It’s one of those times where I’ve said all I’ve got to say! So I’ll just bug out and leave you with one of my all-time favorite comedy shows from when I was a kid. Enjoy! (And rest in peace, Robin)
I try to post a full video once a week so I’m posting one today. If you’re just interested in the equity indices I cover those at the start of the video. Stan and I are doing two free webinars tonight, the first is on trade execution 30 minutes after the RTH close, and the second is on the big five stocks and sector ETFs an hour after the close. If you’d like to see either or both you can register for those on our February Free Webinars Page. Full Intraday Video from theartofchart.net – Update on ES, NQ and TF ….. and CL, NG, HG, GC, ZB, KC, SB, CC, ZW, DX, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD and NZDUSD:
No matter what index or ETF you are looking at, as long as it’s equity-related, they ALL look pretty much like this:
Well, yes, it sure would be nice to wake up every morning to a down market, but it just ain’t gonna happen. This market has years of fight left in it, so we’re going to zig and zag quite a bit. What I try to do is monitor when too much “zag” makes any meaningful “zig” unlikely. It hasn’t happened yet.
So let’s take a quick look at four charts before the opening bell.
First up is the ES, which is about 12 points higher as I’m typing this. That blue tint is really all the matters to me. The market gave me a bit of a scare yesterday after the Fed minutes, as it raced up toward that level, but it didn’t even make it as high as Friday’s peak and started a rapid descent. So, to be clear, as long as we stay under the blue horizontal, I’m OK.