted the measuring day that we were looking for. Price tested the 10ema, retreated and ultimately settled down 1 on the day. Wednesday is the important day to see if the bulls can build on Monday’s reversal candle. The NQ futures posted exactly...

Stock Picks Recap for 5/22/12

Futures Calls Recap for 5/22/12

Ended up with two trades that triggered after the market headed away from our short idea early, and both worked fine in the afternoon. See NQ and ES sections below. Total ticks: +18 ticks. Let’s start by looking at the ES and NQ with our market directional...

Forex Calls Recap for 5/22/12

Had a winning trade in EURUSD for the session, see that section below. Still holding the second half of the short. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered short at A, never...

Tradesight Market Preview for 5/22/12

The ES took a turn for the better rallying 25 full handles on a fist day up. Note that price is still below the short term trend defining 10ema so expect a measuring day tomorrow. The NQ futures were higher by 75 and still have oversold energy for more upside....

Stock Picks Recap for 5/21/12

Futures Calls Recap for 5/21/12

A nice run in the futures trade with a clean trigger that ran well on the ES. See that section below for the recap. Net ticks: +14. First, let’s look at the ES and NQ with market directional, VWAP, and Seeker: ES: Triggered long over our UPT level...

Forex Calls Recap for 5/21/12

Two half size losing trades to start the week as the market went nowhere. See EURUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered long very early (half size) at A and stopped....

Stock Picks Recap for 5/18/12

Futures Calls Recap for 5/18/12

We weren’t expecting much for options expiration. Ended up with a winner in the ES and a loser in the NQ, but no continuation on the winner. See those sections below. Net ticks: -4.5. We’ll start by looking at the ES and NQ with our market directional...

Forex Calls Recap for 5/18/12

Loser and a winner to close out the week in the EURUSD. See that section below. New calls and Chat Sunday for the new week. As usual on the Sunday report, we will look at the action on Thursday night/Friday, then look at the daily charts with the Seeker and...

Stock Picks Recap for 5/17/12

Futures Calls Recap for 5/17/12

A much better session for futures trading, although the morning was where the action was and volume dipped for the afternoon. We had a winner in both the ES and NQ, see those sections below. Net ticks: +10.5 Let’s start by looking at the ES and NQ with...

Forex Calls Recap for 5/17/12

A stop out in a new EURUSD call, but our GBPUSD short from the last two days finally stopped out 250 pips in the money. See both sections below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight, options expiration...

Tradesight Market Preview for 5/17/12

The ES made a new low on the move losing 6 on the day. Next support is the 2/8 Gann level. The NQ futures broke to new lows losing 21 on the day. Both the ES and NQ have down side CPS candles from today’s session. 10-day Trin: The total put/call ratio...

Stock Picks Recap for 5/16/12

Futures Calls Recap for 5/16/12

Another really choppy morning on the futures. Everything was in the ES. Net ticks: -18 1/2. First, here’s the ES and NQ with our market directional lines, Seeker, and VWAP: ES: Triggered short at A by sweeping the Pivot and immediately stopped for...

Forex Calls Recap for 5/16/12

Two new triggers that didn’t work out, and our GBPUSD short continues and currently about 150 pips in the money. See EURUSD and GBPUSD sections below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered...

Stock Picks Recap for 5/15/12

Futures Calls Recap for 5/15/12

Three triggers today, two on the ES and one on the NQ, both early, as action faded quick and the market volume was not impressive. See both of those sections below. Net ticks: -2. Here’s the ES and NQ with our market directional tool, VWAP, and Seeker: ES: Triggered...

Forex Calls Recap for 5/15/12

Another winner, this one short the GBPUSD and still holding the second half of the trade. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. GBPUSD: Triggered short at A, hit first...

Tradesight Market Preview for 5/16/12

The ES lost 6 handles on the day making a new low on the move and a new low close. Note that the Seeker count is now 9 days down. The NQ futures were also down on the day though were relatively strong vs. the broad market. Price did make a new low on the...

Tradesight Market Preview for 5/15/12

The ES lost 16 handles on the day making a new low on the move. Price undercut the key 2 bar island made in early March and has qualified the lower high set in late April. The Seeker count is now 8 days down so the broad market could see a bounce later this...

Stock Picks Recap for 5/14/12

Futures Calls Recap for 5/14/12

Several calls and triggers today, some working and some not, as the market volume dropped off sharply to only 1.5 billion NASDAQ shares by the close. We had a gap down in the market and then pressed lower, came back a bit (exactly hit the 50% retracement of...

Forex Calls Recap for 5/14/12

Nothing at all through the Asian and European sessions, and then we finally moved in the North American session and triggered a winner in the GBPUSD. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New...

My Current Trading Rig

Once a year or so, I update my trading machine, and I typically give a write-up about it for our subscribers. The current state of technology is really great. It’s important to have a clean and powerful pipeline from outside your house all the way to...

Futures Calls Recap for 5/11/12

The market gapped down today on the JPM news and headed up immediately. Sensing the reciprocal energy and the fact that the Value Areas and gaps were above, Mark immediately made an NQ call on the long side that worked fine and actually barely stopped out...

Stock Picks Recap for 5/11/12

Forex Calls Recap for 5/11/12

50 pips of range on the EURUSD. Ouch. See that section below. We close out another fairly dull week with a couple of winners and a couple of losers for the week. Very unexciting at the moment, as the action continues to be in stocks and futures. As usual on...

Stock Picks Recap for 5/10/12

Forex Calls Recap for 5/10/12

Closed out the short from the prior day on the EURUSD in the money. Lost on the GBPUSD short and closed out the second one just under the entry. See those sections below. Here’s the US Dollar Index intraday with our market directional lines: New calls...

Tradesight Market Preview for 5/10/12

The ES closed right at the key 1352 level which was the intraday low form April. The bullish development was that even though price was lower on the day the close was above the open. The NQ futures were little changed on the day but closed well above the...

Stock Picks Recap for 5/9/12

Triggered short early (half-size) at A and stopped at B. Triggered short again at C, hit first target at D, and holding second half with a stop over S1: Read More →

Forex Calls Recap for 5/9/12

Early triggered stopped and then triggered during the European session and worked on the EURUSD. See the recap below. Slow session other than that. New calls and Chat tonight as we start to get some economic data the next two days. Here’s the US Dollar...

Tradesight Market Preview for 5/9/12

The ES lost 7 handles on the day after trading at some key price. On the chart you will see the prior low close at 1357 and the prior intraday low at 1352. Both prices traded but the ES managed to close above both of those levels. Once those levels are penetrated...

Stock Picks Recap for 5/8/12

Forex Calls Recap for 5/8/12

Our EURUSD long from the prior session stopped in the money, and then we had a new winner short on the EURUSD. See that section below. Here’s the US Dollar Index intraday with our market directional tools: New calls and Chat tonight. EURUSD: Second...

Stock Picks Recap for 5/7/12

Tradesight Market Preview for 5/8/12

The ES gapped down opening at the active static trend line then rallied up to close high on the day by 3 handels. Keep in mind that while the bulls saved the one day, price remained in the lower half of Friday’s down candle. The NQ futures posted a similar...

Forex Calls Recap for 5/7/12

We had a gap to open the week that jumped us beyond most of our key levels, and the session was spent heading back in the other direction (EURUSD still hasn’t quite filled). See EURUSD section below for recap. Here’s the US Dollar Index intraday...

Trouble on the AAPL Horizon?

Let’s get a few things out of the way up front. We love to trade Apple’s stock at Tradesight. We trade it just about daily. We go long. We go short. I love the stock as a trading device. I’ve made more than 600 points on the stock over the...

Stock Picks Recap for 5/4/12

Tradesight April 2012 Forex Results

Before we get to April’s numbers, here is a short reminder of the results from March. The full report from March can be found here and you can get the last several months in a row vertically by clicking here and scrolling down. Tradesight Pip Results...

Forex Calls Recap for 5/4/12

Loser and a winner to close out the week on the EURUSD. See that section below. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week with the Seeker and Comber...

Stock Picks Recap for 5/3/12

Forex Calls Recap for 5/3/12

Here’s an example of why you don’t trade right at the moment of key interest rates announcements of the various banks. See EURUSD below. New calls and Chat tonight, but tomorrow is NFP, so half size. Here’s the US Dollar Index intraday with...

Tradesight Market Preview for 5/3/12

The ES did little on the day shaking off a disappointing ADP number. This left the chart with loss of 3 handles on day but in a subtly positive fashion, the day’s close was above the open. The NQ futures were high by 9 on the day and bullishly remain above...

Stock Picks Recap for 5/2/12

Forex Calls Recap for 5/2/12

There we go. Some movement and an easy winner in the EURUSD. See that section below. New calls and Chat tonight as we head into the last couple of days of the week and the NFP data on Friday. Here’s the US Dollar Index intraday with our market directional...

Tradesight Market Preview for 5/2/12

The ES futures were higher by 7 on the day. Price tested the YTD highs but fell back sharply after setting the high water mark at noon EST. The NQ futures were much weaker than the broad market. The NQ lost a fraction on the day making a new high over Monday’s...

Stock Picks Recap for 5/1/12

Forex Calls Recap for 5/1/12

Another dull session until the ISM data here in the US that caused a spike for 30 minutes. Strangely, the EURUSD and GBPUSD went in separate directions, both away from our triggers initially, although the news managed to hit the EURUSD short. See that section...

Tradesight Market Preview for 5/1/12

The ES capped off the month by losing 5 handles on the session. This could be a very important couple of candles because this mini-formation will either continue higher and take out the old high or will bearishly turn into a “B” wave retest that fails...

Stock Picks Recap for 4/30/12

Forex Calls Recap for 4/30/12

That was a very slow session for Forex. Both the EURUSD and GBPUSD barely traded 40 pips of range during the European session. We eventually had a trigger, but closed it out around the entry. See GBPUSD below. Tonight’s calls are the last official calls...

Stock Picks Recap for 4/27/12

Forex Calls Recap for 4/27/12

Winner and a tiny loser to close out the week, and we were trading half size for the GDP first look. See EURUSD below for the trade review. Here’s the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we’ll...

The NDX Floating Island

A “Floating Island” is a very specific technical setup on any chart. Essentially, the stock or futures contract must be heading in one direction (trending), then gap IN that same direction, trade sideways in a range, and then gap back out of that...

Stock Picks Recap for 4/26/12

Forex Calls Recap for 4/26/12

Wow, that was flat trading. Market is waiting at least for the first look at GDP for Q1, which comes out Friday morning. See GBPUSD for our trigger for the day. New calls and Chat this evening, but we will be half size ahead of the GDP. Here’s the US...

Tradesight Market Preview for 4/26/12

The ES gapped higher and closed at the HOD gaining 17. Price has advanced to the high of the recent range and also the recent breakdown level and gap window. The NQ futures were much stronger than the ES on the day exploding higher by 72 and leaving a small...

Stock Picks Recap for 4/25/12

Forex Calls Recap for 4/25/12

New trade in EURUSD stopped out (half size ahead of Fed), and then we stopped the second half of the prior day’s trade in the money. See that section below. Pretty flat session before and after the Fed. New calls and Chat tonight. Here’s the US...

Tradeisght Market Preview for 4/25/12

The ES made good on the camouflage buy signal in place from yesterday’s trade to gain 7 on the day. Earnings releases will likely continue to drive price and keep things gappy. The NQ futures were lower by 17 on the day which continues with the relative...

Stock Picks Recap for 4/24/12

Forex Calls Recap for 4/24/12

A decent winner on the EURUSD, and we’re holding the second half still. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls tonight, and Chat, but half size ahead of Fed announcement tomorrow. EURUSD: Triggered...

Stock Picks Recap for 4/23/12

Stock Picks Recap for 4/20/12

Tradesight Market Preview for 4/24/12

The ES gapped down huge on the day and really did very little with one small exception. The exception was that price closed above the open which makes for a camouflage buy signal. This puts Monday’s gap fill in play. Price was lower 13 on the day using the...

Forex Calls Recap for 4/23/12

Slow session to start the week with one tight stop out in the GBPUSD. See below. Here’s the US Dollar Index intraday with our market directional lines: A 2-day Fed meeting begins Tuesday. GBPUSD: Triggered short at A, never went enough overnight to...

Forex Calls Recap for 4/20/12

Closed out two winners to end what was a surprisingly decent week despite continued bad ranges. See EURUSD and GBPUSD below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into the...

Stock Picks Recap for 4/19/12

Forex Calls Recap for 4/19/12

Two new trades worked exactly to their first targets. See EURUSD and GBPUSD below, plus we are still long GBPUSD from the prior session. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight, but no news on...

Tradesight Market Preview for 4/19/12

The ES was lower by 5 posting an inside day on the day. This means that there was technically nothing new on the day. The NQ futures also posted an inside day losing 18 doing so. This was a classic measuring day where the market worked off yesterday’s strong...

Stock Picks Recap for 4/18/12

Forex Calls Recap for 4/18/12

Loser and a winner (still going) on GBPUSD, see that section below. Ranges were improved, let’s hope it continues. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. GBPUSD: Triggered short at A...

Tradesight Market Overview for 4/18/12

The ES was higher by 19 on the day, possibly beginning the “B” wave bounce. This is a key pivot off 9 bars down on the Seeker but does not necessarily mean that the all clear signal has been sounded. The NQ futures were higher by 49 handles settling just...

Stock Picks Recap for 4/17/12

Forex Calls Recap for 4/17/12

Closed out a 90 pip winner from the prior session and stopped out of a new trade. See EURUSD section below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat this evening. EURUSD: We had a short entry under the Pivot,...

Stock Picks Recap for 4/16/12

Forex Calls Recap for 4/16/12

Two winners to start the week (one went early, so half size, the other we still have half on). See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat this evening. EURUSD: Triggered short early (half...

Tradesight Market Preview for 4/17/12

The ES was lower by one handle on the day one handle closing at key support just above the static trend line. The pattern is now 9 days down and setup for a bounce. This doesn’t mean that the bounce will happen Tuesday but probability favors that there will...

Forex Calls Recap for 4/13/12

We closed the week out with a 90 pip winner on the EURUSD. See that section below. Here’s the US Dollar Index intraday with our market directional: As usual on the Sunday report, we’ll take a look at the action from Thursday night/Friday, then...

Stock Picks Recap for 4/12/12

Forex Calls Recap for 4/12/12

A winner, but not anything special, and then it went further after the normal time for trading and movement is done. Strange environment. Here’s the US Dollar Index intraday with our market directional lines: Half size again tonight ahead of the CPI...

Tradesight Market Preview for 4/12/12

Not much looks good here after the market dropped sharply Tuesday on volume, even though the volume disappeared again Wednesday. One key note is that the Russell 2000 (Small Cap Index) has dropped sharply and broken recent lows. The index usually rides upward...

Stock Picks Recap for 4/11/12

Forex Calls Recap for 4/11/12

A winner on the EURUSD and that’s about it as ranges remained narrow. See EURUSD below. New calls and Chat tonight but Trade Balance tomorrow morning and CPI Friday morning are two of our big three each month, so half size, which makes sense anyway in...

Stock Picks Recap for 4/10/12

Tradesight Market Preview for 4/11/12

The ES broke hard, losing 18 on the day with price settling around the active static trend line. Price is now below the 50dma for the first time in 2012. Keep a close eye on the MACD which has now turned negative. A break below the zero line would get momentum...

Forex Calls Recap for 4/10/12

Another boring session with 70 pips of range on the EURUSD. See EURUSD and GBPUSD sections below for trade recaps. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. EURUSD: Triggered short at A and stopped...

Tradesight Market Preview for 4/10/12

The ES broke down after the awkwardly reported NFP number and settled lower by 15 on the day. This is the low close of the month and is breaking down below the trend defining 10ema. Price gravitated to the 8/8 Murrey math level but most likely will tag the...

Stock Picks Recap for 4/9/12

Forex Calls Recap for 4/9/12

Half size night for me as I said in the opening comments as Europe was entirely on vacation for Easter, even though the US was not. Basically got what we should have expected out of such a session. Here’s the US Dollar Index intraday with market directional...

A Discussion of Forex Ranges

I get a lot of questions about the bad ranges that we are experiencing in Forex right now and what that means and whether the Forex market is now dead forever because of the regulations that have come about in the last few years, some of which protect consumers,...

Tradesight March 2012 Forex Results

Stock Picks Recap for 4/5/12

Forex Calls Recap for 4/5/12

A partial stop out and a nice winner to wrap the short week. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: We will post Levels tonight for those that wish to trade, but there will be no calls due to the US...

Tradesight.com Market Preview for 4/5/12

The ES gapped down below the lower pressure threshold and could not recover. Price lost 15 on the day and settled below the 10ema. The NQ futures broke below the recent range and decisively settled below the trend defining 10ema. A follow through day would...

Stock Picks Recap for 4/4/12

Forex Calls Recap for 4/4/12

Another dead session but a winner for us in GBPUSD, see that section below. New calls and Chat tonight to wrap the short week. Here’s the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered short at A early (half size) but...

A Classic Look at Window Dressing

One of the features of the end of a quarter is known as “window dressing.” Funds and institutions are measured by their performance and holdings from quarter to quarter, more than they are from month to month. What this means is that as we approach...

Tradesight.com Market Preview for 4/4/12

The ES was lower on the day by 3 handles but was contained by the previous day’s range which means there was no new technical development until price breaks the two day range. The NQ futures were relatively strong all day gaining 2 points lead by the strength...

Stock Picks Recap for 4/3/12

Forex Calls Recap for 4/3/12

Another boring session until way too late to matter. There was news around 2 pm EST, and the pairs spiked hard in favor of the USD. See EURUSD section below. Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered long early...

Stock Picks Recap for 4/2/12

Forex Calls Recap for 4/2/12

Essentially no triggers overnight as the GBPUSD never went down to the trigger and the EURUSD never broke through the long trigger, although depending on how you staggered your orders, one piece of the EURUSD entry might have triggered, see below. Here’s...

Tradesight.com Market Preview for 4/3/12

The ES started Q2 with a gain of 9 on the day. This is neither a new high nor a new high close on the move. There is nothing new technically other than settling above the 9/8 level again. The NQ futures exactly matched the high close of the move by gaining...

Stock Picks Recap for 3/30/12

Forex Calls Recap for 3/30/12

Totally flat session to end the quarter, which isn’t a surprise. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we’ll take a look at the action from Thursday night/Friday,...

Stock Picks Recap for 3/29/12

Forex Calls Recap for 3/29/12

Not much for results. Basically a loser, a winner, and a flat trade. See EURUSD and GBPUSD sections below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat this evening. EURUSD: Triggered short at A, dead flat...

Tradesight.com Market Preview for 3/29/12

The ES lost 6 handles on the day and filled the open gap in the process which crosses this off the to-do list. Thursday is the day before the end of the month and more importantly the end of the quarter which is the cue for window dressing. Be flexible and...

Stock Picks Recap for 3/28/12

Forex Calls Recap for 3/28/12

The EURUSD and GBPUSD went opposite directions overnight, missing our triggers, and then the EURUSD finally triggered in the morning. See that section below. Here’s the US Dollar Index intraday with our market directional tools: New calls and Chat this...

Tradesight.com Market Preview for 3/28/12

The ES was lower on the day by 8 handles and was totally controlled by yesterday’s range. This leaves an inside day on the chart which works off a tiny bit of the overbought energy in the pattern. The NQ futures were again relatively strong vs. the SP side....

Stock Picks Recap for 3/27/12

Forex Calls Recap for 3/27/12

A very dull session and one stop out on the EURUSD. See that section below. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered long at A and stopped. Dead night: Read More →

Stock Picks Recap for 3/26/12

Forex Calls Recap for 3/26/12

Two winners to start the week in the EURUSD, see below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered short at A, hit first target at B (never went 20 pips plus against the LBreak),...

Tradesight.com Market Preview for 3/27/12

The ES broke to new highs on the move and has cleared the next level of resistance and is moving deeper into the Murrey math overbought territory. The NQ futures also hit a new high gaining 48 on the day. Price is beginning to accelerate and get parabolic...

An Outlook on the USDJPY: Dual Exhaustion Signals

We had an interesting set of events last week on the USDJPY. Both our Seeker and Comber tools, which use different techniques to give exhaustion signals after large moves, but gave separate 13 bar sell signals on the daily chart of the USDJPY…at the...

Stock Picks Recap for 3/23/12

Forex Calls Recap for 3/23/12

A winner to close out the week in the EURUSD for a full 45 pips. See that section below. As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (a few things to see on EURUSD...

Stock Picks Recap for 3/22/12

Forex Calls Recap for 3/22/12

Loser and a draw as the market headed one way, went a little bit the other, and ended up back where it started yet again. See EURUSD and GBPUSD below. New calls and Chat tonight to wrap up what has been one of the slowest weeks in a while. Here’s the...

GOOG Trade Call Summary

Coming into the week on Sunday, we posted a swing trade idea (meaning a trigger with a stop that is meant to be held over time if needed, not just daytraded). The call was a long on GOOG, and you can read the original posting that we Tweeted and sent out via...

Tradesight.com Market Preview for 3/22/12

The ES was slightly lower on the day in distribution fashion. The chart has completed a Seeker 9 bar setup and will likely either take a pause or do something more corrective. Time will tell. The NQ futures are now 9 bars up and completed the most recent...

Stock Picks Recap for 3/21/12

Forex Calls Recap for 3/21/12

Loser and a winner (still going) for the session in the EURUSD. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat this evening. Ranges continue to be narrow. EURUSD: Triggered long at A and stopped. Triggered...

First 10-Day Trin Sell Signal in Months?

The 10-day Trin has flashed the fist overbought warning signal of the year. When the 10 day simple average of the NYSE Arms index (TRIN) goes below 0.85 the market has become sufficiently overbought for a change in trend. Below is a chart of the SP500 that...

Tradesight.com Market Preview for 3/21/12

The ES recouped a gap down and filled about two thirds of the gap. The gap is still open and will be important for the bulls to fill sooner rather than later. The overall pattern is now 8 days up and most likely will complete a 9 bar Seeker sell setup tomorrow....

Stock Picks Recap for 3/20/12

Forex Calls Recap for 3/20/12

Closed out the second half of a nice winner from the prior session in the GBPUSD, but stopped out on a new trade in the EURUSD. See both sections below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered...

Stock Picks Recap for 3/19/12

Forex Calls Recap for 3/19/12

Totally flat European session, but our EURUSD trade finally triggered in the US session and worked great on the long side (still holding half). See that section below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional...

Tradesight.com Market Preview for 3/20/12

The ES broke to new high ground on the move closing deeper into the overbought Murrey math territory. Gaining 5 handles on the day the ES closed just below the 1406 level. The NQ futures also made a new high adding 18 to the move. Since the Murrey math box...

Tradesight Stock Call: GOOG

This week, we will be watching GOOG as a long idea above the price of $625.91. This assumes that the stock does not gap ABOVE that price in the morning. There is some nice construction in the stock and a key breakout over that level, and we are currently only...

Stock Picks Recap for 3/16/12

Forex Calls Recap for 3/16/12

A loser and a nice winner to close out the week on a positive note. Amazing how that happens when you actually get range, most of which came after the CPI data, no surprise. As usual on the Sunday report, we will take a look at the action from Thursday night/Friday,...

Stock Picks Recap for 3/15/12

Tradesight Rolls Out Latest Futures Levels Service

Effective this evening, Tradesight is updating the Futures Levels service, as previously announced. The new service will cover the following contracts: ES, NQ, YM, ER/TF, QM, YG. The ZN contract has been dropped from the service for now. The Levels have been...

Forex Calls Recap for 3/15/12

Took a while to play out, but we have a nice winner going from the session in the GBPUSD finally after a slow week. See that section below for the recap. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight,...

Tradesight.com Market Preview for 3/15/12

The ES posted a measuring day with a net decline of 2 handles. The market moved sideways in a choppy fashion. A new high was recorded but not a new high close which makes this a distribution dayl. The NQ futures were higher by 9 on the day making a new high...

Stock Picks Recap for 3/14/12

Forex Calls Recap for 3/14/12

Another slow session. See GBPUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: GBPUSD: Triggered short at A overnight and stopped. Put back in in morning and triggered short at B and stopped...

Today’s Use of the Tradesight Upper Pressure Threshold

Almost every trading session begins with some degree of a price gap. Depending on overnight news, the performance of overseas markets, and many other influences, markets tend to gap from session to session. Small price gaps tend to fill very quickly, usually...

Tradesight.com Market Preview for 3/14/12

The ES gapped above the Tradesight Pressure Threshold and never looked back. After the FOMC decision and JPM buy back news the market plowed higher leaving the shorts scrambling for cover. The ES was higher by 24 on the day and made a new high close on the...

Stock Picks Recap for 3/13/12

Forex Calls Recap for 3/13/12

Ended up with both of our calls working on the EURUSD, which was nice to have them just close at the target ahead of the Fed instead of holding a piece. See that section below. The US Dollar got a little stronger after the Fed, but not much. New calls and...

Tradesight.com Market Preview for 3/13/12

The ES closed the day unchanged which is actually notable for a couple of reasons. Internally there was a classic tug-of-war that wasn’t really visible by just looking at how the major averages closed. The advance/declines were sloppy closing -438 net issues,...

Stock Picks Recap for 3/12/12

Forex Calls Recap for 3/12/12

Since not all countries do the time change the same weekend anymore, we have seen an impact on trading the last couple of years when certain countries change their time zone over the weekend but others do not. Since Forex is the offset of two currencies and...

Tradesight Launches New Futures Levels Tool for e-Signal and Tradesight Pressure Threshold Levels

Tradesight is pleased to announce the launch of the latest version of the Tradesight Futures Levels Tool for e-Signal, which includes the introduction of the new Tradesight Pressure Threshold Levels. In addition, the Futures tool and Futures Levels service...

Stock Calls Recap for 3/9/12

Forex Calls Recap for 3/9/12

Closed out the week with another nice winner, see EURUSD section below. Here’s a look at the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we’ll look at the action from Thursday night/Friday, then look...

Stock Picks Recap for 3/8/12

Forex Calls Recap for 3/8/12

One trigger, a winner, in the GBPUSD, and we still have the second half of the long trade. See that section below. New calls and Chat tonight, but Trade Balance and NFP in the morning means half size for me. Here’s the US Dollar Index intraday with our...

Tradesight.com Market Preview for 3/8/12

The ES was higher on the day by 11 which still leaves the immediate overhead gap open. Price is still bearishly below the 10ema which the bulls need to retake to turn the trend back to short-term positive. The NQ futures bounced 20 handles but only got as...

Stock Picks Recap for 3/7/12

Forex Calls Recap for 3/7/12

Not a great session. We closed out the second half of the GBPUSD short from the prior day well in the money (see below), but then got stopped a few times on new EURUSD calls (see below). New calls and Chat tonight as we head toward a bunch of news Thursday...

The Ultimate AAPL Short Signal

This last week, there has been a lot of attention given to the stock price of AAPL, which was largely running up ahead of the launch event for the iPad 3 (or iPad Next or The New iPad, depending on what you want to call it). One of the things that we teach...

Stock Picks Recap for 3/6/12

Forex Calls Recap for 3/6/12

Nice winner in the GBPUSD (see below) and the trade is still going, holding into the next session. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. GBPUSD: Triggered short at A, hit first target at B, lowered...

Tradesight.com Market Preview for 3/7/12

The ES gapped down significantly and proceeded to do nothing much. Price did settle below the open so this qualifies as a distribution day. Note how the chart used the static trend line for support. The next level of support is going to be the rising 50sma. The...

Tradesight.com Market Preview for 3/6/12

The ES continues to have trouble with the 8/8 level and Monday gave back 4 handles. Price settled right on the important 10ema. A close below this level would be the first sign of a short-term change in trend. The NQ futures we also lower on the day and settled...

Stock Picks Recap for 3/5/12

Introduction to the Tradesight Seeker Market Timer

The Tradesight SEEKER has been designed to warn traders of high probability inflection points. An effective market timing tool such as the SEEKER has many benefits. It may keep a winning trade in position longer and increase profits or it may spot a reversal...

Forex Calls Recap for 3/5/12

A nothing session to start the week. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered short at A and stopped. At least some pieces of the trade triggered long at B...

Tradesight February 2012 Forex Results

Getting Back in the Game After Striking Out with a Loss

by Mark Likos Getting back into the Game after Striking Out with a Loss … Striking out with a loss is never fun but striking out on your first trade of the day has always been worse for me. Many traders have a hard time getting back into their game after...

Stock Picks Recap for 3/3/12

Forex Calls Recap for 3/3/12

A nice ending to the week with a solid winner in the EURUSD and no stop outs. See EURUSD section below. Here’s the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we will look at the action from Thursday night/Friday,...