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Picking on CMG Again (Short)

Picking on CMG Again (Short)

Probert

There are several important economic data points scheduled for release today, not to mention the FOMC Announcement at 2:00 pm EST. Please see today’s Heads Up section for details. Trade setups are currently slim pickings with the market in the heart of earning season. However, Chipotle Mexican Grill (CMG) finds itself back on our short…

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ShadowTrader FX Hour 7.26.16

stforex

In today’s FX Hour, we discussed the coiling going on in multiple markets ahead of the Federal Open Market Committee meeting. We reviewed all the major currency pairs and some of the crosses. We discussed the key support level seen in gold and silver an discussed other commodities as well as historic correlation and historic…

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Market Profile 7.26.16

market profile

Market Profile Value Areas and POC figures for /ESM6 and /NQM6 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost…

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Pairs Trading With More Communications (VZ – T)

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(Verizon Communications – AT&T, Inc) I am excited to see if we can catch an entry on the pair early in Tuesday’s RTH session. If the plan holds true, we will get a decent short entry about 0.50+ above the current 10 SMA of $13.02, putting our short approximately at $13.50 to $13.60. OK, Tuesday,…

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BIIB – Short At Resistance

Horse

After four consecutive higher weekly closes, Biogen (BIIB) finds itself at key resistance. Please observe the chart below. In spite of its recent run higher, BIIB remains in a downtrend. The blue lines on the chart illustrate medium term resistance BIIB ran into late last week and during yesterday’s session. An undercut of yesterday’s low…

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Holding Pattern for Equities and Bonds while Dollar Gains

holdingpattern

Investors lacked confidence while also not showing fear which appears to have created a holding pattern for equities and bonds. the dollar gained some today as oil and gold fell back to the next key support level. demand has failed to increase while supplies are reaching higher levels. we are in dollar long positions and…

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Market Profile 07.25.16

breakfast

Market Profile Value Areas and POC figures for /ESM6 and /NQM6 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost…

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Pairs Trading Corner & Keeping The Flame With (KEY – RF)

lighter-1363095_640

(KeyCorp, Inc – Regions Financial) The pair has been offering both long and short entries over the last couple of weeks. For those of you that follow me, you know that we closed out our long position on the pair early in the week, and quickly reversed for a short entry at spread value of…

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U.K. Purchasing Managers Index in Decline Putting Pressure on the Pound

London-Stock-Exchange-635537

In this week’s Pip Academy, we discuss PMI and Great Britain. Purchasing Managers Index or PMI is a report generated by surveying purchasing managers in manufacturing and the service industry. Because purchasing managers have their finger on the pulse of all the orders, inventories, backlogs, production levels, delivery times and more, it is considered an…

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