Actionable ideas for the busy trader delivered daily right up front
- Tuesday uncertain....
- ES pivot 2099.33. Holding above is bullish.
- Rest of week bias uncertain technically.
- Monthly outlook: bias higher.
- Single stock trader: VZ - no analysis.
Looks like my conditional call trick worked again. ED broke away from its pivot around 4:35 AM and never looked back, and so the market closed higher. Tonight though, the Night Owl has come down with a cold and a sore throat. One of my main rules is never to commit TWI (Trading While Ill) so we're just going to update the stats, call it a night and get some rest We'll see how things look tomorrow.
ES daily pivot: Tonight the ES daily pivot rises from 2052.83 to 2067.58. We remain above the new pivot so this indicator remains bullish.
January 8 6 4 1 0.563 627
February 6 4 5 3 0.692 183 March 3 4 1 3 0.600 471
And the winner is...
Taking a break. With the Fed announcement Wednesday, I'd probably call the next two days uncertain anyway.
Single Stock Trader
On hold tonight.