Archive for April, 2010

Broadening Top in Market And It Is Time To Sell

Posted on April 27, 2010 by Chuck KowalskiNo Comments

I know I’m not the first to call a top in this market and this is not the first time I called a top in the stock market, but I am switching my focus to trading from the short side.  I only have to look at a chart of this market to see that everything Read More…

Filed Under: E-mini Stock Futures

Bear Are Gaining Some Control

Posted on April 21, 2010 by Chuck KowalskiNo Comments

The Nasdaq futures made a run at the highs on Wednesday are were rejected.  You can see from the chart that the Nasdaq Emini broke the previous highs by 1 tick and failed.  There were some resistance levels there that held and this is a major change from the strong market we have seen in Read More…

Filed Under: E-mini Stock Futures

Market Is Trying To Regain Lost Ground

Posted on April 20, 2010 by Chuck KowalskiNo Comments

The Emini S&P looked like it was opening on the highs and might trend lower for the remainder of the day.  The market was overbought coming into Tuesday from the afternoon rally on Monday.  The bulls quickly took control and it looked like business as usual when the market bounced off the 20 EMA and Read More…

Filed Under: E-mini Stock Futures

Will Reversal In Stocks Gain Traction

Posted on April 18, 2010 by Chuck KowalskiNo Comments

I was expecting a market reversal to come on Thursday and when that didn’t happen, I surely thought it would come on Friday.  The market opened lower of Friday and I thought this was it.  One of those tough trading situations came along when the market broke the previous days low.  This has been a Read More…

Filed Under: E-mini Stock Futures

A Crash Course In Successfully Trading The Current Nasdaq Emini Market

Posted on April 13, 2010 by Chuck KowalskiNo Comments

The Nasdaq has been the strongest of the U.S. equity markets and it has been a near straight ascent higher throughout the last year.  Normally you would expect a market to be very volatile at this stage, but the market has exhibited a slow grind higher on low volume and low volatility.  This market is Read More…

Filed Under: E-mini Stock Futures

Emini Makes It On Third Push

Posted on April 9, 2010 by Chuck KowalskiNo Comments

It was another slow grind higher today as the market had its sights on Dow 11,000.  The Emini S&P stalled at the R1 pivot for most of the day.  There were two attempts to break through before 1:00 and then it looked like the market might give up on the pursuit.  Well, maybe in a Read More…

Filed Under: E-mini Stock Futures

The Market Has Another Case Of The Mondays

Posted on April 5, 2010 by Chuck KowalskiNo Comments

The market opened just modestly higher today, but the normal Monday rally quickly gained momentum.  One only had to buy the first reversal bar to catch the rally and it reached its peak before 11:00.  From there, it was a sideways churn with little opportunity to trade. 
 
The trade on most Mondays in this market is Read More…

Filed Under: E-mini Stock Futures

Trading Pivots In This RangeBound Stock Market

Posted on April 1, 2010 by Chuck KowalskiNo Comments

The S&P has been stuck in a range for almost two weeks and it was surprising there were no big bets ahead of the monthly employment numbers on Friday.  We will have to wait until Monday to see how the markets react to the report, since the markets are closed on Friday. 
Range trading prevailed again Read More…

Filed Under: E-mini Stock Futures