Futures Calls Recap for 8/24/20
The markets gapped up and the ES put in another flat day while the NASDAQ sold off as the TSLA situation unravels on 3.8 billion NASDAQ shares.
Net ticks: +7.5 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and worked:
NQ Opening Range Play triggered long at A and worked, but not valid under the rules since we were short the ES:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/24/20
A loser to start the week. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A and stopped:
Stock Picks Recap for 8/21/20
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 market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, nothing triggered.
From the Messenger/Tradesight_st Twitter Feed, Rich's VXX triggered short (ETF, so no market support needed) and worked:
In total, that's 1 trade triggering with market support, and it worked.
Futures Calls Recap for 8/21/20
The markets opened flat and did nothing most of the day, although there was a slight drift up after lunch. NASDAQ volume was 3.9 billion shares, which was light for options expiration.
Net ticks: +8 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and worked enough for a partial:
NQ Opening Range Play, both directions triggered but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/21/20
A loser and a better winner to close the week. See GBPUSD sections below.
Here's a look at 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 charts of all the pairs with the Seeker and Comber separately for the week ahead, and then glance at the US Dollar Index.
GBPUSD:
Triggered long at A and stopped. Triggered short at A, hit first target at B, closed second half at C for end of week:
Stock Picks Recap for 8/20/20
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 market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, ZM triggered long (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's MA triggered long (with market support) and worked:
In total, that's 2 trades triggering with market support, both of them worked nicely.
Futures Calls Recap for 8/20/20
The markets gapped down, came back up, TSLA carried the NASDAQ, and the ES closed slightly positive on 4.2 billion NASDAQ shares.
Net ticks: +10.5 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and worked:
NQ Opening Range Play triggered long at A but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/20/20
Two losers and a winner for the session. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A and stopped, triggered long at B and stopped, came back in the morning and took the long re-entry at C, hit first target at D, still holding second half with a stop under S1:
Stock Picks Recap for 8/19/20
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 market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, TRIL triggered long (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's BIIB triggered short (with market support) and worked a little:
In total, that's 2 trades triggering with market support, both of them worked.
Futures Calls Recap for 8/19/20
The markets opened flat, tried to go up, stuck in a narrow range (again) and then sold off sharply after the minutes of the last Fed meeting were released on 3.4 billion NASDAQ shares.
Net ticks: -23 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and stopped, triggered short at B and stopped eventually:
NQ Opening Range Play both triggers were too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
