Tradesight Market Blog

Stock Picks Recap for 5/17/12

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 5/17/12

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

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...

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

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...

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,...

Stock Picks Recap for 3/2/12

Forex Calls Recap for 3/2/12

Boring session, one loser in EURUSD, and I didn’t put it back in in the morning (not that it triggered anyway). Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered short at A, stopped at B: Read More →

Stock Picks Recap for 2/29/12

Tradesight.com Market Preview for 3/1/12

The ES posted a very sloppy outside day down. Though the futures were only down by 7 on the day, the chart pattern has a potential reversal candle in place. The candle was small but the turn came just below the Murrey math 8/8 level of 1375.The next 48 hours...

Forex Calls Recap for 2/29/12

Here’s something unusual: neither of our trades triggered. The GBPUSD went up and the EURUSD went down, but our calls were in the opposing directions on each, which was probably a good thing as the overnight session was jumpy but flat, and it seems unlikely...

AGO Seeker Sell Signal Trade

Tuesday our Seeker tool flashed a sell signal for silver. This was the first sell signal since it correctly identified the top in August last year. A short was called and delivered via our messenger to alert traders to short triple leveraged AGQ<70.67 or...

Tradesight.com Market Prevew for 2/29/12

The ES is marching closer and closer to the key 1375 level. Up 4 handles on the day in a very grinding advance the futures are about to interact with the very powerful 8/8 level. Tuesday was a new high on the move. The NQ futures were relatively strong vs....

Stock Picks Recap for 2/28/12

Forex Calls Recap for 2/28/12

Two winners (see EURUSD and EURJPY sections below) as the market again went mostly nowhere. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered long at A, hit first target at B, raised...

Tradesight Market Preview for 2/28/12

The ES gained 4 handles on the day after recouping a gap down that tested the 10ema. The 10eam has been the defining level since the breakaway gap on the first trading day of the year. Keep a close eye on the 8/8 level just overhead. The NQ futures were higher...

Forex Calls Recap for 2/27/12

Clean winner (although with no follow through) to start the week. See EURUSD section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat this evening. No major news this week to slow us down. EURUSD: Triggered...

Stock Picks Recap for 2/27/12

The New Volume Read

One of the most important keys to success in trading is volume. When the market is trading average volume or better, things happen. Technical triggers and technical behavior work. It’s easier to make money. When the market doesn’t trade good volume,...

Stock Picks Recap for 2/24/12

Forex Calls Recap for 2/24/12

A nice winner to close out an otherwise useless week of narrow-ranged Forex trading. 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,...

Stock Picks Recap for 2/23/12

Forex Calls Recap for 2/23/12

Another very dull session, and so far, probably the dullest week of the year, even though it is a short one. Here’s the US Dollar Index intraday with our market directional lines: See GBPUSD section below for our trade recaps. New calls and Chat tonight,...

Stock Picks Recap for 2/22/12

Forex Calls Recap for 2/22/12

An incredibly slow session except on the GBPUSD, but our calls were in the EURUSD. See below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. EURUSD: Triggered short extremely early if you were ready (half...

Stock Picks Recap for 2/21/12

Forex Calls Recap for 2/21/12

A news driven session as Europe announced the bailout of Greece Monday afternoon. This caused a spike on most pairs, and that move ended up being the range for the day in most. See EURUSD for trade recap. Here’s the US Dollar Index intraday with market...

Stock Picks Recap for 2/17/12

Forex Calls Recap for 2/17/12

Another winner to close out the week. 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 with the Seeker and Comber counts separately, and then look...

Stock Picks Recap for 2/16/12

Forex Calls Recap for 2/16/12

Closed out two winners and a flat trade in EURUSD, ending a week that closed better than it started. New calls tonight and Chat, but we have CPI in the morning, one of our big three each month, so half size, and also it is options expiration, which can be...

Stock Picks Recap for 2/15/12

Tradesight Market Preview for 2/16/12

The ES registered a range high distribution day with price recording a new high, but settling lower on the day. Note that while this leaves a sloppy candle on the chart, this was not a classic key reversal day where price settles below the low of the prior...

Forex Calls Recap for 2/15/12

A very interesting lesson for some in the session. We had trades trigger in GBPUSD and EURUSD. See both sections below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight as we head into options expiration...

Stock Picks Recap for 2/14/12

Tradesight Market Preview for 2/15/12

The ES finished the day about unchanged. Momentum seems to be waning but price must break before any downside consideration can be given. The 9th candle of the current setup recycled the Seeker countdown so the process must start over. The NQ aggressively...

Forex Calls Recap for 2/14/12

A better session than the last, but still no consistent movement in the pairs, and not a ton of range. See EURUSD for trade call reviews. Here’s a look at the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered...

Stock Picks Recap for 2/13/12

Tradesight Market Preview for 2/14/12

The ES was higher by 8 on the day which is technically very significant. This will produce the final candle of the active 9 bar Seeker setup. In so doing it will recycle the countdown and defer it to the newly completed setup. The NQ futures made a new high...

Forex Calls Recap for 2/13/12

Not much of a session to start the week. We got a move very early and had to make the calls a little different than usual as we were above UBreak on EURUSD and GBPUSD from the start almost. See EURUSD below. Here’s the US Dollar Index intraday with...

Stock Picks Recap for 2/10/12

Forex Calls Recap for 2/10/12

A nice winner (80 pips to the final exit) to close out the week. See EURUSD section below. As usual on the Sunday report, we will look at the action from Thursday night/Friday for all pairs, then look at the daily charts with the Seeker and Comber counts...

Stock Picks Recap for 2/9/12

Forex Calls Recap for 2/9/12

Another slow session, two in a row. See GBPUSD below. We have Trade Balance in the morning, which is one of our Big Three each month, so half size ahead of it, and then we’ll see again if there are additional calls to make in the morning after the...

Tradesight Market Preview for 2/9/12

The ES recouped a steep midday loss to close up on the day by 2 handles. The pattern is now 11 days up and has major overhead at the 1375 level. The NQ futures were higher by 15 handles and are now have an active Seeker 13 exhaustion signal in place. Watch...

Stock Picks Recap for 2/8/12

Forex Calls Recap for 2/8/12

Wow, 50 pips of range on the EURUSD. Ouch, what a session. GBPUSD stopped well in the money from yesterday, but a new call triggered short and stopped. See GBPUSD below. Here’s the US Dollar Index intraday with market directional lines: New calls...

Stock Picks Recap for 12/7/12

Tradesight Market Preview for 2/8/12

The ES expanded the range to close up on the day by 6 handles. Price has so far been contained by the 7/8 level with the Seeker count getting mature but still only 10 bars up on the run. The NQ futures were only higher by 3 on the day which is a slight lag...

Forex Calls Recap for 2/7/12

Slow overnight and then some movement finally for the US session. Stopped out of the second half of the EURUSD long from the prior day in the money, then two stops, then a new winner that is still in play. Here’s the US Dollar Index intraday with...

Stock Picks Recap for 2/6/12

Forex Calls Recap for 2/6/12

Early trigger that most probably didn’t take due to the Super Bowl, but a clean trigger in the morning that worked and still going. See EURUSD below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. EURUSD: Triggered...

Tradesight January 2012 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 Results...

Stock Picks Recap for 2/3/12

Small Cap Picks Recap for 2/3/12

The Russell 2000 had a great week, and so did we. Top pick MIPS, which we had been in early in the week as well from the prior report, triggered again and kept going: KERX worked: AFFY worked: XIDE worked: Good stuff, hopefully it keeps going. Read More →

Forex Calls Recap for 2/3/12

Half size night ahead of the NFP data, and a slow session. We did spike on the news, which is why we usually like avoiding it. See EURUSD below. Here’s the US Dollar Index intraday with our market directional tool: As usual on the Sunday report, we’ll...

Stock Picks Recap for 2/2/12

Forex Calls Recap for 2/2/12

A really dull session overnight, and we barely triggered a trade heading into the US session. Here’s the US Dollar Index intraday with our market directional lines: See EURUSD section below for the recap. New calls and Chat tonight but we have NFP...

Tradesight Market Preview for 2/2/12

The ES was higher by 11 on the day but did not make a new high on the move. The active static trend line is still repelling the advance. Price remains bullishly above the 10ema with possible a closer test as traders may take a little off the table before Friday’s...

Stock Picks Recap for 2/1/12

Forex Calls Recap for 2/1/12

One new stop out, then we closed the second half of the prior day’s trade in the money, and then a new trade that worked. See EURUSD below for all of it. Nice week, and this is the end of month. US Dollar Index intraday with market directional lines: New...

Tradesight Market Preview for 2/1/12

The ES closes marginally lower on the day to finish the month just above the 10ema. Today’s candle was a CPS downside alert where price should take out Tuesday’s low before high. Note that the MACD has gone negative. The NQ futures finished the month...

Stock Picks Recap for 1/31/12

Forex Calls Recap for 1/31/12

Two more winners, with one still going as I write this. See EURUSD below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. EURUSD: Triggered long at A, hit first target (exactly 50 pips) at B, raised stop...

Tradesight Market Preview for 1/31/12

The ES recovered a large gap down to settle lower by only 4 handles on the day. There was much better performance in the NQ side and there will be more on this divergence below. There were a few key technical features. Price settled above the 10ema keeping...

Stock Calls Recap for 1/30/12

Forex Calls Recap for 1/30/12

Nice winner to start the week, see EURUSD below. New calls and Chat tonight as we head into the last trading day of January. Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered short at A, hit first target cleanly at...

Stock Picks Recap for 1/27/12

Forex Calls Recap for 1/27/12

A half-sized overnight session with a trigger on the EURUSD and then full-sized triggers on EURUSD and GBPUSD in the morning to close out what was mostly a boring, sub-average range week in Forex. Here’s the US Dollar Index intraday with our market...

Stock Picks Recap for 1/26/12

Forex Calls Recap for 1/26/12

Came into the session still long half of the trade from the prior day in the EURUSD. New trade triggered and didn’t work (see below); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`,...

Tradesight Market Preview for 1/26/12

The ES broke to new highs and accomplished a couple of very important technical points. The static trend line was traded and more importantly the gap from late July that was the origin of the summer break was filled Wednesday. Price is up, price is high but...

Stock Picks Recap for 1/25/11

Forex Calls Recap 1/25/12

Better session, although we still got stopped out of one. Fed announcement days are typically light overnight, but you can see movement after the announcement. See EURUSD below. Here’s the US Dollar Index intraday with our market directional lines: New...

Tradesight Market Preview for 1/25/12

The ES did nothing on the day, and we now have recorded 4 closes that are almost unchanged. This loads the pattern with power for a move after the FOMC decision and press conference Wednesday. The NQ futures also remain boxed up and loaded with energy. The...

Stock Picks Recap for 1/24/12

Forex Calls Recap for 1/24/12

Another dull night but this one without consequences to us as we started a 2-day Fed meeting. The announcement is tomorrow, so I will be half size overnight tonight. Here’s the US Dollar Index intraday with our market directional lines: See EURUSD...

Tradesight Market Preview for 1/24/12

The ES posted a wide ranging day where price settled glued to the key 1312.50 level. Keep in mind that the active static trend line just overhead. Monday was the first day of the new options cycle and there is a two day fed meeting beginning on Tuesday so...

Stock Picks Recap for 1/23/12

Forex Calls Recap for 1/23/12

Boring session to start the week. See GBPUSD below. New calls and Chat tonight, but we are heading into a 2-day Fed meeting. US Dollar Index intraday with market directional lines: GBPUSD: Triggered short at A and stopped. If you follow the order staggering...

Small Cap Stock Picks Recap for 1/20/12

OPWV triggered long and didn’t do enough either way to matter: SMSI worked: AMKR worked: Read More →

Stock Picks Recap for 1/20/12

Forex Calls Recap for 1/20/12

Closed out the GBPUSD from two days ago finally for 75 pips or so. EURUSD trade stopped out overnight, and a short in the EURUSD didn’t quite make it to the first target and I finally gave up on it as the week was winding down. See both sections below. As...

Stock Picks Recap for 1/19/12

Forex Calls Recap for 1/19/12

GBPUSD barely drifted higher but still hasn’t stopped us out of our long from yesterday. I’ve adjusted the stop, see below. Meanwhile, new trade in EURUSD worked, see below. Here’s the US Dollar Index intraday with our market directional...

Tradesight Market Preview for 1/19/12

The ES closed at a new high on the move adding 13 on the day. Price exceeded the +2/8 level and forced a bullish frame shift. The subtle level to keep in mind is the static trend line just above the 6/8 level. The NQ futures broke to a new high and high close...

Stock Picks Recap for 1/18/12

Forex Calls Recap for 11/18/12

A loser and a winner that is still in play. See GBPUSD below. New calls and Chat tonight, but half size for me with CPI in the morning. Also, we have options expiration on Friday. Here’s a look at the US Dollar Index intraday with our market directional...

Tradesight Market Preview for 1/18/12

The ES posted a range high distribution candle. Price was little changed on the day after a strong opening gap. This is a camouflage sell signal which is particularly concerning to the bulls since it’s at the high water mark of the rally that started last...

Stock Picks Recap for 1/17/12

Forex Calls Recap for 1/17/12

A winner to start the short week. See GBPUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: GBPUSD: Told everyone to put full size in early as we usually do on the first day back from a long...

Forex Calls Recap for 1/13/12

So we ended up with a new small winner, closed out a 100 pip winner, and added another 120 pip winner (to final exit) to close out what started as a very slow week. See EURUSD below. As usual on the Sunday report, we will look at the action from Thursday...

Stock Picks Recap for 1/12/12

Forex Calls Recap for 1/12/12

Loser and a winner still going. At least we got some action finally. See EURUSD and GBPUSD below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. Half size for me ahead of Trade Balance and also a long...

Tradesight Market Preview for 1/12/12

The ES was higher by 2 handles on the day after recouping a gap down. Price is still contained within the range to date high so range was not expanded. The pattern is now 7 days up. The NQ futures were higher by 3 on the day with nothing new technically because...

Stock Picks Recap for 1/11/12

Forex Calls Recap for 1/11/12

AUDUSD triggered short and stopped, nothing else triggered. New calls tonight and Chat. US Dollar Index intraday with our market directional lines: AUDUSD: Triggered short at A and stopped at B: Read More →

Tradesight Market Preview for 1/11/12

The ES gained 10 handles on the session making a new high and high close on the move. The problem with the day was that settlement was below the open which leaves a bearish camouflage sell signal on the chart. The NQ futures were higher by 17 on the day,...

Stock Picks Recap for 1/10/12

Forex Calls Recap for 1/10/12

Boring day again. See GBPUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional lines: GBPUSD: Triggered long at A and stopped. Nothing else worth calling as nothing ever happened: Read More →

Stock Picks Recap for 1/9/12

Forex Calls Recap for 1/9/12

Slow start to the week with narrow ranges. See GBPUSD below for trade call reviews. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. GBPUSD: Triggered short early (half size if you were ready) at A and...

Tradesight Market Preview for 1/10/12

The ES did nothing on the day, trading inside Friday’s range. Price has done almost nothing since gapping up after the holiday. The NQ futures were weaker than the broad market losing 5 handles on the day. Price did record a new high on the move intraday...

Stock Picks Recap for 1/6/12

Forex Calls Recap for 1/6/12

Closed out a 200 pip winner from the prior session to end the week, plus a new trade stopped out for half size ahead of NFP/Unemployment. See EURUSD section below. Here’s the US Dollar Index intraday with market directional lines: As usual on the...

Stock Picks Recap for 1/5/12

Forex Calls Recap for 1/5/12

Another day in 2012, another winner, and this one is still going. See EURUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered short at A but gave you all the way until B...

Tradesight Technology Outlook 2012

Once or twice a year, I write a report (now we call them Blogs) about technology and what I’m using and what my trading computer systems look like. Since 2012 just started and I hadn’t written one in a while, I thought I would. But let’s...

Tradesight Market Preview for 1/5/12

The ES ended the day up one handle. The chart still has the open gap from the holiday but today’s close was above the open. Price remains above all the major MA’s. NQ futures were much stronger than the broad market, gaining 13 on the day. Price settled...

Forex Calls Recap for 1/4/12

Another nice trade in 2012. See EURUSD below. We stopped out of the last piece of the prior day’s trade for a win as well. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Stopped final...

Tradesight Market Preview for 1/4/12

The ES gained 20 handles on the day all of which came on the weekend gap. Keep in mind that there was one negative feature to the day’s action because the futures settled below the open. Not really an impressive performance with triple inside candles last...

Stock Picks Recap for 1/3/12

Tradesight Stock End of 2011 Summary

Tradesight has been around for 10 years now. Amazing. Before Tradesight was a website and subscription service, it was an email newsletter to my managed money clients as early at 1997. Each year since 1997, I write a summary report about the markets so we...

Forex Calls Recap for 1/3/12

We ended the year on a positive note and started the year on a positive note. As I said with the calls last night, it’s best to get full size in early coming back from a 3-day weekend. Can’t even tell you how many times that has worked well....

Tradesight Forex End of 2011 Summary and Results

2011 was an interesting year for Forex trading. The earthquake in Japan put a damper on trading of the JPY, and the situation in Europe kept the rest of the world watching to see what would happen, although in the end, not much did. We will start by reviewing...

Tradesight December 2011 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 Results...

Forex Calls Recap for 12/30/11

Winner to close out the year in the GBPUSD, see that 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, then look at the daily...

Stock Picks Recap for 12/29/11

Forex Calls Recap for 12/29/11

Another uninspired session with the EURUSD trading half of normal range. See that section below for trades that triggered, one loser and one winner. New calls tonight and chat, but not expecting much. Here’s the US Dollar Index intraday with market...

Tradesight Market Preview for 12/29/11

The ES reversed and posted a first day down losing 16 on the day. Below is a clean chart to better see the failure at the upper boundary of the triangle.. NQ futures lost 25 on the day which puts it bearishly below all of the major moving averages again....

Stock Calls Recap for 12/28/11

Forex Calls Recap for 12/28/11

Dead session for the European session, but a big move in the US session that started just before I got back to my desk to take advantage. See GBPUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional...

Stock Picks Recap for 12/27/11

Forex Calls Recap for 12/27/11

Tradesight Market Preview for 12/28/11

The ES closed unchanged after expanding the upside range of the current run. Expect that the 200dma might be a near-term draw. NQ futures were higher by 7 on the day but couldn’t break above the active DTL. Note the proximity of the 200dma which could be...

Forex Calls Recap for 12/23/11

Pretty much as expected, the market was boring as everyone is away. I was half size and one stop out and cancelled the rest in the morning before they triggered as I really didn’t expect it to work. Here’s the US Dollar Index intraday with our...

Forex Calls Recap for 12/22/11

Feels like everyone is out shopping and done, doesn’t it? Two stops on EURUSD, see below. Here’s the US Dollar Index intraday with market directional lines: New calls tonight but half size for me. No calls Sunday with the Holiday, back to it Monday. EURUSD: Triggered...

Stock Picks Recap for 12/22/11

Tradesight Market Preview for 12/22/11

The ES was a wild ride, ultimately squeaking out a fractional gain. Note the large triangle that price is tracing out. Key overhead remains at 1250 where the 8/8 level sits. NQ futures got hit very hard and didn’t recover nearly as well as the broad market...

Stock Picks Recap for 12/21/11

Forex Calls Recap for 12/21/11

Two winners, one went early, on a back and forth session that ended up right where it started. Here’s the US Dollar Index intraday with our market directional tools: New calls and Chat tonight. EURUSD: Triggered long early at A (half size); INSERT...

Tradesight Market Preview for 12/21/11

The ES exploded higher, opening above the upper gap fill threshold, then adding on more and closing at the HOD. This is a price flip on the chart and relieves a good deal of the oversold energy. If the move continues higher the next level is the 1250 area. The...

Stock Picks Recap for 12/20/11

Forex Calls Recap for 12/20/11

Nice winner for 120 pips to the final exit in GBPUSD, see below. It’s rate that the R3 and S3 levels come into play, but they did here. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight as we rush...

Tradesight Market Preview for 12/20/11

The ES was lower by 12 on the day, expanding the downside range in the process. Price closed very close to the round 1200 price. Note that the pattern is now 8 days down and the gap from 11/29 is filled. This doesn’t happen very often but like the ES being...

Stock Picks Recap for 12/19/11

Forex Calls Recap for 12/19/11

One early trigger and winner to start the week, see GBPUSD below. Also, see EURUSD discussion: Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. GBPUSD: Triggered short early (half size) at A, gave you until...

Stock Picks Recap for 12/16/11

Forex Calls Recap for 12/16/11

Stopped out of a GBPUSD trade for half size ahead of CPI and triple expiration, then cancelled everything early as the market rarely moves on triple expiration. Here’s the US Dollar Index intraday with our market directional lines: As usual on the...

NTAP Comber Wall Addendum, The Seeker Variable

The other day, I posted an article (which you can read here) about the Comber wall of resistance over a couple of days on NTAP. There was actually another piece of the story that I’d like to point that makes the wall even stronger on the second signal. Here...

Forex Calls Recap for 12/15/11

Two losers for the session in the EURUSD, see below, as the Forex pairs remain narrowly contained. Half size tonight ahead of the CPI and triple expiration tomorrow. Here’s the US Dollar Index intraday with market directional lines: New calls and...

Tradesight Market Preview for 12/15/11

The ES broke very hard and violated the key support at 1250 and ran all the way down to the next fib at 1203. Price is now below the 50dma and using the gap window as support. If the decline continues, the gap all the way down at 1150 may come into play. The...

Stock Picks Recap for 12/14/11

Forex Calls Recap for 12/14/11

Winner and a loser for the session, basically a wash on a dull night. See EURUSD and GBPUSD 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,...

The NTAP Comber Wall

Something that I’ve come to call a “Comber Wall” is when our Comber tool repeatedly gives sell signals near the same price area on a chart (or buy signals, as the case may be) over the course of several days. This is especially more powerful...

Tradesight Market Preview for 12/14/11

The ES reversed sharply intraday after gapping up and then trading above yesterday’s high. Price settled right at the key 1220 area discussed in the prior report. The current setup favors that the 1200 gap is likely to fill. NQ futures were lower by 23...

Stock Picks Recap for 12/14/11

Forex Calls Recap for 12/13/11

A dead night ahead of the Fed, half size trades for me ahead of that news, and nothing happened after the Fed. We did close out the EURUSD short from the prior day for a 150 pip gain. See both sections below. US Dollar Index intraday with our market directional...

Tradesight Market Preview for 12/13/11

The ES settled the day down 23 in the middle of the traded range on the day. The futures are using a very key level at 1220 for support where the 50dma, 50% near-term relative fib and 3/8 Gann level converge. Expect price action to deteriorate very quickly...

Stock Picks Recap for 12/12/11

Forex Calls Recap for 12/12/11

Nice winner for at least 150 pips on the EURUSD (still going) to start the week. See that section below. Here’s the US Dollar Index intraday with our market directional lines: New calls tonight and Chat. EURUSD: Triggered short under the trigger line...

Stock Picks Recap for 12/9/11

Forex Calls Recap for 12/9/11

Winner and a loser to wrap up the week, and we ended up net nothing for the session again on the USD stuff. New calls and Chat Sunday evening. Here’s the US Dollar Index intraday with our market directional lines: As usual, on the Sunday report, we’ll...

Stock Picks Recap for 12/8/11

Forex Calls Recap for 12/8/11

Couple of winners on the session in GBPUSD, and we’re still short and in the money. See below. New calls and Chat tonight, but Trade Balance in the morning is one of our Big Three each month, so half size. Here’s the US Dollar Index intraday...

Tradesight Market Preview for 12/8/11

The ES settled up 9 handles on the day, close to the high of the recent range. Note that the pattern is now 8 days up. This is the first settlement above the 200dma on this impulse. The NQ futures were not as strong as the financially influenced ES. Price...

Stock Picks Recap for 12/7/11

Forex Calls Recap for 12/7/11

Winner and a loser on the EURUSD, so a wash under these circumstances as the pairs mostly ended up back where they started again. US Dollar Index intraday with our market directional lines: New calls and Chat tonight, but rate announcements out of Europe. EURUSD: Triggered...

Tradesight Market Preview for 12/7/11

The market did very little on Tuesday, unable to move higher because of yesterday’s camouflage sell signal and supported by the latent bids from the bulls. There is nothing new technically other than the pattern printing 7 days up in the Seeker setup. The...

Stock Picks Recap for 12/6/11

Forex Calls Recap for 12/6/11

What a dead night in all markets. See EURUSD below for our one call that triggered, but nothing really moved. Even the stock market set a four year record for light volume as the markets await the final solution out of Europe. New calls and Chat tonight. Here’s...

Tradesight Market Preview for 12/6/11

The ES futures gained 11 on the day but settled below the 200dma after trading above it—this is issue one. The pattern is at range high off the recent 1150 low but today’s action settled well below the open recording a camouflage sell signal—this is...

Stock Picks Recap for 12/5/11

Forex Calls Recap for 12/5/11

Dull night, nothing major, see EURUSD for recaps. New calls and Chat this evening. Here’s the US Dollar Index intraday with market directional: Got stronger after news hit that S&P is ready to downgrade five European countries. EURUSD: Forex Report...

Tradesight November 2011 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 Results...

Stock Picks Recap for 12/2/11

Forex Calls Recap for 12/2/11

Typical overnight ahead of the NFP data with no real action. That’s why we use half size. Nice winner after that for normal size. See GBPUSD below for all of it. As usual on the Sunday report, we’ll take a look at the action from Thursday night/Friday,...

NFLX Trade and our GFT Levels

We had a fun trade today in NFLX, but I wanted to walk our subscribers through the play and why it was such a high-probability winner, which I kept emphasizing in the room before it went. Let’s start with this chart about an hour into Thursday’s...

Stock Picks Recap for 12/1/11

Forex Calls Recap for 12/1/11

Not a very exciting night. One winner and one loser, see below on GBPUSD. Here’s the US Dollar Index intraday with market directional lines: Unemployment and NFP in the morning, so half size, new calls and Chat tonight. GBPUSD: Triggered long early...

Tradesight Market Preview for 12/1/11

The SP was higher by 49 on the day forming an island below the 50dma and almost reaching the key 1250 level. If 1250 is taken then the next level will be the 200dma at 1262. The market is very short term over bought advancing 90+ handles in three days. Expect...

Stock Picks Recap for 11/30/11

Forex Calls Recap for 11/30/11

One of those rare events where it’s unlikely you could get a fill in Forex as the market leapt on news that the global central banks were moving to help Europe. This caused a huge spike in the EURUSD. We did have the GBPUSD hit first target, but...

Tradesight Market Preview for 11/30/11

The ES posted a classic measuring day where neither the bulls nor bears really asserted themselves. Price closed high on the day by 5 handles right at the gap window and below all the key moving averages. This is the definition of a measuring day where both...

Stock Picks Recap for 11/29/11

Forex Calls Recap for 11/29/11

Not as good as the prior night. See EURUSD and GBPUSD below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat this evening as usual. EURUSD: Triggered long at A early (half size); INSERT INTO `wp_posts` (`ID`,...

Tradesight Market Preview for 11/29/11

The ES gained 37 on the day all of which came from a huge gap up. The oversold energy took trade up to a key area just below the 50dma and below the 1197 gap window. The technicals remain negative but there is enough oversold energy in the pattern to continue...

Stock Picks Recap for 11/28/11

Forex Calls Recap for 11/28/11

One early stop out and then a couple of winners in the European session to bring us back from the Holiday. See EURUSD and GBPUSD below, including the perfect Value Area move on the GBPUSD. Classic. Here’s the US Dollar Index intraday with market directional...

Traedesight Market Preview for 11/23/11

The ES lost 8 on the day, mostly trading inside yesterday’s range. Note that the MACD has broken the zero line. The NQ futures traded with relative strength vs. the ES posting a true inside day. The bias is lower and the gap window at 2225 is key. Multi...

Stock Picks Recap for 11/22/11

Forex Calls Recap for 11/22/11

Amazingly flat session on most of the pairs, although the GBPUSD was rude enough to trigger both of our trades and then wind up back where it started. See GBPUSD section below. Here’s the US Dollar Index intraday with our market directional lines: New...

Tradesight Market Preview for 11/22/11

The ES lost 23 on the day decisively breaking last week’s range and losing the 50dma in the process. Fibs have been added to the chart from the swing low to high of the recent move. A loss of the 50% level would be very bearish and put the October low in...

Stock Picks Recap for 11/21/11

Forex Calls Recap for 11/21/11

Nice winner to start the week in the GBPUSD, see below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. GBPUSD: Triggered short clean at A, hit first target at B, lowered stop in the morning and stopped...

Stock Picks Recap for 11/18/11

Forex Calls Recap for 11/18/11

Nice winner to close out a somewhat boring week in all of the markets. See EURUSD below. Here’s a look at the US Dollar Index intraday with our market directional lines: As usual on the Sunday report, we will start by looking at the action from Thursday...

Stock Picks Recap for 11/17/11

Forex Calls Recap for 11/17/11

Dull night with a stop out on EURUSD, see below. New calls tonight and Chat. Friday is options expiration, which can have some impact on Forex trading as well. Here’s the US Dollar Index intraday with market directional: EURUSD: Triggered long at...

Tradesight Market Preview for 11/17/11

The ES closed on the low of the day losing 23 handles. Price has penetrated the low of the current triangle but hasn’t yet followed through to confirm the break. The price action in the next 48 hours will set the tone for the next move. The NQ futures lost...

Stock Picks Recap for 11/16/11

Forex Calls Recap for 11/16/11

Early movement meant that I had to make additional calls later in the evening, as the EURUSD short triggered very early. See EURUSD and GBPUSD below for main calls. It was a half size night anyway with the CPI data in the morning. Back to normal tonight. Here’s...

Stock Picks Recap for 11/15/11

Tradesight Market Preview for 11/16/11

The ES reversed back to the upside but is still trapped under the 200dma and within the triangle pattern. The pattern needs to be resolved before there is any new technical development. The NQ futures were higher by 17 on the day besting the range from the...

Forex Calls Recap for 11/15/11

Better session with a clean trigger on the EURUSD that worked (and still going). See below. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered short at A, gave you all the way to B to enter...

Stock Picks Recap for 11/14/11

Forex Calls Recap for 11/14/11

Loser in the GBPUSD by a couple of pips, but it worked later. Looks like e-Signal had an issue with about an hour of data from MB as well, so there are gaps in the charts. Here’s the US Dollar Index intraday with our market directional lines: New...

Stock Picks Recap for 11/10/11

Forex Calls Recap for 11/10/11

Closed out the EURUSD trade from the prior day for 220 pips, but not much for new trades. See EURUSD below. Here’s the US Dollar Index intraday with market directional lines: Levels will be posted tonight since today’s ranges were fine if you...

Tradesight Market Preview for 11/15/11

The ES lost 9 handles on the day, settling just above the 1250 price magnet. Note that the recent pattern since 10/27 is tracing out a triangle. The breakout should be significant. Perhaps we’ll see it Tuesday or Wednesday? The NQ futures are still in the...

Stock Picks Recap 11/9/11

Tradesight Market Preview for 11/10/11

The ES broke hard feeling the pressure from the extreme put/call reading on Monday. Price broke below the 1233 support area and settled below the 10ema. Depending on how this ultimately works out on the chart this candle could be a notable lower high. The...

Forex Calls Recap for 11/9/11

There’s a nice session with a huge winner still running, currently over 220 pips. 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, hit first target...

Stock Picks Recap for 11/8/11

Tradesight Market Preview for 11/9/11

The ES settled above the 200dma with a gain of 15 on the day. The testing of this key level continues and is likely not done yet. The NQ futures gained 25 on the day almost matching the high close of the move to date. The Seeker countdown is now 7 days up. The...

Forex Calls Recap for 11/8/11

A winner and a loser in another not-so-stellar session. See EURUSD and GBPUSD below. Here’s the US Dollar Index intraday with our market directional tool: EURUSD: Triggered short at A and stopped: GBPUSD: Triggered long at A, hit first target at B,...

Tradesight Market Preview for 11/8/11

The ES posted and odd candle to begin the week. It opened in the area of the 1250 4/8 Gann level, then tanked near Friday’s low, reversed and settled HOD. While trade this week will likely be lower volume because of the quasi holiday. Note the gap overhead...

Stock Picks Recap for 11/7/11

Forex Calls Recap for 11/7/11

None of the pairs really came close to trading average daily range. We had a winner and a loser, see EURUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with our market directional lines: EURUSD: Triggered short at A, hit...

Current View of the Markets on 11/5/11

The best trading months of the year are typically from mid-October through mid-April. We’ve just entered that period with a lot going on in the world, much more than usual economically. Let’s take a broad look at where we are at in the overall...

Tradesight October 2011 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 Results...

Stock Picks Recap for 11/4/11

Forex Calls Recap for 11/4/11

Another winner (after a dead European session) to close out the week. See EURUSD below. Time change in the US this weekend. Typically leads to a slow start first day as the technicals are off a bit. No rush Sunday. New calls and Chat Sunday. As usual in the...

Stock Picks Recap for 11/3/11

Forex Calls Recap for 11/3/11

No net movement and mixed results on the EURUSD for the session. See below. Here’s the US Dollar Index intraday with our market directional tool: New calls and Chat tonight, but NFP in the morning so half size. EURUSD: Triggered short early at A but...

Stock Picks Recap for 11/2/11

Forex Calls Recap for 11/2/11

Half size night ahead of the Fed, but a winner in the GBPUSD. See EURUSD and GBPUSD below. New calls and Chat tonight. Back to normal size. Here was the US Dollar Index intraday with market directional lines: EURUSD: This was a half size night, but there...

Tradesight Market Preview for 11/3/11

The ES bounced back 10 handles on the day, most of which came on gap. This leaves the larger overhead gap still open and price below the 10ema. Note that the MACD is close to a bearish cross. NQ futures were higher by 11 but closed below the open which is...

Tradesight Market Preview for 11/2/11

The ES gapped down back into the trading range that it just exited and settled right at the high close of the range. This was a very interesting day and posted a camouflage buy signal. This implies that price will exceed Tuesday’s range before undercutting...

Stock Picks Recap for 11/1/11

Forex Calls Recap for 11/1/11

Another nice winner to officially close out the month of October. See GBPUSD below, which behaved perfectly technically. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight, but half size for me ahead...

Tradesight Market Preview for 11/1/11

The ES gapped below the 200dma and then lost more ground to close on the lows down 32 on the day. Price is still above the 10ema and as long as it remains so is still short-term bullish. One bearish feature was that price settled below the low closes of both...

Stock Picks Recap for 10/31/11

Forex Calls Recap for 10/31/11

Another nice winner to start the week, see GBPUSD below. New calls and Chat this evening. Other than the move we caught, it was a fairly slow session with the snow issues back East. Here is the US Dollar Index intraday with market directional lines: GBPUSD: Triggered...

Stock Picks Recap for 10/28/11

Forex Calls Recap for 10/28/11

Closed out the EURUSD from the prior session for 250 pips, and then we had a loser and a winner in the GBPUSD. See both sections below. European sessions have been flat this week, hope that isn’t something regular now. Here’s the US Dollar Index...

Stock Picks Recap for 10/27/11

Forex Calls Recap for 10/27/11

There’s a nice session. Even though the GBPUSD stopped for a small loss, the EURUSD worked great and is still going, almost 300 pips in the money as I write this. See both sections below. US Dollar Index intraday with market directional lines: New...

Tradesight Market Preview for 10/27/11

The ES bounced back 13 handles to settle higher on the day but below the key 1250 level. As expected the market is “working” the 1250 area. Expect more of this in the days to come. The NQ futures ended little changed with a small gain on the day. Price...

Stock Picks Recap for 10/26/11

A great day of trades! 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...

Forex Calls Recap for 10/26/11

Another very dull overnight session, but a great move in the US session got us a clean winner for about 45 pips. See GBPUSD below. New calls and Chat tonight, but first look at GDP for Q3 in the morning is a quarterly number that we trade half size ahead...

Tradesight Market Preview for 10/26/11

The ES is in the retreat mode from the 1250 area. This does not necessarily indicate failure just the formidable nature of a major level. The next few candles will tell the tale and reveal the true nature of the tape. For now keep a close eye on how price...

Stock Picks Recap for 10/25/11

Forex Calls Recap for 10/25/11

What a horrible session in every way! About the narrowest ranges I can recall in a day, and just a choppy mess that ignored anything technical. See EURUSD and GBPUSD sections below. Here’s the US Dollar Index intraday with market directional lines: New...

Tradesight Market Preveiw for 10/25/11

The ES added 12 on the day making good on last week’s breakout of the range. Price has settled just below the 4/8 area of 1250. Expect some more probing of this level by the bulls before it is taken. The NQ futures closed at a new high on the move. The...

Stock Picks Recap for 10/24/11

Forex Calls Recap for 10/24/11

Two winners in the session, both the same long trigger 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. EURUSD: Good triggers here. Triggered long at...

Stock Picks Recap for 10/21/11

Forex Calls Recap for 10/21/11

After a decent week, not really anything great here. See EURUSD below. As usual for the Sunday report, we’ll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, then look at the US Dollar Index (nothing...

Tradesight Market Preview for 10/20/11

The ES lost 17 on the day held in check by the 9th bar up in the Seeker. While the advance at least temporarily halted, Wednesday’s range was contained within the prior day’s range making for an inside day. The resolution of candle 9 will be the important...

Forex Calls Recap for 10/20/11

Another profitable session with at least two (three if you re-took the short) winners in the EURUSD. See that section below. Here’s the US Dollar Index intraday with market directional: New calls and Chat tonight to wrap up the week. EURUSD: Triggered...

Stock Picks Recap for 10/19/11

Forex Calls Recap for 10/19/11

Early trigger in the GBPUSD led to a winner, but no additional calls ahead of CPI. See GBPUSD section below. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional lines: GBPUSD: Triggered long early (half size or even...

Tradesight Market Overview for 10/19/11

The ES closed at a new high on the move gaining 29 on the day. Price exactly touched the prior intraday high on the move. Also, the Seeker recorded the first completed 9 bar run since early August. Not only was the ES 9 bars up but there were 1200 individual...

Stock Picks Recap for 10/18/11

Forex Calls Recap for 10/18/11

A winner in the GBPUSD that triggered early, so I adjusted the stop after it hit the first target and made new calls in the EURUSD, one of which triggered and worked too. See both sections below. New calls and Chat tonight, but CPI in the morning is one...

Tradesight Twelve Month Forex Calls Track Record

We recently posted the net results of our trade calls for September. At this point, we have officially posted monthly results for 12 months. Our forex service launched in 2004, and we have all of our trades archived, which are still available to subscribers,...

Tradesight Market Preview for 10/18/11

The ES recorded a first day down off the formidable 1225 level losing 25 on the day. There was no new high recorded on the move thus far. Expect choppy action through earnings season and a 3 candle pullback that may take more than 3 days to trace out. The...

Stock Picks Recap for 10/17/11

Forex Calls Recap for 10/17/11

Couple of losers and a winner that didn’t do much net for us. See EURUSD section below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. EURUSD: Triggered short early (half size) at A and stopped....

Tradesight September 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 down. Tradesight Pip Results...

Stock Picks Recap for 10/14/11

Forex Calls Recap for 10/14/11

A nothing night to end the week. See GBPUSD below for triggers. As usual on the Sunday report, we will look at the trades from Thursday night/Friday, then look at the daily charts heading into the new week, and then look at the US Dollar Index (nothing to...

Stock Picks Recap for 10/13/11

Forex Calls Recap for 10/13/11

One winner but it took forever to trigger and play out in the EURUSD. Here is a look at the US Dollar Index with market directional lines: New calls tonight and Chat. EURUSD: Triggered short at A, hit first target of 45-50 pips finally at B, stop should...

Stock Picks Recap for 10/12/11

Forex Calls Recap for 10/12/11

Very nice winner. See GBPUSD below, and still holding. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight, but Trade Balance in the morning is one of our big three each month. GBPUSD: Triggered long at A, hit...

Tradesight Market Preview for 10/13/11

The ES futures were higher by 8 on the day but the real story is the day within the day. Price gapped up, and then tested the 3/8 Gann level at 1278 only to be rejected and close below the open. This leaves a bearish camouflage sell signal on the chart. Expect...

Stock Picks Recap for 10/11/11

Forex Calls Recap for 10/11/11

Pretty flat session with narrow range as the US Dollar ended up about where it started. Here’s the Index with our market directional lines: EURUSD winner, see EURUSD section below. New calls and Chat this evening, but they will be late again as I...

Tradesight Market Preview for 10/12/11

The ES was little changed on the day but did manage to fill the day’s gap. This was a pause day on the chart where the advance took a breather and consolidated the 100+ handle upside run. NQ futures were higher by 12 on the day expanding the range of the...

Stock Picks Recap for 10/10/11

Forex Calls Recap for 10/10/11

US Bank Holiday turned into a big move. See EURUSD below. US Dollar Index intraday with market directional lines: New calls this evening. EURUSD: Triggered long at A, hit first target at B, stop should currently be under R2: Read More →

Tradesight Market Preview for 10/11/11

The ES tacked on another 34 handles to the latest rally. This is a 106 point rally from low close to high close. Price has settled above the 50dma for the first time since July. The only cause for concern tomorrow is the trend termination formation that just...

Forex Calls Recap for 10/6/11

An interesting session that was half size for me ahead of both BoE and ECB rate announcements. Lots of triggers, see EURUSD below. Currently still long EURUSD. New calls and Chat tonight, but half size again ahead of NFP. Here’s a look at the US Dollar...

Stock Picks Recap for 10/6/11

Stock Picks Recap for 10/5/11

Forex Calls Recap for 10/5/11

An interesting night with very little range. See EURUSD and GBPUSD below for triggers. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. EURUSD: Triggered long over red UBreak line and stopped: GBPUSD: Triggered...

Tradesight Market Preview for 10/6/11

The ES added 21 more to the recent upward impulse. Price settled just below the 10ema and reclaiming this key level would be another confirmation that this could be a lasting change in trend. The next technical feature to bolster the reversal case would be...

Tradesight Market Preview for 10/5/11

Reversal day? The ES was higher by 27 on the after recovering a gap down, the powering higher very late in the session. By definition, this was not at key reversal day because the prior day’s range was not engulfed but it was a very notable session none...

Stock Picks Recap for 10/4/11

Forex Calls Recap for 10/4/11

A terrific session. We closed out a 100 pip winner from the prior day and had two more clean winners. See EURUSD and GBPUSD below. Here’s a look at the US Dollar Index intraday with market direction lines: New calls and Chat this evening. EURUSD: First,...

Tradesight Market Preview for 10/4/11

The ES lost 40 full handles on the day, breaking below key support at the 1100 area. Note that the MACD is again rolling over after never being able to break above the zero line. Below is a weekly chart of the ES with Fibs showing the importance of the 1125...

Stock Picks Recap for 10/3/11

Forex Calls Recap for 10/3/11

Couple of losers but a winner that is still in play in the EURUSD. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered long overnight at A and stopped. Triggered short at B and stopped....

Tradesight Seeker Example on Daily JCOM

I’ve been doing daily highlights this week of the Seeker tool in action in our Market Blog. The last two were about the Seeker in Forex on a 5-minute chart (one FX pair, and one the US Dollar Index). Today, I wanted to back the tool out a bit and...

Stock Picks Recap for 9/29/11

FOREX Calls Recap for 9/29/11

Lots of winners in the session, including additional calls for the European session since our first call went early. See GBPUSD and EURUSD below. US Dollar Index intraday with market direction (once again, check out the Seeker counts and their predictive...

Another Tradesight Seeker Tool Example

I’ve talked to a lot of people lately who are impressed by the Value of the Tradesight Seeker tool. Although it is ultimately the red 13-bar counts that give solid buy and sell reversal signals, the reality is that you can often find key market inflection...

Tradesight Market Preview for 9/29/11

The SP posted a very weak day losing 20 handles. Price settled below the midpoint of the trading range and the CCI could be on its way to confirming a lower high. The NQ tanked by 35 handles and closed below the midpoint of the regression channel. Bearish...

Stock Picks Recap for 9/28/11

Forex Calls Recap for 9/28/11

Interesting session with lots of Seeker signals of use. I’m going to write up the US Dollar Index separately and post to the Blog tonight for discussion, but here it is with market direction lines and the Seeker: Losers and a winner (still going)...

Profitable GBPUSD Seeker Sell Signal

We’ve had a lot of interest in our Seeker tool lately, so I wanted to take some time to walk through a 13-bar Signal on today’s GBPUSD 5-minute chart to show how the tool can be used. We’ll start with a look at the GBPUSD around 6:00 am...

Stock Picks Recap for 9/27/11

Tradesight Market Preview for 9/28/11

The SP gained 11 on the day but recorded a bearish candle closing well below the days open. Note that there is a gap open from Monday’s bar. Fibs have been added to the chart to map the active trading range. Naz also closed below the open after testing...

Forex Calls Recap for 9/27/11

Ranges were up a bit and after two false starts, we ended up with a winner on the EURUSD. See below. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional: EURUSD: Triggered long early (so half size) at A and stopped....

Stock Picks Recap for 9/26/11

Forex Calls Recap for 9/26/11

Two winners to start the week, one on the EURUSD and one on the GBPUSD, see below. Interestingly, the US Dollar index ended up right where it started again anyway. Here’s the Index with our market directional lines: New calls and Chat tonight. EURUSD: Triggered...

Tradesight Market Preview for 9/27/11

The SP gained 28 on the day filling the gap form last week. Note that the pattern is 12 days down with a Seeker exhaustion signal on deck. The NAZ is also 12 days down but much stronger than the SP because the trend channel is still intact. The XAU has lost...

Stock Picks Recap for 9/23/11

Forex Calls Recap for 9/23/11

Fairly dull session with a winner for us on the GBPUSD, see below. As usual on the Sunday report, we will look at the action on all pairs from Thursday night/Friday, then look at the daily charts heading into the new week (not much new to see); INSERT...

Stock Picks Recap for 9/22/11

Forex Calls Recap for 9/22/11

Just barely stopped on a trade that otherwise worked. See EURUSD below. New calls and Chat tonight to wrap a nice week. Here’s the US Dollar Index with market directional lines: EURUSD: Triggered short at A, gave you all the way to European session...

Stock Picks Recap for 9/21/11

Forex Calls Recap for 9/21/11

Strange action, and the US Dollar got stronger after the Fed announcement. Triggers in both the GBPUSD and EURUSD, see below. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. EURUSD: Amazing how these levels...

Tradesight Market Preview for 9/22/11

The SP hemorrhaged a full 40 handles most of which coming after the Fed announced “operation twist” that was greeted by the market with a Bronx cheer. Price is back below the lower channel boundary. Note that on the Seeker this was a fresh price flip to...

Stock Picks Recap for 9/20/11

Tradesight Market Preview for 9/21/11

The SP put in a distribution day where it gapped up but closed on the low of the day. Note that price almost tested the declining the 50dma. Naz was lower by 4 on the day and put in an ugly range high distribution candle. Price traded above the upper channel...

Forex Calls Recap for 9/20/11

Interesting session again. Two winners in EURUSD, but one went so early that we don’t officially count it (before Asian session start). See below for both, and in the end, we went nowhere and ranges were narrow. US Dollar Index intraday with market...

Stock Picks Recap for 9/19/11

Forex Calls Recap for 9/19/11

Awkward session with a big gap that never filled and took us away from the key Levels. We don’t see that very often. I made some calls anyway, but it wasn’t based on the usual types of setups. See EURUSD below. Here’s the US Dollar Index...

Tradesight Market Preview for 9/20/11

The SP lost 14 on the day after recovering bigger losses from a large gap down. Price settled near but under the midpoint of the trend channel. Naz was lower by 6 on the day and there was one interesting nuance. Price traded at a new high on the move but...

Stock Picks Recap for 9/16/11

Forex Calls Recap for 9/16/11

What a great setup and clean winner on the EURUSD to close the week. See below. Here’s the US Dollar Index intraday with our market directional lines: We resume with new calls and Chat Sunday as triple options expiration is behind us. As usual on the...

Stock Picks Recap for 9/15/11

Forex Calls Recap for 9/15/11

A half-size night ahead of the CPI, but a winner that is still in play on the EURUSD. See below. New calls and Chat tonight, back to normal size. Here is the US Dollar Index intraday with market directional lines: EURUSD: Early trigger (so quarter size since...

Tradesight Market Preview for 9/15/11

The SP had a very strong upside option unraveling bias gaining 17 on the day. The 1180 gap has been filled and traders should target the midpoint of the channel next. Naz was higher by 31 handles and expanded and almost tested 200dma. The next channel is...

Stock Picks Recap for 9/14/11

Forex Calls Recap for 9/14/11

Interesting session that went just about nowhere in the end again. Two winners and a loser for the session. See GBPUSD and EURUSD below. New calls and Chat tonight, but we go half size ahead of CPI in the morning. Here’s the US Dollar Index intraday...

Stock Picks Recap for 9/13/11

Forex Calls Recap for 9/13/11

Not a very interesting night, but a learning trade in the GBPUSD based on order staggering, see below. Here’s the US Dollar Index intraday with our market directional lines: New calls and Chat tonight. GBPUSD: Our system teaches an order staggering...

Tradesight Market Preview for 9/14/11

The SP was higher by 8 handles. Price remains below the midpoint of the working trend channel and the gap form last week is still open. Tomorrow is the Wednesday before options expiration and should provide a nice move. The many of the put buyers are in the...

Tradesight Market Preview for 9/13/11

The SP was lower for most of the session but put in a reversal day to close plus 5 handles. The lower boundary still has not been violated on a closing basis. Continue to use the channel for guidance on price. Naz was higher by 26 on the day fueled by a semiconductor...

Stock Picks Recap for 9/12/11

Forex Calls Recap for 9/12/11

Loser and a winner in the GBPUSD, basically a wash in a narrow session. See GBPUSD section below. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional lines: GBPUSD: Triggered short at A, stopped at B. Triggered short...

Tradesight August 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...

A Key Breakout on the US Dollar Index

A couple of months ago, we were watching the rising triangle wedge that was forming between the two lines on the chart below, looking for a breakout or breakdown. At point A, the Index broke out intraday but failed to close above the key 76.00 level. It...

Stock Calls Recap for 9/9/11

Forex Calls Recap for 9/9/11

Interesting close to the week and mostly flat until the US session. US Dollar Index broke out strongly in the end. Here’s the US Dollar Index intraday with market directional lines: As usual on the Sunday report, we will review the action from Thursday...

Stock Picks Recap for 9/8/11

Forex Calls Recap for 9/8/11

Better ranges and a winner in the EURUSD. See below. New calls and Chat tonight, back to full size. Here’s the US Dollar Index with market directional lines: EURUSD: Triggered short early at A but gave you a chance to enter at B at the European open...

Stock Picks Recap for 9/7/11

Forex Calls Recap for 9/7/11

A very flat session for the Dollar Index. Here’s a look with our market directional lines: Winner in the GBPUSD, see below. New calls and Chat this evening, but we have Trade Balance in the morning, so I will be half size (along with rate announcements...

Tradesight Market Preview for 9/8/11

The SP gapped higher than powered up to finish +34 on the day. The futures made good on yesterday’s camouflage buy candle and were just short of filling the critical 1200 gap. Price is back to the midpoint of the trend channel and neutral relative to the...

Tradesight Market Preview for 9/7/11

The SP opened at the lower boundary of the trend channel and found willing bidders. The futures lost 4 handles on the day but I would expect that price will return at least to the midpoint of the channel. Keep in mind that even though price was down on the...

Stock Picks Recap for 9/6/11

Forex Calls Recap for 9/6/11

The excitement was on the CHF-based stuff, although probably not to the extent that you could get any on the spike. Meanwhile, we had a loser and a winner, see GBPUSD below. New calls and Chat tonight. Here was the US Dollar Index intraday with market directional...

Stock Picks Recap for 9/2/11

Forex Calls Recap for 9/2/11

Another small winner to end the week in the GBPUSD, which was good to us this week. No calls or Levels Sunday for the Labor Day holiday here in the US. Back to work Monday night. Here’s the US Dollar Index intraday with market directional lines: As...

Stock Picks Recap for 9/1/11

Forex Calls Recap from 9/1/11

New trade on the GBPUSD stopped, but the second half of the prior day’s short closed out for 125 pips or so. See below. New calls tonight and Chat, but we have NFP data in the morning, which is one of our big three each month, so I’m less than...

Tradesight Market Preview for 9/1/11

The SP finished the day higher by 13 in a very sloppy low volume day. Price gapped higher, and bearishly closed below the open. Note that price touched and then was rejected by the upper trend channel. A camouflage sell condition is in place. Naz touched...

Stock Picks Recap for 8/31/11

Forex Calls Recap for 8/31/11

An incredibly flat session, as we can clearly see in the intraday chart of the US Dollar Index with our market directional tools: End up with our trades triggering a few times with not much reward until the last one, which I’m carrying over as I...

Forex Calls Recap for 8/30/11

Another nice winner and a decent week so far as we try to wrap up the month, and leave Summer and the August doldrums behind us soon. See GBPUSD below for the trade summary that worked. Here’s the US Dollar Index intraday with market directional lines: New...

Stock Picks Recap for 8/30/11

Stock Picks Recap for 8/29/11

Tradesight Market Preview for 8/31/11

The SP traded a broad range but settled slightly lower on the day. A regression channel has been added to the chart. The Naz side of the market was actually much more interesting than the SP side. The futures closed up on the day and even tested the 4/8 level....

Tradesight Market Preview for 8/30/11

The SP gained 32 in a frustrating gap-‘n-go trading session. Price has picked up momentum and the MACD has solidly crossed which should favor the long side of the ledger. Expect 1250 to be a very key area. This is where the chart broke down in early August...

Forex Calls Recap for 8/29/11

We ended up with narrow ranges from a combination of August doldrums, the storm keeping people home on the east coast, and a UK Holiday, but still pulled off a clean winner in the GBPUSD of all things. See below for the review, and we still have the trade. Here’s...

Our Stock Screens and How They Happen

Tradesight has been around for about a full decade now, and every day since we started, we run our scans and deliver 5-20 stock entry points with stops in both the long and short side of the market. The process of doing this is fairly refined now. What used...

US Dollar Index Update

So, let’s discuss the US Dollar Index. From a broader perspective, we stuck in what I call the “back side of a wedge,” which is denoted on this 9-month daily chart by the break of both the intermediate and short term trendlines: Meanwhile,...

Stock Picks Recap for 8/26/11

Forex Calls Recap for 8/26/11

A LOT of triggers for the session, all in the EURUSD, and more than usual (four total). As expected, the long play, which was set up nicer worked better. See below and also check out the USDJPY review for the Value Area play there that was so wide open. As...

Stock Picks Recap for 8/25/11

Forex Calls Recap 8/25/11

Another mixed session that didn’t go far on the US Dollar Index. See EURUSD and GBPUSD below for summaries, as we closed out a nice winner on the GBPUSD from the prior session. New calls and Chat tonight. Here’s the US Dollar Index intraday...

Stock Picks Recap for 8/24/11

Tradesight Market Preview for 8/25/11

The SP added 13 to yesterday’s reversal attempt. Price settled back above the 10ema and has a trade-to-target at the 1190 open gap. The Naz was higher 15 on the day with a next target of 2175 that would fill the 8/18/11 gap. Multi sector daily chart: The...

Forex Calls Recap for 8/24/11

Losers on the EURUSD but a nice winner still running on the GBPUSD, see both below. Here’s the US Dollar Index intraday with market directional: New calls and Chat tonight. EURUSD: Triggered long at A and stopped. Put it back in in the morning, triggered...

Tradesight Market Preview for 8/23/11

The SP posted an unqualified reversal day, blasting away from the 0/8 Gann support. The futures gained 35 on the day to settle right at last week’s gap window. Naz gained 80 on the day, slightly breaking into the gap. Keep an close eye on the MACD for a...

Stock Picks Recap for 8/23/11

Forex Calls Recap for 8/23/11

August doldrums continue as the pairs ended up mostly where they started, but at least today we had a clean trigger and a nice winner during the session. See EURUSD below. Here’s the US Dollar Index intraday with market directional lines, note that...

Stock Picks Recap for 8/22/11

Forex Calls Recap for 8/22/11

A really dull session, with about pips of range on the EURUSD, which ended up right where it started again. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. EURUSD: Triggered long at A, didn’t hit...

Tradesight Market Preview for 8/23/11

The SP posted a flat day after a very large gap up. Price settled at what is becoming a very important magnet, the 1125 level. Naz was higher by 3 but like the SP closed near the low. Note that the MACD is still in a sell condition. The 10-day Trin is still...

Stock Picks Recap for 8/19/11

Forex Calls Recap for 8/19/11

A loser and a better winner in the EURUSD to close out a narrow week of August doldrums trading (despite a lot going on in the world). See EURUSD below. Here’s the US Dollar Index intraday with market directional lines: As usual on the Sunday report,...

Forex Calls Recap for 8/18/11

Another light range session, and true to August doldrums, another near winner but a spike to take us out. See EURUSD below. New calls and Chat tonight as I remain half size (and was less last night due to CPI). US Dollar Index intraday with our market directional...

Stock Picks Recap from 8/18/11

Stock Picks Recap for 8/17/11

Forex Calls Recap for 8/17/11

Winner and loser for the session, nothing special. August continues. Here’s the US Dollar Index intraday with market directional lines: See EURUSD and GBPUSD below. New calls and Chat tonight. EURUSD: Triggered long at A, hit first target at B, and...

Tradesight Market Preview for 8/18/11

Stock Report Date 08/18/2011 Previous Day Next Day Skip To / / | View in Print Format Other reports for this day [ Daily Picks | Small Caps | Forex Reports ] Report Results Expand All / Collapse All Market Action and Futures Trading...

Tradesight Market Preview for 8/17/11

The SP played the waiting game ahead of the monthly option unraveling. Price ran the full range of the prior day and settled within the real body. Price settled lower on the day and also below the 10ema. Naz put in the same day as the SP but closed slightly...

Stock Picks Recap for 8/16/11

Forex Calls Recap for 8/16/11

A winner that gave us hours to enter, which is always nice when they go early. See EURUSD below. New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional levels: EURUSD: Triggered short at A but gave you all the way to...

Tradesight Market Preview for 8/16/11

The SP gained 22 on the day closing above the 10ema, turning the short-term trend positive. A close above the 1200 level would reclaim the break down gap from 8/8/11 and offer conformation. Traders should expect that the primary trend line from the 2009 low...

Stock Picks Recap for 8/15/11

Forex Calls Recap for 8/15/11

With a couple of countries on Holiday in Europe, things were pretty dead for the European session but picked up ahead of the US session. Also doesn’t help that we seem to be feeling the usual August doldrums out of Europe for August vacations in...

Stock Picks Recap for 8/12/11

Forex Calls Recap for 8/12/11

Not a great week at all, which feels like what we usually see out of August, even though you would think it would be fine with everything going on in the world. Another day with stop outs, our worst string in months. See EURUSD and GBPUSD below. I will...

Stock Picks Recap for 8/11/11

Forex Calls Recap for 8/11/11

Very interesting that with all of the volatility in the stock market, the forex market is fairly flat. We did get good range in the session, but EURUSD ended up right where it started. In fact, this whole week has been fairly flat on the US Dollar Index...

Stock Picks Recap for 8/10/11

Forex Calls Recap for 8/10/11

Unusual trade last night that demonstrates how precise what we do actually is. Two pips made a difference. See GBPUSD below. Here’s the US Dollar Index intraday with market directional: New calls and Chat tonight. GBPUSD: We stagger entries for a reason....

Tradesight Market Preview for 8/11/11

The SP lost 51 on the day but did some notable things in so doing. Price did not make a new low on the move nor did price make a new low close. This could be viewed as a retest or a wash out. Also, the overall pattern has completed a trend termination formation. Naz...

Stock Picks Recap for 8/9/11

Forex Calls Recap for 8/9/11

Really nothing here exciting at all. EURUSD stayed in a 60-pip range for the European AND US sessions, including after the Fed announcement. I was light on size, and got stopped, normal trading resumes tonight for me. US Dollar Index intraday with market...

Tradesight Market Preview for 8/9/11

Following the S&P downgrade of the US debt rating the SP gapped lower made an attempt to fill then was sold all day long. The futures lost 86 on the day settling below the 0/8 Gann level. All of the price oscillators are extremely oversold. 1100 is the...

Stock Picks Recap for 8/8/11

Forex Calls Recap for 8/8/11

Forex trading was actually fairly stable after the news of the weekend. There was a gap early, which messes up the Levels, but the GBPUSD for example ended up right about where it closed Friday. I kept trading light given the environment, and you can read...

The Global Meltdown

So, will the US stock market break hard on Monday? Let’s analyze the pros and cons and try to figure out what is most likely to happen. First of all, as I write this at 2 am EST / 11 pm PST Sunday night, global markets are down. Asia is down 2-4 percent...

Tradesight July Forex Results

Before we get to June’s numbers (which were huge); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`,...

Stock Picks Recap for 8/5/11

Forex Calls Recap for 8/5/11

Winner and a loser to close out the week. See GBPUSD below. Our FX results for July will be posted to the Blog this weekend. It was a good month. Here’s the US Dollar Index intraday with market directional lines: As usual on the Sunday report, we’ll...

Stock Picks Recap for 8/4/11

Forex Calls Recap for 8/4/11

Clean, simple trigger for a 100 pip winner in the EURUSD, see below. New calls and Chat tonight, but Friday morning is NFP data, one of our Big Three releases each month, so I’m half size. Here’s the US Dollar Index intraday with market directional: EURUSD: Pretty...

Tradesight Market Preview for 8/4/11

The SP closed higher on the day after posting some steep intraday losses. The bulls were able to reclaim the 1250 0/8 level which means little unless price follows through after the Friday NFP #. Naz also posted a higher close keeping on the north side of...

Stock Picks Recap for 8/3/11

Forex Calls Recap for 8/3/11

A pure loser on a news spike, which is unfortunate because the trade worked after that overall. See EURUSD below. Here’s the US Dollar Index intraday with market directional lines as the Dollar got a bit weaker during the session: New calls and Chat...

Stock Picks Recap for 8/2/11

Tradesight Market Preview for 8/3/11

The SP lost 32 handles making a new low close on the year. Price settled below the key 0/8 Gann level and in now below both the 50 and 200dmas. The CCI indicates that there is a short-term oversold condition present. The Naz side lost 57 settling just above...

Forex Calls Recap for 8/2/11

More good ranges and another nice winner as the US Dollar gets stronger two days in a row. See EURUSD below, where we had a new winner, plus closed out a 100 pip winner on the second half of the trade from Sunday, which was the last trade of July. Here’s...

Stock Picks Recap for 8/1/11

Forex Calls Recap for 8/1/11

Nice trading session with a long trade that might have worked for you depending on where you had your stop exactly, but a short that really worked. See EURUSD below. Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered...

Tradesight Market Preview for 8/2/11

The SP lost 6 handles after a large gap up to close right at the 200dma. A loss of this area would likely kick in some institutional selling. Note on the chart that price was lower in June but held above the (then lower) 200dma. Naz was lower by 10 handles...

What the Debt Ceiling Deal Means for the Markets

As I write this, it appears that leaders of both parties have agreed in principle on a debt ceiling resolution. While the deal isn’t done until the votes are cast (and you can expect the Tea Party members to probably vote against this); INSERT INTO...

Stock Picks Recap for 7/29/11

Forex Calls Recap for 7/29/11

Another special day but at least there was range. Two early triggers didn’t work, as they often don’t, which is why we use half size. The last triggers worked. See EURUSD below. We have one more session (Sunday) that is technically in July and...

Stock Picks Recap for 7/28/11

Forex Calls Recap for 7/28/11

Holy Cow! What was that? The narrowest non-Holiday ranges in over 270 trading days (I checked). GBPUSD in a 60 pip range. This is why we’re half size now as the market is clearly waiting for resolution from Washington. Do these clowns not get that...

Stock Picks Recap for 7/27/11

Forex Calls Recap for 7/27/11

The Dollar gained strength overnight. See EURUSD below for trade reviews. Here’s the US Dollar Index intraday with our market directional lines: New calls and chat tonight. EURUSD: I’ve been half size with the situation in Washington unresolved....

Tradesight Market Preview for 7/28/11

The SP lost 27 handles, bearishly closing lower than both the close 7 and 11 days ago. This often implies that there is sufficient downward pressure to follow through and not need a measuring day. The tape is currently news driven by earrings and compounded...

Stock Picks Recap for 7/26/11

Forex Calls Recap for 7/26/11

And as the debt ceiling talks fall apart, the US Dollar starts to fall. Not good. It did give us a winner in the EURUSD that you should still be in under our rules if interested, and I remain half size with all of this going on. It did trigger on a news...

Stock Picks Recap for 7/25/11

Stock Picks Recap for 7/22/11

Forex Calls Recap for 7/22/11

Extremely dull overnight, and then the Dollar picked up and gave us a winner in the EURUSD in the morning. As usual on the Sunday report, we’ll take at a look at the action from Thursday night/Friday, then look at the daily charts heading into the...

Using Gap Fill Threshold Levels

Let’s take a look at something that we call the “Gap Fill Threshold” levels. The simple version of these calculations is that when a stock or futures contract gaps past them, it becomes much less likely that it will turn around and come...

Stock Picks Recap for 7/21/11

Forex Calls Recap for 7/21/11

A winner and a loser unfortunately, mostly because the later trigger overnight on the GBPUSD long worked great even though the first one stopped, and I wasn’t awake yet for the second one. Here’s the US Dollar Index intraday with market directional...

Stock Picks Recap for 7/20/11

A Value Area Walkthrough

A Value Area play is a trade based on the “market memory” of the prior day’s trading activity. It is a specific range from the prior day’s action that the market uses in a certain method with a high percentage of success. One of the...

Forex Calls Recap for 7/20/11

Two stopouts, the first time in a while we’ve seen that. Ranges were very narrow and contained all of the sudden. The Value Area on the GBPJPY, which I focused on in the Lab yesterday evening, worked perfect, so see that section below as well as...

Stock Picks Recap for 7/19/11

Forex Calls Recap for 7/19/11

More winners and a stop out, see EURUSD and GBPUSD below. We also closed the second half of the prior day’s short in GBPUSD in the money. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight. No major...

Stock Picks Recap for 7/18/11

Forex Calls Recap for 7/18/11

A loser and a winner to start the week. New calls and Chat tonight. Ranges in the European session were dead, partially due to a bank Holiday in Japan, but they picked up in the US session. Here’s the US Dollar Index intraday with market directional...

Forex Calls Recap for 7/15/11

Fairly tame session for options expiration, as expected. See EURUSD for recap of another winner, and that was that. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat Sunday to start the new week. As usual on the...

Stock Picks Recap for 7/14/11

Forex Calls Recap for 7/14/11

More winners. See EURUSD below. New calls and Chat tonight, but expiration tomorrow slows all markets, plus we have CPI. Here’s the US Dollar Index intraday with market directional lines: EURUSD: Triggered long at A early, hit first target at B, raised...

Forex Calls Recap for 7/13/11

Average session until after Bernanke gave his opening comments to Congress. See GBPUSD below for the trade review. US Dollar Index intraday with market direction tools: GBPUSD: There was a really early trigger at A that stopped but I was on the road. Triggered...

Stock Picks Recap for 7/12/11

Forex Calls Recap for 7/12/11

Another set of winners, see below in EURUSD for the description of all of the calls. Half size for everything due to Trade Balance, but it still worked overall. Here’s the US Dollar Index with market directional: New calls and Chat tonight. EURUSD: Note...

The Debt Ceiling Debate

Here’s a little report that no one will want me to post, but I’m going to anyway. Do you want to know the best way to prevent job growth and kill market volume in one move? Simple. Mess around with raising the debt ceiling. I don’t tend to...

Tradesight Market Preview for 7/12/11

The SP gapped sharply lower and never recovered, losing 23 handles on the day. Intraday price used the 4/8 Gann level and 50dma for support. The MACD is far from a cross over but the CCI is overbought. A settlement below the 50 and the 4/8 will possibly put...

Market Preview for 7/11/11

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Stock Picks Recap for 7/8/11

Forex Calls Recap for 7/8/11

Another winner in the EURUSD to close the week (half size ahead of NFP). See that section below. As usual on the Sunday report, we’ll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then discuss...

Tradesight Market Preview for 7/7/11

The market did very little, both consolidating last week’s huge gain and marking time before the Friday NFP number. Nothing new technically besides holding and not retracing last week’s explosion. Naz was slightly stronger than the SP gaining 3 handles,...

Stock Picks Recap for 7/6/11

Forex Calls Recap for 7/6/11

Another interesting session as our EURUSD trade continued, and we added a winner and loser in the GBPUSD. See below. Here’s the US Dollar Index intraday with our market directional tool: New calls and Chat tonight, but we have rate announcements out...

How the US Dollar Got Here

There are benefits to having a weak US Dollar…up to a point. Weak currencies are supposed to encourage exports. Other countries see our goods as cheap when adjusted for currency exchange and buy our products. That’s a solid economic theory…assuming...

Tradesight Market Preview for 7/6/11

The SP did very little besides shake off and holdup in the teeth of a huge number of individual stocks 9 days up. There is a key level of resistance just overhead at the static trend line and the February high (old breakout). Naz rallied to the key 8/8 level...

Stock Picks Recap for 7/5/11

Forex Calls Recap for 7/5/11

Nice start to the week. Winners in EURUSD and GBPUSD, although we also had one stop out on GBPUSD. See both sections in the report below for the review. Here’s the US Dollar Index intraday with market directional lines: New calls and Chat tonight...

Tradesight June Forex Results

Forex Calls Recap for 7/1/11

Winner and losers to wrap up the week and month here. Here’s a look at the US Dollar Index intraday with our market directional tools: See GBPUSD below for recap of calls. With the Fourth of July Holiday here in the US on Monday, there will be no...

Stock Picks Recap for 6/30/11

Forex Calls Recap for 6/30/11

More winners for the session, see EURUSD and GBPUSD summaries below. Here’s the US Dollar Index with our market directional tool for the session: New calls and Chat tonight to end the month of June and head into the long weekend. There will be no...

Tradesight Market Preview for 6/30/11

The SP gained 10 on the day following through on the range breakout. The next important level is the 4/8 Gann level that is also where the 50dma lives. The Naz side underperformed only adding 10 on the day (should be more like 13+ to match the SP side). The...

Stock Picks Recap for 6/29/11

Forex Calls Recap for 6/29/11

Another winner for the week in the EURUSD. See below. Here’s the US Dollar Index intraday with market direction levels: New calls and chat tonight. EURUSD: Triggered long at A, hit first target at B, raised stop to entry and stopped at C: GBPUSD: Added...

Tradesight Market Preview for 6/28/11

The SP is making good on improving technicals. On light volume, more on that later, the futures gained 18 on the day marking the best close in weeks. Many of the financial commentators will dismiss today’s rally as unimpressive because of the low volume...

Stock Picks Recap for 6/28/11

Forex Calls Recap for 6/28/11

Couple of losers early and on the European session, but we came back with a winner for the US session. See EURUSD below. New calls and Chat tonight. US Dollar Index intraday with market directional tool lines: EURUSD: Triggered long early (half size) at...

Tradesight Market Preview for 6/28/11

The SP again tested and held the 200dma. The futures added 12 on the day but have yet to clear the 3 day range that they have now been trapped within. Keep in mind that end of quarter window dressing begins midweek. On a relative basis the Naz was much stronger...

Stock Picks Recap for 6/27/11

Forex Calls Recap for 6/27/11

A winner and a loser to start the week, so pretty much a wash either way. Almost pulled off two winners, but the revised long stopped out (before later triggering again and working). Here’s the US Dollar Index intraday with our market directional...

Stock Picks Recap for 6/23/11

Forex Calls Recap for 6/23/11

Got some good action finally as the US Dollar got stronger for the session, we got big ranges in the GBPUSD and EURUSD, and we ended up with about 100 pip winners on both (see below). US Dollar Index intraday with market directional tool: New calls and...

Tradesight Market Preview for 6/23/11

The SP posted a very sloppy day on the chart, losing 8 on the day and closing at the dead low. Late in the day, after Fed chairman Bernake signaled that there will be no QE3, bids evaporated and enthusiasm left town. The technicals remain unchanged though...

Stock Picks Recap for 6/22/11

Forex Calls Recap for 6/22/11

Pretty dull action except on the GBP-based stuff. Have a look at how the Average Daily Range lines were the exact high and low of the GBPUSD below. Meanwhile, one winner and one loser on the EURUSD, see that section below. Here’s the US Dollar Index...

Tradesight Market Preview for 6/22/11

The SP gained 14 on the day. Price is now short-term positive since it settled above the 10emaf or the first time this month. Also a price flip was recorded since the close was above the close 4 days ago. Note that the MACD has crossed over but remains well...

Stock Picks Recap for 6/21/11

Forex Calls Recap for 6/21/11

One winner and one loser as the ranges narrowed a bit and not much happened. See EURUSD and GBPUSD below. Initial calls were in EURUSD, but I added new calls in GBPUSD ahead of the European session as we had an early move that set some new Levels. US Dollar...

Stock Picks Recap for 6/20/11

Tradesight Market Preview for 6/21/11

The SP gained 7 handles on the day settling at Friday’s high and the 10ema. A follow through tomorrow above both these levels would turn the chart short-term positive. Key support remains just below at the 200dma and Gann 0/8 level. Naz was higher by 9...

Forex Calls Recap for 6/20/11

Small winner to start the week in the EURUSD, see below. Heading into a 2-day Fed meeting now. New calls and Chat this evening. Here’s the US Dollar Index intraday with market directional: EURUSD: Triggered short at A, hit first target at B, lowered...

How Can Options Unraveling Make You Money

We just completed options expiration week, and triple expiration at that (options, index futures, and commodities). On item that I try to point out every options expiration week is the importance of options unraveling, which typically occurs mid-week, most...

Stock Picks Recap for 6/17/11

Forex Calls Recap for 6/17/11

What a great week. Another winner in EURUSD, see below. Here’s the US Dollar Index intraday with market directional tools: We closed out over 500 pips of winners to final exits this week, which ain’t bad. As usual with the Sunday report, we’ll...

Stock Picks Recap for 6/16/11

Forex Calls Recap for 6/16/11

Closed out the final piece of the EURUSD trade from the prior session for 250 pips or so, and also a new winner on the GBPUSD that worked clean (see both sections below). In addition, take a look at the perfect USDJPY Value Area entry below. New calls...

Tradesight Market Preview for 6/16/11

The SP gapped down and closed at a new low on the move, losing 24 on the day. Price came close to key support at the 200dma. There is still a chance for a positive change trend for the bulls but they still need to reclaim the 10ema. Naz lost 42 on the day...

Stock Picks Recap for 6/15/11

Forex Calls Recap for 6/15/11

Half size trading ahead of the CPI, but we still scored a big winner in the EURUSD. See below, and the trade is still going. Here’s a look at the US Dollar Index intraday with market directional tools: Back to normal size tonight with new calls and...

Stock Picks Recap for 6/14/11

Forex Calls Recap for 6/14/11

Not a very exciting night. See GBPUSD and EURUSD for a winner and a loser, and there wasn’t much for additional setups. Also, see NZDUSD below for the scalp call review. Here’s the US Dollar Index intraday with market directional tool: CPI...

Tradesight Market Preview for 6/15/11

The SP made good off the completed Seeker buy setup and also the 1200 individual stocks that were 9 days down by reversing higher by 18 handles. Note that Tuesday’s candle was a price flip and also interacted with the 10ema.Watch the CCI for a trend break...

Tradesight Market Preview for 6/14/11

The SP gapped higher and finished the session with a slim gain of 2 handles. The Seeker buy setup has now recorded 9 bars down and is staging just above the critical 200dma. In sync with the broad market there are a whopping 1198 stocks 9 days down and 852...

Stock Picks Recap for 6/13/11

Forex Calls Recap for 6/13/11

Actually, a decent session for everything but the EURUSD, which was fairly contained. I was half size for the session due to the European Bank Holidays, which obviously played a role. See EURUSD below. Here’s the US Dollar Index intraday with our...

Stock Picks Recap for 6/10/11

Forex Calls Recap for 6/10/11

Another nice winner to close the week after an early half-sized stop-out. See EURUSD below for the 140 pip winner to close the week. New calls and Chat Sunday. Here’s a look at the US Dollar Index intraday with market directional lines: As usual...

Stock Picks Recap for 6/9/11

Forex Calls Recap for 6/9/11

One winner and that was it. See GBPUSD below. New calls and Chat tonight, back to normal size. Here’s the US Dollar Index intraday with market directional tools: GBPUSD: Triggered long over red UBreak line, hit first target at R1, second half stopped: Read More →

How Futures Contract Roll Impacts Trading

I get a lot of questions from people about what “futures contract roll” is. Today, we’re going to discuss it. Futures contracts expire quarterly. Just like options, the expiration is the third Friday of the month. The expiration months are...

Stock Picks Recap for 6/8/11

Forex Calls Recap for 6/8/11

A news spike triggered the new trade that might not have made a fill possible. See GBPUSD below. Also, we closed out the final half of the EURUSD from the prior session in the money. US Dollar Index intraday with market directional tool: New calls and...

Tradesight Market Preview for 6/9/11

The SP was lower by 8 on the day, expanding the selloffs decline. Price is now 6 days down and getting closer to critical support at the 0/8 level and 200dma. There are also two other cortical support areas to consider. The MOB study projects support off the...

Tradesight Market Preview for 6/8/11

The SP posted a mostly inside day, closing unchanged. Price was higher for much of the session before a hard selloff in the last half hour after comments by Ben Bernake. Naz recorded an almost identical day to the SP though it did reach a little deeper below...

Stock Picks Recap for 6/7/11

Forex Calls Recap for 6/7/11

Stopped out of the prior day’s trade well in the money, then entered an early trigger and stopped, then entered a new trade that worked great again. Nice start to the month. See GBPUSD and EURUSD below. Here’s the US Dollar Index intraday with...

Tradesight Market Overview for 6/7/11

The SP lost 11 on the day, settling below the most recent swing in April. This is the lowest level that the SP has so far traded in Q2. There is a very obvious area of important support where the 200dma aligns with the 0/8 Gann level. Note that the MACD has...

Stock Picks Recap for 6/6/11

Forex Calls Recap for 6/6/11

A loser and a winner and a really flat overnight session to start the week. See EURUSD below. Here’s the US Dollar Index intraday chart with market directional lines: EURUSD: Triggered long at A and stopped. Triggered short at B, hit first target finally...

Tradesight May 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. Tradesight Pip Results for April 2011 Number of trades: 26 Number of losers: 14 Winning percentage: 53.8% Worst losing streak:...

Forex Calls Recap for 6/3/11

Closed out the week with two winners on the GPUSD, one for small size ahead of NFP data, but the second came after the data in the morning, so thus, full size. See GBPUSD below. Here’s the US Dollar Index intraday with market directional tools for...

Stock Picks Recap for 6/3/11

Stock Picks Recap for 6/2/11

Market Preview for 6/2/11

The SP decisively broke to the downside after a very weak ADP employment report premarket. The SP settled right at the 1312.50 4/8 level after losing 32 handles on the day. The Trin closed at 4.25 so odds favor some kid of a relief gap up Thursday. Naz lost...

Stock Picks Recap for 6/1/11

Tradesight Market Preview for 6/1/11

The SP opened the session with a strong gap up, filled most of the gap and rallied to back to settle near the opening. Note that the close exceeded the February breakout. A short term DTL has been added to the chart to represent the potential breakout over...

Stock Picks Recap for 5/31/11

Forex Calls Recap for 5/31/11

Nice winner to start the week as the market moved early coming back from the long weekend, as it often does. Here’s the US Dollar Index intraday with our market directional tool: New calls and Chat tonight. EURUSD: Per the instructions, should have...

Stock Picks Recap for 5/25/11

Forex Calls Recap for 5/25/11

Nice night with two winners, one still going in the GBPUSD. See below (also EURUSD). New calls and Chat tonight. Here’s the US Dollar Index intraday with market directional: EURUSD: Triggered short early (half size) at A, hit first target at B, second...

Tradesight Market Preview for 5/26/11

The SP closed near the midpoint of the session when you figure in the runoff after 4pm. Price was higher on the day by 3 but there was little accomplished by the bulls. Settlement was below the 10 and 50mas and the broken static trend line was resistance that...

Tradesight Market Preview for 5/25/11

The SP closed about flat on the day on low volume. Price attempted a push higher but left the gap open from Monday. This is the second settlement below the static trend line and the 50dma. Naz was much weaker than the broad market losing 14 on the day. Tuesday’s...

Stock Picks Recap for 5/24/11

Forex Calls Recap for 5/24/11

Couple of early triggers that went nowhere. Main trigger on European open worked. See EURUSD below. Light ranges overall again, must be the start of summar. Here’s the US Dollar Index intraday with our market directional tool: New calls and Chat tonight. EURUSD: Triggered...

Stock Picks Recap for 5/23/11

Forex Calls Recap for 5/23/11

Things got off to an early start for the week with the pairs moving at the start of the Asian session and already having triggered our trade and covered some decent ground before the European session started, and then nothing much happened during the European...

Tradesight Market Preview for 5/24/11

Taking a cue from the overseas equity price action, the SP gapped down and closed almost exactly where the session opened. This makes for limited opportunities intraday and a tough trading environment. There is more meaningful economic data coming later in...

Stock Picks Recap for 5/20/11

Forex Calls Recap for 5/20/11

The week started off decent, got pretty bad (including one day without a trade triggering, which is rare) and ended with a more than 100 pip winner to final target in the EURUSD. Here’s a look at the US Dollar Index intraday with market directional: As...

Tradesight Market Preview for 5/20/11

Thursday, before option expiration, the SP added 3 handles to the rebound. Note that price closed right at the February high. One key feature of the day was that a price flip was recorded and the chart now has the first day of a sell setup in place. The Naz...

Stock Picks Recap for 5/19/11

Forex Calls Recap for 5/19/11

Another dull session, but this one with the narrowest ranges of the week. Almost went another day without a trigger. See GBPUSD and NZDUSD below. US Dollar Index intraday with market directional: New calls tonight. No major news due, and tomorrow is options...

Stock Picks Recap for 5/18/11

Tradesight Market Preview for 5/19/11

The SP pivoted of support at the 50dma to rally 13 handles on expiration Wednesday. The next challenge is the February high at 1343. While today was a very strong session, it was not strong enough to record a price flip. Naz was higher by 24 but came up short...

Forex Calls Recap for 5/18/11

For the first time in months, neither trade triggered as we split the calls between the EURUSD and GBPUSD. The usual GBPUSD setup did trigger and worked, but the call in that direction was on the EURUSD, which set the trigger beautifully but never triggered....

Tradesight Market Preview for 5/18/11

The SP closed unchanged after finding support at the 50dma. Note that Tuesday’s close is also the static trend line. This is a very key area of support. Naz was slightly higher on the day closing near the 50dma. The gap from early April is still open. Multi...

Stock Picks Recap for 5/17/11

Forex Calls Recap for 5/17/11

Back and forth session with losers in the EURUSD, see below. Here’s the US Dollar Index intraday chart with market directional tools: New calls and Chat tonight. EURUSD: I was very excited early as the EURUSD came down and exactly touched (“set”)...

Tradesight Market Preview for 5/17/11

In addition to the AMZN news about the cloud services that is causing a lot of key technology companies to scramble, the US government officially hit the debt ceiling today. While there are ways around this for a few months, the longer this drag on without...

Stock Picks Recap for 5/16/11

Forex Calls Recap for 5/16/11

The Dollar got weaker overnight, but it didn’t carry the GBPUSD far, so we had a stop out. Here’s the US Dollar Index intraday with our market directional tool: New calls and chat tonight. GBPUSD: Triggered long at A and stopped. Re-entered...

Forex Calls Recap for 5/13/11

Nice 100-pip winner to close out the week. See EURUSD below. Here’s the US Dollar index intraday with market directional tools: As usual on the Sunday report, we’ll look at the action from Thursday night/Friday, then look at the daily charts...

Stock Picks Recap for 5/12/11

Forex Calls Recap for 5/12/11

More winners as the EURUSD trade from the prior session closed out in the money and the GBPUSD triggered short and worked. See below. Here’s the US Dollar Index intraday with our market directional tool: New calls and Chat tonight, but CPI in the...

Stock Picks Recap for 5/11/11

Tradesight Market Preview for 5/12/11

The SP lost 15 on the day and settled below the 10ema. The next key area of support is the static trend line at 1325. Naz lost 16 on the day, using the 8/8 Gann level as support intraday. Be sure to set an alarm for a break under 1374 which would be a fresh...

Forex Calls Recap for 5/11/11

Half-sized night ahead of Trade Balance. Carrying a winner forward on the EURUSD short. Here’s the US Dollar Index intraday with market directional: Back to normal size for one session, then back to half size ahead of CPI Friday. New calls and Chat...

Tradesight Market Preveiw for 5/11/11

The SP is maintaining trade above the February high. Today the futures were higher by 11 which recorded a price flip (green labeled 1 over the candle). Naz was higher by 22 settling right at the high close to date. One could argue that the February to present...

Stock Picks Recap for 5/10/11

Forex Calls Recap for 5/10/11

Pretty flat session again. Interesting how the US Dollar index intraday with market directional ended up right at the midpoint again: New calls and Chat tonight, but Trade Balance in the morning is one of our Big Three each month, so half size. EURUSD...

Tradesight Market Preview for 5/10/11

The SP posted a small range inside day, closing higher by 8 on the day. Price settled below the February high so the burden of proof remains on the bulls. Naz also posted an inside day, settling higher by 13 on the day. Note that the day’s close was above...

Forex Calls Recap for 5/9/11

One loser and one winner that is still going in the EURUSD. Here’s the US Dollar Index intraday with market directional tool lines: New calls and Chat tonight. EURUSD: Triggered long at A and stopped. Triggered short at B, hit first target at C, and...

The Importance of Ranges and Volatility in Stocks and Futures

I get asked all of the time what the secret is to making money trading. The answer is simple, though not something people typically want to hear. If I had to pick one thing to teach new traders, I would say this: “Markets ebb and flow, but you need range,...

The Importance of Ranges and Volatility in Forex

Tradesight April 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. Tradesight Pip Results for March 2011 Number of trades: 37 Number of losers: 18 Winning percentage: 51.3% Worst losing streak:...

Stock Picks Recap for 5/5/11

Forex Calls Recap for 5/5/11

Half size session ahead of all of the rate announcements, so not much for me here, but one trade worked and one didn’t. Here’s the US Dollar Index intraday with market directional: GBPUSD: Triggered long very early at A but gave you a chance...

Tradesight Market Preview for 5/5/11

The SP saw more selling closing right at the February high and losing 9 on the day. Price has flipped where today’s close is lower than the close 4 days ago and printed day one of the Seeker buy setup. The February high and 1337 April consolidation...

Stock Picks Recap for 5/4/11

Forex Calls Recap for 5/4/11

A better day with a clean trigger. See EURUSD below for details of the winner. Here’s the US Dollar Index with market directional tool lines: New calls tonight and Chat. EURUSD: Triggered long at A, hit first target at B, raised stop in the morning...

Tradesight Market Preview for 5/4/11

The SP lost 6 on the day, following through on yesterdays range high distribution candle. Note that the Seeker sell setup completed which recycled the Seeker exhaustion sell countdown. Price held above the 10ema and February high. This is now a key area of...

Stock Picks Recap for 5/3/11

Forex Calls Recap for 5/3/11

Mixed bag with some early triggers that didn’t work, but both triggers on the European session or later did. See EURUSD below. Here’s the US Dollar Index with market directional tool: New calls and Chat tonight. EURUSD: Triggered short early ...

Tradesight Market Preview for 5/3/11

The SP posted a distribution day losing 2 handles after gapping much higher. This leaves a bearish range high dark bodied candle. There are a couple of new interesting technical features. The pattern is now 8 day up in the Seeker sell setup and 11 days up...

Stock Picks Recap for 5/2/11

Forex Calls Recap for 5/2/11

Very narrow action and not much to do. The narrow Levels spacing and early trading action made me wait to make calls until later than usual. Then we had a loser and a winner which adds up to not much in very narrow ranges. Here’s the US Dollar Index...

Story of AAPL on Friday

Let’s examine from a technical perspective what happened today on AAPL as it relates to Gap Fill Thresholds, Seeker Counts, and index rebalancing. AAPL lost size in the NASDAQ index, which rebalances over the weekend, which means that funds have...

Current View of the US Dollar Index

Let’s discuss the broader view of the US Dollar Index. Let’s start with a fairly short-term look at the daily chart, which broke down over the last two weeks: That chart shows a clear downtrend in place, with a trendline that we can follow...

Stock Picks Recap for 4/29/11

Tradesight Market Preview for 4/28/11

The SP broke to new high ground on the day adding 10 handles to the move. Price settled above the prior high which now puts the 8/8 level in play up to 1375. The bar count remains favorable at only 9 days up in the exhaustion countdown. Naz added 24 on the...

Forex Calls Recap for 4/27/11

One winner on the GBPUSD ahead of the Fed (half size). See below. Meanwhile, here’s the US Dollar Index intraday with market directional: New calls and Chat tonight. GBPUSD: Triggered long at A, hit first target at B, raised stop in morning and stopped...

Stock Picks Recap for 4/27/11

Tradesight Market Preview for 4/27/11

Tradesight Market Preview for 4/26/11

The SP posted a very narrow range measuring day with very little change on the day. Volume was down ahead of the 2 day FOMC meeting. The price action in the Naz was very similar to the SP. Price closed very near the 8/8 Gann level with little net change on...

Stock Picks Recap for 4/20/11

Forex Calls Recap for 4/20/11

US Dollar got weaker again during the session. Here’s the index with our market directional tool, negative all the way through: Two nice winners in the GBPUSD (one from this session and one carryover from the last session). See below. New calls and...

Tradesight Market Preview for 4/20/11

The SP gained 7 on the day where the pattern recorded the 8th day down. Note the confluence of interest at the 1312.50 area where the 10 and 50dmas lie and where the 8/8 Gann level is set. Wow, is this an important resistance level or pivot point in the market....

Stock Picks Recap for 4/19/11

Forex Calls Recap for 4/19/11

US Dollar declined overnight, here’s the index with market directional tool lines: GBPUSD stopped twice and worked in the morning. Carrying over a piece (see below). New calls and Chat tonight. GBPUSD: Triggered short at A and stopped. Triggered long...

Tradesight Market Preview for 4/19/11

The SP gapped sharply lower, closing near the opening level and losing 17 on the day. Note that price now quite a bit below the 50dma and the CCI continues lower but has not broken below the zero line. Naz lost 19 on the day but settled near the HOD, intraday...

Stock Picks Recap for 4/18/11

Forex Calls Recap for 4/18/11

Despite the S&P downgrade of US Debt, the Dollar got stronger for the session and used the midpoint as support most of the way: We had a winner in the GBPUSD, see below. New calls and chat tonight. GBPUSD: Triggered short at A, hit first target at B,...

Stock Picks Recap for 4/15/11

Forex Calls Recap for 4/15/11

Exactly what you would expect ahead of one of our Big Three numbers (CPI in this case) and the reason that we do half size ahead of those data points. See GBPUSD below. On to next week… Here’s the US Dollar Index with market directional tool: As...

Tax Day 2011 and What Tax Day Means to the Markets

Tax Day 2011 is upon us (April 15). What are some of the implications about Tax Day in general from the market’s perspective? Here’s a few, statistically. 1) If the market has been moving in one direction for the last couple of month, Tax Day is...

Stock Picks Recap for 4/14/11

Forex Calls Recap for 4/14/11

We continue to trade winners and losers on a flat week with little range. Today was a winner on the GBPUSD. See below. Here’s the US Dollar Index with the market directional lines: New calls tonight and chat, but will be half-size ahead of CPI. GBPUSD: Triggered...

Stock Picks Recap for 4/13/11

Tradesight Market Preview for 4/14/11

The SP treaded water, closing unchanged, and showing no sign of option unraveling. The 1317 overhead gap was filled, but otherwise there were no new technical features. Higher prices traded, but at the end of the day the chart recorded another distribution...

Tradesight Market Preview for 4/13/11

The SP followed through to the downside losing 11 handles on the day. Price has settled below the rising 50dma and has a Seeker buy setup in progress, currently 3 days down. Tomorrow is the Wednesday before options expiration so be on guard for stocks moving...

Stock Picks Recap for 4/12/11

Forex Calls Recap for 4/12/11

An early trigger that worked (see GBPUSD below) and that was it. US Dollar declined during the session. Here’s the index with the market directional tool: New calls and chat tonight for subscribers. GBPUSD: Triggered short early at A (half size);...

Tradesight Market Preview for 4/12/11

The SP was lower by 4 on the day which puts settlement below the recent trading range. While not decisive down side momentum is gathering as evidenced by the lower high in the CCI moving towards the zero line. Naz also broke to new low ground, more decisively...

Forex Calls Recap for 4/11/11

I can count on my two hands the number of days in 7 years of making Forex calls that I haven’t been able to find setups that I liked, and this was one of them. Not surprisingly, the market didn’t do anything, so when the market doesn’t...

Stock Picks Recap for 4/8/11

Forex Calls Recap for 4/8/11

Another winner to close out the week and we’re back to flat, which is probably the place to be. Here’s the US Dollar Index intraday from Friday with the market directional tool…obviously red most of the session: Winner was in the GBPUSD....

Stock Picks Recap for 4/7/11

Stock Picks Recap for 4/6/11

Forex Calls Recap for 4/6/11

US Dollar got weaker and we had a clean winner in the EURUSD that gave you hours to enter. See below. Here’s the US Dollar Index intraday with market directional: EURUSD: Triggered long at A, gave you hours until B to enter, hit first target at C, currently...

Tradesight Market Preview for 4/7/11

The SP tested the waters above the recent range but was rejected and settled below the open but up 2 handles on the day. The same technical condition persists in that only a close outside of the recent range will define a directional bias. Naz was also higher...

COT 4-01-11

Hi Traders, Well, I was swamped last week so I never got to the COT. No matter, with Non-Farm Payrolls out on Friday, I don’t think it was that big of a deal; and, the previous week’s report sufficed just fine. About the COT and coming up-to-speed,...

Tradesight Market Preview for 4/6/11

The SP remains trapped in the recent range. Intraday, price swept the prior high but settled 2 handles lower on the day. Noting decisive can be determined until price exits the mini-range on a closing basis. Naz was weaker by 17 on the day, settling right...

Stock Picks Recap for 4/5/11

Small Cap Picks Recap for 4/5/11

The first quarter of the year is a great time of year for the small cap sector because a lot of little stocks get the benefit of new IRA money. However, in general, the Russell 2000 index has been much stronger than the rest of the market, and we might see...

Forex Calls Recap for 4/5/11

Been a while, but we had a trigger hit on a major news spike that may have prevented most from getting an execution. See GBPUSD below. That is something that can happen in Forex. Here’s the US Dollar Index intraday with our market directional tool: GBPUSD: Triggered...

Tradesight March Forex Results…

Before we get to February’s numbers, here is a short reminder of the results from February. The full report can be found here. Tradesight Pip Results for February 2011 Number of trades: 30 Number of losers: 12 Winning percentage: 60% Worst losing streak:...

Tradesight Market Preview for 4/5/11

The SP posted a very narrow range inside candle on the day, almost mirroring the session from Friday. This means there is nothing new technically but the break out of the 2 day range could have some punch. Naz was a bit weaker than the broad market until...

Stock Picks Recap for 4/4/11

Forex Calls Recap for 4/4/11

Here’s a look at the US Dollar Index intraday with our market directional tool (very narrow session overall): GBPUSD trade triggered, see below. New calls and Chat tonight. GBPUSD: Only 70 pips of range for the session, which is horrible. Triggered...

Forex Calls Recap for 4/1/11

Half size ahead of NFP, and this was a good example of why. Both the long and short triggered and stopped. However, after NFP, back to full size and a nice winner to close the week and wrap the calls from March. Here’s the US Dollar Index intraday...

Stock Picks Recap for 4/1/11

Forex Calls Recap for 3/31/11

Stock Picks Recap for 3/31/11

Tradesight Market Prevew for 3/31/11

The SP closed at a new bounce high as Q1 comes to a close adding 7 on the day. Price tested but did not exceed +1/8. Note that the pattern is now 8 days up. Naz gapped higher, filled the gap, and then settled right at the open. Like the SP, the Naz is 8 days...

Stock Picks Recap for 3/30/11

Pretty boring day. 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...

Forex Calls Recap for 3/30/11

Here’s the US Dollar Index intraday with the market directional tools: GBPUSD, one winner after two early trigger losers and once again ended up near where we started. See below. New calls and Chat tonight. GBPUSD: Triggered long early at A (partial...

Tradesight Market Preview for 3/30/11

The SP answered an outside day down with an outside day up gaining 14. The volume was light but will likely pick up as the rest of the week progresses. Wednesday, the ADP employment number is out before the bell then Thursday jobless claims are released and...

Stock Picks Recap for 3/29/11

Forex Calls Recap for 3/29/11

Here’s the US Dollar Index with market directional lines where the midpoint and opening level ended up being about the same, and we closed right above that level: No new progress again. See GBPUSD for trade results. New calls tonight and chat. All...

Tradesight Market Preview for 3/29/11

The SP lost 8 handles, closing on the low of the day. A couple of important developments should be noted. The breakaway gap down was filled (well within one tick) and this will be crossed off the technical to do list by traders. Also, Monday’s candle was...

Stock Picks Recap for 3/28/11

Forex Calls Recap for 3/28/11

Pretty narrow activity but a winning trade for us in the GBPUSD. See below. Here’s the US Dollar Index 5-minute chart for the session with our market directional tool: GBPUSD: Triggered short at A, hit first target at B for that 45-50 pip range, second...

NZDUSD Signal with the Seeker and ADR

Let’s have an educational discussion about the importance of lining up key tools where we can measure turning points in the market from energy construction and really apply them when the market hits a major support or resistance point. We view the...

Stock Picks Recap for 3/24/11

Forex Calls Recap for 3/24/11

Here’s the US Dollar Index with our market directional tool for the session: Another clean winner and we stopped out of the final piece of the prior day’s trade for a 150-pip gain. See GBPUSD below. New calls tonight and chat. GBPUSD: Triggered...

Tradesight Market Preview for 3/24/11

The SP finished higher by 3 on the day after recouping some serious intraday losses. The 2 day inside pattern broke to the downside but did not see follow on selling. This is a subtle sign of strength. Keep a close eye on the 50dma just overhead. Naz was...

Stock Picks Recap for 3/23/11

Forex Calls Recap for 3/23/11

US Dollar got stronger during the session eventually. Here’s the Dollar Index intraday with our market directional tool: Meanwhile, the nice EURJPY Value Area play that we called never triggered, and there was some activity on our GBPUSD, see below....

Tradesight Market Preview for 3/22/11

There was very little price movement in the equity futures. The SP posted a narrow range inside candle losing 5 on the day. A key level of resistance or breakout level remains just overhead from the 3/10 gap. Be sure to have an alarm set for 1300. Naz posted...

Stock Picks Recap for 3/22/11

Forex Calls Recap for 3/22/11

Another day, another winner in the GBPUSD, and this time, it’s still going. See below. Here’s the US Dollar Index intraday with our market directional tools: New calls and chat tonight. Seems like a very tame, yet organized, week. GBPUSD: Triggered...

A Word About Browsing

At Tradesight, we like to keep our subscribers updated from time to time on major technology upgrades. While browsers might not sound like an important component from a trading perspective, let’s face it, we all use them. Given the fact that the big...

Tradesight Market Preview for 3/22/11

The SP rallied 18 handles Monday, leaving a gap below. Price has reclaimed the 10eam and has considerable overhead at the 50dma and 1300 breakdown gap. Note that in general, volumes were very light which makes the gap more prone to filling. Naz was higher...

Stock Picks Recap for 3/21/11

Forex Calls Recap for 3/21/11

A fairly flat session. Here’s the US Dollar Index with our market directional lines: Very slow night on a lot of the pairs, such as the EURUSD (see below). However, our GBPUSD still managed to be a winner despite the range issues. See below. New calls...

COT 3-18-11

Hi Traders, A good Monday to you! I have to admit, it was an amazing Tampa Bay weekend; I mean, it was the perfect illustration of “why” this time of years our state fills-up with out-of-staters driving very large cars, doing below the speed limit and...

Stock Picks Recap for 3/17/11

FOREX Calls Recap for 3/17/11

US Dollar Index with our market direction tool: We had the perfect trade setup in the GBPUSD (if you’ve taken the course, you should have been drooling) and it triggered during the European session, which is ideal for that pair, and worked perfectly....

Tradesight Market Preview for 3/17/11

Wednesday, the SP lost 21 on the day, settling just above a very key area. The 2010 close and also the 4/8 Gann level is right in the 1250 area. Other features from Wednesday’s price action is the penetration of the zero line in MACD and a near climatic...

Market Index Preview for 3/16/11

The SP gapped down big and spent the rest of the session recovering. The 1270 level was recovered which is a small win for the bulls. There are some key levels to consider as we progress through the quarterly expiration week. 1257.75 was the YTD low...

Stock Picks Recap for 3/15/11

Forex Calls Recap for 3/15/11

Here’s the US Dollar Index for the session, with the Fed announcement late in the day that did very little: Winner on the GBPUSD, see below. Back to normal, new calls and Chat. GBPUSD: Triggered short at A, hit first target at B, lowered stop and stopped...

Stock Picks Recap for 3/14/11

Tradesight Market Preview for 3/15/11

The SP expanded the range to the downside Monday, losing 10 on the day. Price has closed below the 10ema and 50dma’s. The last confirmation for the bears will be a loss of the zero line of the MACD. Note that while the action was negative, price settled...

Forex Calls Recap for 3/14/11

Not too exciting of a session despite all that is happening in the world. Here’s the US Dollar Index intraday: New calls tonight and Chat, but the Fed meeting tomorrow should keep things slow. GBPUSD: Triggered short at A and stopped. Triggered long...

COT 3-12-11

Hi Traders, What an awesome weekend here in Tampa Bay… and that’s all I’ll say just in case it’s cold and nasty where you are. Okay, that and… Hold on, summer is coming! Okay, the COT charts are here; feel free to grab a copy...

Trend Changes, Trading, and Choosing Sides

One of the key learning experiences if you want to become a professional trader is how the market changes character at “trend change” points. I wanted to spend a little time this weekend talking about that. Here is a look at the S&P 500...

Forex Calls Recap for 3/11/11

Pretty dull session after a pretty exciting one. Locked in over a 100 pip winner on the last half of the trade from the prior day, and then the new trade barely stopped us out by a couple of pips before working fine. See GBPUSD below. As usual on the Sunday...

Forex Calls Recap for 3/10/11

Here’s the US Dollar Index, which was nothing but green and up all day using our measurements: Nice winner in the GBPUSD, still carrying some. New calls tonight and Chat. GBPUSD: Triggered short early at A, hit first target at B, gave you chance to...

Stock Picks Recap for 3/10/11

Forex Calls Recap for 3/10/11

Stock Picks Recap for 3/9/11

Forex Calls Recap for 3/9/11

The last half of the GBPUSD shorts from the last two days stopped in the money overnight, but new trades didn’t work. See EURUSD and GBPUSD below. Here was the US Dollar Index intraday. New calls tonight and Chat but Trade Balance in the morning...

Tradesight Market Preview for 3/10/11

To mark the two year anniversary of the stock market recovery it might be a good time to examine the longer term charts. In the weekly chart below, price has recovered to between the 62 and 76% fibs. Adding a wave count to the weekly ES chart shows that price...

Stock Picks Recap for 3/8/11

Forex Calls Recap for 3/8/11

Doesn’t look like much, but in fact, it was a good session as our GBPUSD short continues to work from the prior day, plus the new trade triggered short and hit the first target, so we have two trades in the same direction carrying forward with their...

Tradesight Market Preview for 3/9/11

The SP posted an inside day. This kept yesterday’s candle from following through but also didn’t resolve the pattern to the upside. A decisive break is needed to force the players from the larger time frame to make a move. Naz also posted an inside day...

Tradesight Market Preview for 3/8/11

The SP lost 11 handles on the day, settling below the key DTL. The trend will not turn negative until there is a day of follow through and even better a break under the recent range. The hourly chart of the SP futures has price just barely hanging onto the...

Stock Picks Recap for 3/7/11

Forex Calls Recap for 3/7/11

Here’s the US Dollar Index intraday…despite all of the movement, the net result was barely ending up above where it started: Having said that, we ended up with two winners, with both trades on the GBPUSD triggering and hitting first target cleanly....

COT: 3-4-11

Hi Traders, A good Saturday morning to you. It’s a little overcast here in the Tampa Bay area, but yesterday was FANTASTIC, so I’ll put up with some cloud cover. At least it’s warm enough to wear shorts and flip flops! On to the COT but first,...

Identifying New Ideas in a Weak Tape

The rally off the September 1st follow through day in the market has been nothing short of relentless , and in recent weeks, the market has come under significant distribution (Institutional Selling) exacerbated by headlines of Middle East unrest. While...

GBPUSD Target Update and US Dollar Index Analysis…

Time to analyze the US Dollar Index, as we are getting to a “make or break” point here conceptually. While the chart certainly looks weak overall, it is important to recognize that from an energy perspective, it is sitting right on a static...

Tradesight February Forex Results…

Before we get to February’s numbers, here is a short reminder of the results from January. The full report can be found here. Number of trades: 35 Number of losers: 23 Winning percentage: 34.3% Worst losing streak: 8 in a row (January 6-14) Net pips: -40 January...

Forex Calls Recap for 3/3/11

Pretty flat and contained night until the rate announcement out of Europe. Here’s a look at the US Dollar Index with market directional: Small winner going in GBPUSD, see below. Several Value Area plays worked too, as discussed below. EURUSD: Stopped...

Stock Picks Recap for 3/2/11

Forex Calls Recap for 3/2/11

Here’s a look at the USD with market directional, including the only switch to negative at A: Winner in the EURUSD that is carried over, smaller loser in the GBPUSD. New calls and Chat tonight. EURUSD: Triggered long at A, hit first target at B, note...

Tradesight Market Preview for 3/3/11

The SP posted a classic measuring day. These are often seen following a hard move where the bulls and bears “measure” or test each other. By the settlement, price was little changed from the opening and was higher by 4 handles. A break under Tuesday’s...

Tradesight Market Preview for 3/2/11

The SP gapped higher, testing the gap window form last week and was sold, sold, sold. At the close, price was at the low of the day actually closing the gap up from Friday. After all was said and done, price shed 25 handles and made the low close of the move...

Stock Picks Recap for 3/1/11

Forex Calls Recap for 3/1/11

All you have to do is look at the chart of the US Dollar Index for the session to see that this was a messy day that went nowhere. We crossed the opening level and the midpoint several times and closed around there too: Meanwhile, we did have a winner...

Stock Picks Recap for 2/28/11

Tradesight Market Preview for 3/1/11

The SP was higher by 7 on the day, settling between gap below from Thursday and the gap above from Tuesday. Price interacted with the near term DTL (green) and found buyers. Note on the chart that the MACD is still in a sell condition. Naz was higher by 5,...

Forex Calls Recap for 2/28/11

Let’s start by taking a look at the US Dollar Index intraday chart with our directional tool from the start of the session (5 pm EST which is 15:00 in my time zone): Note that the direction was up early, and then we broke to downward direction when...

COT 2-25-11

Hi Traders, An awesome Saturday morning to you! For some reason, I was up at 7:15, today. I have no idea why, but I’m not complaining! Nope, I have tons to do, including preparing this week’s COT report for you guys. So, I better get busy This...

Stock Picks Recap for 2/24/11

GBPUSD Breakout Projection Using MOB

MOB (Make or Break) Projection for GBPUSD Breakout There is a lot of focus right now on the fact that the US Dollar Index looks extremely weak and is breaking some key technical indicator levels that threaten a potentially big downside move. One part of...

Forex Calls Recap for 2/24/11

Couple of losers for us finally after a decent last two weeks. EURUSD one way and GBPUSD the other as the two diverged overnight and didn’t trade much range anyway. See both below. New calls and Chat tonight. Second look at GDP in the morning is not...

Market Preview for 2/24/11

NDX lost 20 points on 2.3 billion NASDAQ shares, which is even heavier than the prior day’s volume: S&P lost 8, but it is barely holding the main trendline that I follow: SOX lost 8 and broke the key trendline: NBI lost 7 and is cracking a base: Oil...

Stock Picks Recap for 2/23/11

Forex Calls Recap for 2/23/11

Another winner in the GBPUSD as we came close to that daily chart breakout called in the Sunday report (don’t miss!). See GBPUSD below. New calls and Chat tonight. Ranges were average, which is fine. EURUSD: GBPUSD: Triggered long at A, gave you...

Market Preview for 2/23/11

Pretty straight-forward reaction to uncertainty in the Gulf, further showing the fragility of our markets as we remain oil-based. Oil popped hard on the situation: Which led to a gap down and further push lower (despite some recovery in the European markets...

Stock Picks Recap for 2/22/11

Market gapped down, gave a decent push back up, and then rolled hard and closed near lows on 2.2 billion NASDAQ shares. ES with Tradesight Levels: NQ with Tradesight Levels: ZN (10-year Treasury Note) with Tradesight Levels: ES with Tradesight Market Directional...

Forex Calls Recap for 2/22/11 (with Seeker Educational Comment)

Nice winner to start out the week. Let’s keep track in 2011…so far, we’re 2 for 2 getting an early move coming back from a 3-day weekend. You have to get those full sized orders in at the start of the session after a Monday holiday here...

FX Analysis for the Week

Let’s examine the market and see what the power might be behind the GBPUSD breakout play mentioned in our weekend report. First, here’s a look at the play, which is a clean breakout of a cup and handle on the daily chart: What does that mean?...

Weekend Market Index Update and Seeker Discussion

I wanted to use this weekend’s report slot (which I will be taking over for the duration of this week in Rich’s absence) to discuss some interesting views of the major market indices and oil and gold pricing using our 9-bar Seeker tool and...

Stock Picks Recap for 2/18/11

Forex Calls Recap for 2/18/11

A winner to close out the week. No calls Sunday for the US Holiday on Monday. As usual on the Sunday report, we’ll have a look at the action from Thursday night/Friday, then we will look at the daily charts heading into the new week (GBPUSD is the...

Stock Picks Recap for 2/17/11

Tradesight Market Preview for 2/17/11

The SP added 6 handles to the advance, making a new high. A measured move target has been added to the chart by applying Fibonacci extensions from the July low to the 1216.50 breakout. 1346 is the first level. Naz was higher by 10 but settled near the low...

Stock Picks Recap for 2/16/11

Forex Calls Recap for 2/16/11

A loser and a winner on a day that saw some range in the market, even if it couldn’t stick to one direction. See GBPUSD below. New calls tonight and Chat, but CPI in the morning is one of our big three. Also, Friday is options expiration, which has...

Stock Picks Recap for 2/15/11

Tradesight Market Preview for 2/16/11

The SP is stuck at a measured move. There has been a lot of talk in the financial medial about the SP500 having about doubled from the intraday swing low at 666. They say that the “psychological level” is proving to be a headwall in the advance. The truth...

Tradesight Market Preview for 2/15/11

The SP was fractionally higher on the day. The most notable feature of the day was the lack of volume, the DIA which we like to track the true market volume on the day was only 49% of the typical run rate. Yup, less than half of the typical volume which need...

Stock Picks Recap for 2/14/11

Forex Calls Recap for 2/14/11

Happy Valentine’s Day. A winner and a loser to start the week. Ranges weren’t great. New calls and Chat tonight. Remember that tomorrow is the last day to sign up for our new session of our FX course and mentoring package. And for those that...

Stock Picks Recap for 2/11/11

Forex Calls Recap for 2/11/11

Winner that triggered early ahead of the Trade Balance number, so quarter size for me, but it worked great. See GBPUSD below. As usual, we’ll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (see...

Stock Calls Recap from 2/10/11

Forex Calls Recap for 2/10/11

Couple of nice calls. See EURUSD Value Area below and GBPUSD below. New calls tonight, but Trade Balance in the morning is one of our big three each month, so half size. EURUSD: Value Area that we focused on triggered short at A and moved to the VAL target...

Stock Picks Recap for 2/9/11

Tradesight Market Preview for 2/10/11

The SP was lower on the day by 3 managing to settle above the open. This is a small win for the bulls that they need to build on. Naz hit a new intraday high but settled about even on the day. The Seeker exhaustion countdown is now 12 days up. Multi sector...

Stock Picks Recap for 2/8/11

Tradesight Market Preview for 2/9/11

The SP was higher on the day, adding 6 more points to the rally in progress. Naz was higher by 17, topping yesterday’s high and closing above it. The pattern is now 11 days up. Multi sector daily chart: The 10-day NYSE Trin is neither over bought nor...

Stock Picks Recap for 2/7/11

Forex Calls Recap for 2/7/11

Early trigger and winner in the GBPUSD, and then things settled back to even and went nowhere. New calls and Chat tonight. EURUSD: GBPUSD: Triggered long early at A (half size); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`,...

Tradesight Market Preview for 2/8/11

The ES settled higher on the day by 8 handles. The Seeker exhaustion signal is now disqualified in the daily time frame. Naz gained 7 on the day and left a tall wick on the Monday’s candle. The financials have become the leader in the multi sector daily...

Stock Picks Recap for 2/4/11

Forex Calls Recap for 2/4/11

Another winner to close out a great week. See GBPUSD below. As usual on the Sunday report, we’ll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (nothing special to note); INSERT INTO `wp_posts`...

US Dollar Update…

Let’s discuss the current state of the US Dollar Index daily chart from multiple timeframes, as I think this area is going to be fairly critical in determining whether the US Dollar has formed a multi-year bottom or not. Bottoms take time, especially...

Tradesight Market Preview for 2/3/11

The SP posted a very narrow range inside day, neither impressed nor disappointed by the ADP Employment Report. The Seeker exhaustion signal is still active. Naz also posted a very narrow range inside day. Price is still contained below the January highs and...

Stock Picks Recap for 2/2/11

Forex Calls Recap for 2/2/11

Winner to start the month in the GBPUSD. See below. New calls tonight and Chat as we head toward NFP on Friday. EURUSD: GBPUSD: Triggered long early at A but gave you until B to enter. Hit first target at C, stopped last piece at D: Read More →

Tradesight January 2011 Forex Results

Before we get to January’s numbers, here is a short reminder of the results from December. The full report can be found here. Number of trades: 34 Number of losers: 18 Winning percentage: 47.0% Worst losing streak: 4 in a row (Dec 26-28) Net pips: +315 Reminder:...

Tradesight Market Preview for 2/2/11

The SP settled at a new high on the move, adding 21 handles. The futures left a gap open from Monday’s close and terminated the advance at the Seeker exhaustion risk level. The Sell signals is still active until a close is recorded above the aggressive risk...

Stock Picks Recap for 2/1/11

Forex Calls Recap for 2/1/11

Another nice winner on the last day of the month as we now move to February. See the GBPUSD below. The trade from the prior day carried to a nice winner as well. New calls tonight and chat. EURUSD: GBPUSD: The final piece of the trade from the prior session...

Tradesight Market Preview for 2/1/11

The SP posted an inside day, “measuring” the conviction of the bulls and bears after the price shock on Friday. There were some positive and some negative footprints left on the chart. The days settlement was above the open which is a plus, a dark...

Stock Picks Recap for 1/31/11

Forex Calls Recap for 1/31/11

Winner to start the week in the GBPUSD, although pieces of the staggered entry went once and stopped before the rest of the trade triggered if you follow our order entry guidelines. See GBPUSD below, which I’m carrying a piece of long still into...

Forex Calls Recap for 1/28/11

Closed the week out on a winning note with two half-sized stop outs overnight ahead of the GDP data, and then a full-sized 40 pip winner. Slightly green day wrapping up a slightly green week that is about to end a red January, our first net negative month...

Stock Picks Recap for 1/28/11

Stock Picks Recap for 1/27/11

Tradesight Market Preview for 1/27/11

The SP recorded a new intraday high on the move but failed to settle at a new high. There is a small gap left on the chart from Tuesday’s close. Naz was high on the day by 15, slightly outperforming the broad market on a relative basis. The banking index...

Stock Picks Recap for 1/26/11

Forex Calls Recap for 1/26/11

Unexciting as expected, even after the Fed announcement, which is barely an announcement any more (no surprises). Light range on most of the pairs. We’ll see if there’s room for some trading tonight before the market gets fixed on Friday’s...

Stock Picks Recap for 1/25/11

Tradesight Market Preview for 1/26/11

The SP closed almost flat after recouping some decent intraday losses that saw price undercut Monday’s low. The 2 day FOMC meeting announcement will come out Wednesday at 2 pm EST. Naz was higher by 3 and was relatively strong vs. the broad market all session....

Forex Calls Recap for 1/25/11

Nice to finally get back to work with a good winner. See GBPUSD below. New calls tonight and Chat, but Fed announcement tomorrow. MB Trading made a major announcement today that I will be discussing in a Blog later this week. EURUSD: GBPUSD: Triggered short...

Stock Picks Recap for 1/24/11

Forex Calls Recap for 1/24/11

Very slow night to start. Things picked up a little in the US session, but nothing special. Ranges were light except the AUDUSD. See GBPUSD below. New calls and Chat tonight, but heading into a 2-day Fed meeting. EURUSD: GBPUSD: Triggered short at A after...

Tradesight Market Preview for 1/25/11

The SP gained back 9 on the day. The advance/decline numbers were excellent but didn’t produce a new high on the move. Expect more volatility as we trudge through earnings season and the FOMC decision on Wednesday. Naz was higher by 20 and outperformed...

Trendlines, Earnings, the Fed, and Staying Away from Predictions

The week ahead has some interesting features, so I wanted to discuss that but also through in the context of the current state of the stock market. Our of the guiding principles of what we teach at Tradesight for the last decade has been that we try to...

Stock Picks Recap for 1/21/11

Stock Picks Recap for 1/20/11

Tradesight Forex Calls Recap for 1/19/11

A winner and a loser on the extra replacement call. See EURUSD and GBPUSD. Ranges were a little less than the prior day (first day back from a 3-day weekend is usually great). New calls and Chat tonight. EURUSD: Triggered long at A. This was an additional...

Tradesight Market Preview for 1/20/11

The SP gapped lower and recorded most negative candle since the December 1 breakaway gap. This could be the beginning of a correction. Wednesday the Trin closed at 2.31 which is bearish but not an extreme reading that needs relief. Since the Trin didn’t...

Tradesight Stock Picks Recap for 1/18/11

Tradesight Market Preview for 1/19/11

The SP advanced 5 handles, making a new high on the move and disqualifying the Seeker 13 countdown exhaustion signal. Naz was higher by 11 which is a new high on the move and new closing high. The reaction to the AAPL earnings will likely dictate whether...

Tradesight Forex Calls Recap for 1/18/11

Nice start to the week with two winners, one early and one later, on the GBPUSD. As we teach and I noted both Friday and last night, when you have a 3-day weekend, you want to get those orders in early as the banks come back and make up for lost time....

China: Who’s Hu?

Hi Traders, I hope your long weekend was more than just “long” and you had some BIG fun. You know, it’s been interesting watching the current currency debacle. And, you have to wonder where it’s all going. Or, maybe you don’t...

Tradesight Market Preview for 1/18/11

Friday, the SP futures were higher by 8 handles, closing at the high of day and the high of the move. Price settled just below the Seeker exhaustion signal disqualifier. Since there is no stronger signal than a failed one, a break above the Seeker risk level...

Stock Picks Recap for 1/14/11

Stock Picks Recap for 1/13/11

Stock Picks Recap for 1/12/11

Tradesight Market Overview for 1/13/11

The SP broke above the trading range, making a new high and closing near the high of day. The pattern is now 12 days up. Naz also broke to a new high and recorded 9 days up. Note that the Seeker countdown run, currently 10 days up will recycle and erase if...

Tradesight Forex Calls Recap for 1/12/11

Early trigger on the GBPUSD that worked, not much else set up, although it triggered again overnight and worked again, better the second time. See GBPUSD below. GBPUSD: Triggered long early (half size) at A, hit first target at B, raised stop to entry and...

Tradesight Stock Picks Recap for 1/11/11

Tradesight Market Preview for 1/12/11

The SP took back 4 handles settling back at the top, but not breaking out of the range. Note that no 12 was recorded in the Seeker run. Naz was higher by 3 handles and recorded a camouflage sell signal because price was higher on the day but below the opening...

Tradesight ETF Calls Review for the Week

Rich’s segment: The TBT trade is still on. This week members of the EU will be selling/rolling over debt and this will be a very key event for world markets. Portugal, Italy and Spain will all be selling government paper which will likely make all...

Tradesight Forex Calls Recap for 1/10/11

With Japan closed, there was a fairly slow start to the week again. We have one trade still going from the calls. See GBPUSD below. New calls tonight and Chat. All pairs were under average daily range. EURUSD: Barely 80 pips of range here: GBPUSD: Triggered...

Tradesight Stock Picks Recap for 1/10/11

Tradesight Market Preview for 1/11/11

The SP saw a small loss Monday, losing just 2 points from Friday’s close. The current technicals are a mixed bag. On the positive side, price settled above the 10ema and the days open but on the negative side, settlement was negative on the day. Also, note...

COT: 1-7-11

Hi Traders, The first week back from the holiday break was somewhat uneventful; but, historically, it takes a couple of weeks for money flows to pick-up this time of year. Of course, there was the Non-Farm Payrolls report (NFP) on Friday, which so many of...

Stock Picks Recap for 1/6/11

Market Preview for 1/6/11

The January effect is a widely known phenomenon that proposes as goes January, so goes the rest of the year. It’s kind of a grand assumption, very long term in perspective, and its accuracy and usefulness is debatable. There is a much shorter time frame...

Stock Picks Recap for 1/5/11

2010 End of Year Report for Stocks and Forex

Every year, at the end of the year, we recap the market action for the just-completed year and discuss how our various services did. If you go back and look at prior year-end reports, I would say that we have done a fairly good job of anticipating what...

Market Preview for 1/5/11

Tuesday, the SP closed flat to the penny, but the session had some interesting features. Price closed the dirty gap on the intraday decline but failed to fully close the 1253 gap. The Seeker count is now 10 days up and at very little risk of a recycle. Naz...

Stock Picks Recap for 1/4/11

Forex Calls Recap for 1/4/11

Losers and winners with a carryover trade in the GBPUSD. New calls tonight and Chat as ranges are doing just fine now that the new year is underway. The GBPUSD exceeded average daily range, as you can see with the dashed green and red lines on the chart. EURUSD: USDJPY: GBPUSD: Triggered...

COT: 1-03-11

Hi Traders, We’ve ended the first day of trading in 2011, even though it was a bank holiday for most major countries, excepting the United States. Hm. Seems to me we might take a lesson from here: “Work less, play more!” I like it… I really do. Note:...

Market Preview for 1/4/11

The SP added 12 handles on the day and most of the advance was from the overnight gap. Price settled in the lower half of the traded range which leaves an awkward candle on the chart. Price action could be flakey for a couple of days until either the gap proves...

Forex Calls Recap for 1/3/11

One winner to start the year in the GBPUSD, although it didn’t add up to much. See below. Ranges were decent so the Levels should be spaced fine going forward. New calls tonight and Chat. EURUSD: GBPUSD: Triggered short at A, hit first target at...

Tradesight December 2010 Forex Results

Before we get to December’s numbers, here is a short reminder of the results from November. The full report can be found here. Number of trades: 30 Number of losers: 9 Winning percentage: 70.0% Worst losing streak: 3 in a row (Nov 8-9) Net pips: +512 Reminder:...

Market Preview for 12/30/10

This will be our last market preview for 2010. Tradesight will be closed on Friday due to the light volume, end of year, and several countries’ banks being closed. Have a Safe and Happy New Year. The SP gained about one more point, making a new YTD high....

Stocks Picks Recap for 12/29/10

Forex Calls Recap for 12/29/10

We locked down the second half of the winner from the prior session in the EURUSD, and then a loser and a winner that is still on for the new session. See EURUSD and GBPUSD below. New calls tonight and Chat, but we’re winding down the year. I won’t...

Forex Calls Recap for 12/28/10

Two winners, including one that is still on at the moment, on the EURUSD as we finally traded average range again. Too bad it was in both directions instead of just one, but I’ll take it. New calls tonight and Chat again. Probably not much after tomorrow. EURUSD: I...

Stock Picks Recap for 12/27/10

Forex and Stock Market Preview for Last Week of December

Cautioning traders about rough environments has been one of the cornerstones of Tradesight’s approach over the last decade. A lot of newer traders get so excited about trading that they don’t recognize that not all days are equal and provide equal...

Stock Picks Recap for 12/21/10

Forex Calls Recap for 12/21/10

Mixed session again and not much excitement, although some Value Areas did trigger. Ranges were light and that might about wrap it for the year. New calls and Chat tonight. EURUSD: Triggered short early at A and stopped. Triggered at B, hit first target...

Market Preview for 12/22/10

The SP nudged to a new high on the move and violated but did not break the SEEKER exhaustion signal’s risk level. This “uncle” level is the last hope for the bears. But there is hope for the bears because of the internals of today’s candle. ...

COT: 12-17-10

Hi Traders, Holiday greetings from a sunshiny Tampa Bay! I hope all’s well and you haven’t lost your mind by visiting the malls and stressing-out over what to buy whom and where to get it for the very best price. And, with this in mind, I’m going to...

Stock Calls Recap for 12/16/10

Forex Calls Recap for 12/16/10

Another winner, plus we closed out the shorts from the last two days for a few hundred pips net. New calls and Chat tonight, but triple expiration tomorrow doesn’t get me excited. EURUSD: GBPUSD: Triggered long at A and gave you some time to take...

Using The 24-hour VWAP Tool for Forex Trading

There are a variety of ways to use the 24-hour VWAP (Volume-Weighted Average Price) as we teach it. This is a unique tool to Tradesight in the FX arena (although commonly used in stocks and futures). The importance of the VWAP level as it moves throughout...

Volume, Holiday Volume, and Volume Warnings…

Volume in the broad market is a very important measure of market interest. On days when you don’t have enough volume, a lot of stocks will have a difficult time behaving technically, and we need them to behave technically to trade them properly. Therefore,...

Market Preview for 12/16/10

The SP suffered more leakage. Price declined by 5 handles, but never really developed any downside momentum. The 10ema was neither breached nor tested. That is the next level to watch. The SEEKER exhaustion signal is still active. Naz was lower by 12 and...

Stock Calls Recap for 12/15/10

Forex Calls Recap for 12/15/10

Everything was in the GBPUSD, so we’ll just post that review here. Finally, a carry over trade that kept going. The GBPUSD trade from yesterday is still going, currently almost 300 pips in the money. In addition, a new winner on the GBPUSD for 200...

Market Preview for 12/15/10

The SP posted a measuring day even after the FOMC announcement that failed to impact the futures. Tuesday was an outside day but the nominal price change negates the impact of a directional move. Price exceeded the prior high by one tick but never threatened...

Stock Calls Recap for 12/14/10

Forex Calls Recap for 12/14/10

A better-than-expected night of activity ahead of the Fed announcement. Two triggers, one worked (and still working); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`,...

Market Preview for 12/14/10

The 13 exhaustion signal is still active. Monday the SP testes this key level and failed. Since the SP futures settled higher on the day but below the open the chart now has a range high camouflage sell signal. This was a clear distribution day and...

COT 12-10-10

Hi Traders, It’s “Brrr cold” here, in Tampa Bay: a balmy 44-degrees… and it’s not even 7:00 pm. Yes, it may be time for a move south. And, that’s about all I can say about that. Okay, let’s stop messing around and...

Stock Calls Recap for 12/13/10

Forex Calls Recap for 12/13/10

You just never know when a trade is going to trigger. I had a long call in the GBPUSD and a short call in the EURUSD going into the session. They both went in the opposite directions overnight, so it looked like there would be no triggers. Then the GBPUSD...

What Lies Ahead for December…

As we head into the end of the year and the Holiday season, I wanted to give an overview of what the last three weeks of the year will look like from a trading perspective. One of our main focuses as traders is to apply ourselves the hardest when there is...

Stock Calls Recap for 12/09/10

Market Preview for 12/09/10

Good news, bad news. The SP posted a measuring day to consolidate the extreme move on Monday without immediately following through on the downside which is good news. The futures closed up 5.50 on the day, using the April highs as support. The April...

Stock Calls Recap for 12/08/10

Forex Calls Recap for 12/08/10

Two winners, although one triggered early. See GBPUSD below. New calls tonight and Chat. Triggered short at A (early for half size); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`,...

Market Preview for 12/08/10

The SP posted a very nasty distribution candle. While this leaves a very ugly bar on the chart, it was neither an outside day down nor even a down close. Wednesday and more importantly, Thursday’s Initial claims number and subsequent price action will...

Stock Calls Recap 12/07/10

Stock Calls Recap 12/06/10

Forex Calls Recap 12/06/10

We started the week with some winners. See EURUSD and GBPUSD below. New calls and Chat tonight. Several rate announcements this week, so check your economic calendar. EURUSD: We pointed out the Value Area trade and it worked perfectly from A to B for almost...

COT: 12-03-10

Hi Traders, Well, I don’t know what it’s like in the rest of the civilized world, but it sure is cold here in Tampa Bay. Believe it or not, I actually wore socks on both Friday AND Saturday night. And, today, while I’m not wearing ‘em,...

Stock Calls Recap 12/3/10

Stock Calls Recap 12/2/10

USDJPY Value Area Play Discussion

Last night, I pointed out the Value Area on the USDJPY. Let’s be clear on one of the Value Area concepts. If you open below or above the Value Area in a session, then if you break into the Value Area, you typically move across. On our charts, the Value...

Tradesight November 2010 Forex Results

Before we get to November’s numbers, here is a short reminder of the results from September. The full report can be found here. Tradesight Pip Results for October 2010 Number of trades: 38 Number of losers: 18 Winning percentage: 52.6% Worst losing streak:...

Forex Calls Recap for 12/01/10

Closed out the month with another winner. I will be writing up the November summary in the next day or two and post to the site’s Blog. Will note in the Messenger when that happens, but November was a great month any way you slice it. New calls and...

Tradesight Market Outlook for 12/1/10

Tuesday was a typical month end mess. Gap down, then recover and the ultimately lots of white noise and nothing much to show for it. The market is bending but not yet breaking. The daily candle was both a downside CPS and also a camouflage buy signal...

Tradesight Market Outlook for 11/30/10

First touch—Monday was the first interaction with the 50dma (red) since the first trading day in September. This will be an important area of interest for days to come. The 50 should provide support when it’s first tested and would be a strong confirmation...

Forex Recap for 11/29/10

EURUSD made a bigger move than the GBPUSD, but we still had a winner with nice use of the Levels and more. See GBPUSD below. Very technical use of the Levels in general. New Levels will be out after 5 pm EST. EURUSD with Levels, exceeded average daily range...

Stock Recap 11/23/10

Tradesight Market Outlook 11/24/10

The SP lost 20 handles on the day, mostly from the news driven gap. The previous fair value area of 1198 has left an island pattern and trapped the buyers from that level. Key support remains at 1170(50dma). Naz was lower by 35, closing right at the...

COT 11-19-10

Hi Traders, What an awesome weekend here in Tampa Bay. I mean, the weather couldn’t be any better! 80-degrees, sunny, low humidity… geez, it’s no wonder this place will be packed with out-of-state license plates next week and what normally...

Tradesight Market Outlook for 11/22/10

The SP recouped some very large midday losses to settle for the third day at almost the same level. 1198 has been the recent draw and will be a very important level when the range is resolved. If price moves higher this will be an important support area...

Forex Calls Recap for 11/22/10

The streak continues, and November is now officially a great trading month for us. Two new winners, very clean, to start the short week. See GBPUSD below in particular. Most pairs exceeded average daily range, which is good. Here’s EURUSD: USDJPY: GBPUSD: Triggered...

Stock Recap 11/19/10

A Lesson in Options Unraveling

Most traders are aware of the process known as “options expiration.” It occurs on the third Friday of the month. All puts and calls on stocks expire, and at the close, either you sell the contracts if they have value, or they expire worthless,...

Forex Calls Recap for 11/18/10

Back to decent ranges, and we had some great technical activity. I’ve reviewed several of the pairs below, including our call that worked in the GBPUSD. New calls tonight and Chat, but it could be a little light due to options expiration and Friday. EURUSD: Notice...

Market Index Preview for 11/18/10

The SP posted an inside “measuring” day. This is very typical action following an impulsive move such as the prior candle. Just like 2 days ago, the pattern has energy stored in the pattern and can move forcefully when the range is resolved. Naz...

Stock Picks Recaps 11/17/10

An amazingly dull day after Tuesday’s excitement, which leads me to believe that we did, in fact, see options unraveling on Tuesday. Hard to see how else the market goes from 2.2 billion NASDAQ shares to 1.7 billion in a day with CPI and options...

3 to 5 Bar Pullback

One of my favorite high-probability plays (in any market) is the 3 to 5 bar pullback in a strong trend. We spotted a great setup for our Tradesight subscribers last night. DECK has been in a strong uptrend (as evidenced by a daily ADX reading of over 27). ...

Stock Market Index Preview for 11/17/10

The SP resolved the inside pattern with a vicious down day. Price declined to the first fib. This is a logical resting point for traders to measure the impulse. Note that the CCI is solidly negative but not terminally oversold. The next area of support...

Stock Recap 11/16/10

Forex Recap 11/16/10

Every night, we call two primary trades. Last week, we were 5 for 6, although none of the trades really extended out to big winners as the market was narrowly-contained. We started Sunday night with a winner, but Monday night was much better. Unfortunately,...

Stock Recap 11/15/10

Stock Recap for 11/12/10

Market Support on Gap and Go Days Educational Blog

This is a report from the Tradesight Educational archives. While the slides are from a few months ago, the point is a lesson that all should learn: Market Support Even on Gap and Go Days For those that are new, let me quickly redefine a “gap and go”...

Tradesight Stock Recap for 11/11/10

The AUDUSD with Average Daily Range and the Seeker 9-bar Tool…

Even with the Veteran’s Day holiday, there were still opportunities for great setups leading to small winners in the Forex marketplace today. One such pair that saw a classic setup was the AUDUSD. At Tradesight, we like to look for combinations of key...

Tradesight Market Preview for 11/11/10

On a closing basis, the SP reclaimed 4 handles from yesterday’s tankage. Price is still boxed up in the recent range with Wednesday’s low not quite closing the open gap below. Naz posted a wide ranging day with little change. Post market, the CSCO...

Tradesight October 2010 Forex Results

Before we get to October, here’s a short reminder of the results from September. The full report can be found here. Tradesight Pip Results for September 2010 Number of trades: 38 Number of losers: 16 Winning percentage: 57.8% Worst losing streak: 5 in...

Stock Pick Recap for 11/10/10

Forex Calls Recap for 11/10/10

No complaints so far about this week. Two triggers this session, two clean winners. Be even better if one would keep going, but we’ll take it. See EURUSD and GBPUSD below. We will post Levels and calls tonight, but keep in mind that France, Canada,...

Globex Boundaries in Index Futures Play

Globex Boundaries in Index Futures Play … One of the first things I do when preparing for Index Futures trade ahead of the regular session open, is draw in the evening sessions upper and lower price limits (the Globex high and low). Then I look for where...

Stock Picks Recap 11/09/10

GDX Call from ETF Report

Today, we were looking for a reversal in Gold, potentially the start of a significant shift, after Gold gapped up. The 15-minute and hourly charts were showing signs of being overbought, and the 5-minute chart formed a double-top formation. The low of the...

Stock Market Index Preview for 11/09/10

The ES continues to consolidate the recent breakout. 1216.50, which is the prior high from April has been tested and has so far held. Note that there is still a large gap just below on the chart. Naz was higher by 2 handles. A measured move target has...

Stock Picks Recap 11/08/10

COT 11-05-10

Good Morning, It’s a chilly one here in Tampa Bay; I actually had to turn the heat on last night! Not a bad thing; in fact, I enjoy it… as long as socks don’t become a necessity. So far, so good! Onto the COT (click here). Man, watching USD...

Stock Picks Recap from 11/04/10

Stock Market Index Preview for 11/4/10

The SP moved to another new high adding 4 on the day. Price settled right at the risk level from the exhaustion signal. If that level gets taken out, then the April high of 1216.50 is in play. Naz was higher by 14 decisively closing at a new high. As...

Forex Picks Recap from 11/03/10

A loser and a bigger winner overnight, and then what ended up being a non-reaction to the Fed’s QE2 announcement. See GBPUSD below. New calls and Chat tonight. Two more trading days until US time change. But who’s counting. Our calls were in...

Stock Picks Recap 11/03/10

Tradesight Market Preview for 11/03/10

The SP made a new high and new high close on the move adding 10 handles. The 13 exhaustion signal is still active until price exceeds the risk level (magenta). Expect a gap tomorrow morning after the ADP number is released premarket. Naz advance 21...

Tradesight Stock Picks Recap for 11/02/10

Today’s GBPUSD Calls…Why You Need Plays in Both Directions

One of the main things we teach at Tradesight is that it isn’t our job to guess which way the market is going to go. It’s our job to find the best technical setups either way and be prepared to take advantage. Last night’s action was particularly...

Stock Market Index Overview for 11/2/2010

The ES was higher on the day by 3 handles. Since the day’s candle was positive but settled under the open, a camouflage sell signal was recorded. Note that the MACD has been at an extreme high level for some time and is beginning to leak. Naz made...

Tradesight Stock Picks Recap from 11/1/2010

Tradesight Stock Picks Review from 10/29/10

Tradesight Small Cap Picks Review for Fourth Week of October

We had three trades trigger off of the Small Cap report for the second half of the week. Two worked great. VLNC didn’t work: ANAD worked terrific, nice move for a $6 stock: TQNT worked great too, clean move: There are three calls for the new report...

Tradesight Stock Picks Review for 10/27/10

Tradesight Forex Pick Review for 10//27/10

Not too many triggers off of our calls today, but here is the review from the Tradesight Forex report of the GBPUSD short, which triggered twice: Triggered short at A, went 45 pips exactly to B and reversed. We tend to take our partial at the 45-50 pip area...

Tradesight Stock Picks Review from 10/26/10

Off the report, ROST triggered (with market support) and went enough for a partial but that was it: GPRE (with market support) did a little better and stayed in the money all day: AVGO (with market support) also worked fine: TIVO (with market support) didn’t...

Tradesight Stock Market Preview for 10/26/10

The SP gained 2 points on the day. Some possible technical damage was done because the day’s candle settled under the opening price. This is always a cause for concern at range high which is the current condition. The 13 exhaustion signal is still...

Tradesight Stock Trigger Recap for 10/25/10

It was one of those sessions where everything that triggered worked, even without market support. Off the report, our Top Pick ADSK (with market support) worked great: ATHR gapped over the trigger, no play. In the Messenger, RIMM (with market support) worked...

Tradesight Forex Calls Recap from 10/25/10

Now THAT’S what we like to see! Including the three Value Area plays that we pointed out in the Messenger yesterday, we had five winning trades to start the week just as we went back to full size. That’s good stuff. See GBPUSD, EURJPY, GBPCHF,...

Tradesight Stock Triggers Recap from 10/21/10

As usual, this section of the report reviews yesterday’s trades. We note whether each triggered with or without our market support guidelines, and we recommend that people focus on trades that trigger with market directional support as those have...

Tradesight Futures Calls Update

Our futures calls service continued to deliver this week with another 3 out of 3 winners Thursday morning, bringing the total for the week to 8 winners out of 10 triggers. I’d like to focus on one of today’s calls from an educational perspective,...

Tradesight Stock Market Preview for 10/21/2010

SP bounced back 11 handles on the session. The exhaustion signal is in place and the burden of proof is on the bulls. The MACD remains extended and is waiting to release some downside energy. Naz was up 16 and managed to fill the Monday-Tuesday gap....

Tradesight Stock Trigger Review for 10/20/2010

Here’s a list of all of our picks for the stock service from Wednesday, October 20. Each is denoted as triggering with or without market support. Tradesight recommends taking trades with market support. We were 7 for 7 today in those trades. Off of the...

Forex Trade Recap 10/20/2010

EURUSD: Perfect Value Area in the European session triggered at A and crossed to the Value Area High at B for 120 pips: GBPUSD: This one is unfortunate. There was a very early short trigger at A. Then after B but before C, we stopped out of the last half...

ES Setup and Recap from 10/20/2010

Mark had a terrific call today in the ES from our Futures Calls Service, which has been on a nice roll this week, winning 5 out of 7 triggers. The early market action today played with several of our key Levels, and Mark waited for the opening half hour range...

Tradesight Market Preview for 10/20/2010

BANG! The correction begins. The SP broke hard, losing 14 on the day. In so doing, the 13 exhaustion signal has qualified. Price settled under the 10ema and also recorded a price flip. The price flip is noted on the chart because today’s close was...

Tradesight Stock Calls Summary from 10/19/2010

We’re adding a new feature to this section of the report daily. 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...

Tradesight Forex Calls Summary for October 19, 2010

Nice night. See AUDUSD, EURJPY, and GBPUSD below for winners. Only thing that didn’t work was the NZDUSD Value Area. Still short GBPUSD with at least a 125 pip winner working. New calls tonight and Chat. Great week so far AND ranges have been average...

Market Outlook for October 19, 2010

The SP made a new high close on the move, adding 3 points to the intermediate rally. The 13 exhaustion remains active but has yet to qualify itself. To qualify the signal, price needs to either close below the 10ema or register a “price flip” by...