Actionable ideas for the busy trader delivered daily right up front
- Friday - no call.
- ES pivot 2064.75. Holding below is bearish.
- Next week bias uncertain technically.
- Monthly outlook: bias lower.
- YM futures trader: no trade.
Unable to figure much of anything out from the charts last night I called Thursday as uncertain. Turns out Mr. Market didn't have any better idea either as the Dow ended up all of nine points while the SPX fell a whopping 0.35 points. That's about as uncertain as it gets. Now on Thursday the Night Owl was hit by a perfect storm of sequential appointments and errands with the net result that I had zero time to even check on the markets much less do any trading. That has cascaded into the evening and left me completely out of time. Therefore I'm just going to have to take a pass on Friday's market. Didn't have time to study it, so no call. Hey, there's only one of me and sometimes stuff happens.
Market index futures: Tonight, all three futures are lower at 12:08 AM EDT with ES down 0.33%.
ES daily pivot: Tonight the ES daily pivot falls from 2064.75 to 2060.00. ES.remains below its new pivot so this indicator continues bearish.
Month right wrong no call conditional batting Dow
January 9 5 5 0 0.643 1433
February 9 3 5 3 0.800 1133
March 8 6 6 1 0.600 222
April 6 4 8 2 0.667 416
May 4 2 2 1 0.714 433
And the winner is...
Who knows? Sometimes you just need to take a break and this was one of those days. Though a cursory glance at the charts does seem to suggest we're going lower again. So that's all she didn't even write. See you again Sunday night!
YM Futures Trader
No trade tonight..