Futures Calls Recap for 5/7/20
The markets gapped up, went higher eventually, then rolled over and closed at the lows without filling the gap (and without the ES even touching a level). NASDAQ volume was 3.7 billion shares.
Net ticks: -12 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 worked enough for a partial:
NQ Opening Range Play triggered long at A and short at B, but both were too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 5/7/20
Not a very exciting day. One trade that worked a little, and one that worked a little less. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, hit first target at B, second half stopped. Triggered short at C, part of your staggered orders should have hit at D, the rest stopped:
Stock Picks Recap for 5/6/20
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 SHOP triggered long (without market support) and worked:
His SAVE triggered short (with market support) and didn't go enough either way to trigger:
AVGO triggered short (with market support) and worked:
His NOW triggered long (without market support) and didn't work:
In total, that's 1 trade triggering with market support, and it worked.
Futures Calls Recap for 5/6/20
The markets gapped up, came back down, the NASDAQ stayed stronger and everything went flat for the rest of the day until selling off in the last 30 on 3.5 billion NASDAQ shares.
Net ticks: -11 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 under the midpoint, triggered short at B and worked a little, waste of time:
NQ Opening Range Play triggered long at A and short B but both were out of range:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 5/6/20
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, hit first target at B, stopped second half at C just barely before it went lower:
Stock Picks Recap for 5/5/20
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, ADBE triggered long (with market support) and worked:
EBAY triggered long (with market support) and worked:
In total, that's 2 trades triggering with market support, both of them worked.
Futures Calls Recap for 5/5/20
The markets gapped up and went higher, then sold off late and closed at the lows without filling the gaps on 3.8 billion NASDAQ shares.
Net ticks: +0 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 but too far out of range to take:
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 5/5/20
A winner that triggered pretty early for the session. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, hit first target at B, second half stopped. If you missed the first time but were around for the second, it triggered long at C, hit first target at D, second half stopped:
Stock Picks Recap for 5/4/20
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, NERV gapped over, no play.
From the Messenger/Tradesight_st Twitter Feed, Rich's AMZN triggered long (with market support) and didn't work:
His SHOP triggered long (with market support) and worked:
His DIS triggered long (with market support) and worked:
NVDA triggered long (with market support) and worked:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Futures Calls Recap for 5/4/20
The markets gapped down, tried to fill early, then went flat all day until the last hours where they rallied to fill the gap on 3.4 billion NASDAQ shares.
Net ticks: +0 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 long at B, but both too far out of range to take:
NQ Opening Range Play triggered short at A and long at B, but both too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
