Monday, July 28, 2014

Morning Prep July 28, 2014

Markets Today

  • Index futures are trading higher this morning, indicating a stronger start to today's trading day.
  • Tensions in Israel and Gaza continue to rise.
Quote of The Day

"When your work speaks for itself, don't interrupt."

News Today

  • Pending Home Sales

E-Mini Russell
E-Mini Russell 60 Minute
  • I am currently watching the Russell trade above supply out of a demand zone below this morning. Price is also trading around the wedge lows. I am looking for a big push higher today, to the wedge highs and overall supply around 1158.9. I am going to wait and see how price responds at the open, before looking to get in long.



E-Mini Russell 6 Renko
  • Right now I am watching the Russell trade out of a small price wedge at the lows of a larger price wedge. I am looking to buy pullbacks all the way back up to the highs of the wedge, but I will be aware of a few overhead sell zone. I am overall bullish, but I will be waiting for a pullback before looking to get in long. 


Sunday, July 27, 2014

Weekly Forecast July 28 - August 1, 2014

Weekly Summary

  • Tensions in Israel and Gaza rise.
  • Disappointing earnings on U.S. equities last week.
  • Investors will be waiting for the FOMC Rate Decision on Tuesday.
  • Employment Situation is scheduled to be released on Friday.
Quote of The Week

"All men who have achieved great things have been great dreamers."

Our Schedule
  • Live Trade Room Monday - Thursday 9:00am - 12:00pm EST
News This Week

- Monday
  • Pending Home Sales
- Tuesday
  • Case-Shiller 20-City Index
  • Consumer Confidence
- Wednesday
  • MBA Mortgage Index
  • ADP Employment Change
  • GDP-Adv.
  • Chain Deflator-Adv.
  • Crude Inventories
  • FOMC Rate Decision
- Thursday
  • Challenger Job Cuts
  • Initial Claims
  • Employment Cost Index
  • Chicago PMI
  • Natural Gas Inventories
- Friday
  • Non-Farm Payrolls
  • Non-Farm Private Payrolls
  • Unemployment Rate
  • Hourly Earnings
  • Average Work Week
  • Personal Income
  • Personal Spending
  • PCE Prices - Core
  • Michigan Sentiment - Final
  • ISM Index
  • Construction Spending
  • Auto Sales
  • Truck Sales
E-Mini Russell
E-Mini Russell Daily
  • I am watching the Russell trade at demand right above its monthly S1 support level. I am going to be looking for buying opportunities this week if there is a close above the current demand zone price is trading in. I will then be looking for price to move back up to the highs and supply around 1194.8.

Thursday, July 24, 2014

Morning Prep July 24, 2014

Markets Today

  • Index futures are trading higher this morning, indicating a stronger start to today's trading day.
  • U.S. lifts flight ban in Israel, despite continuing tensions. 
Quote of The Day

"Defeat is not the worst of failures. Not to have tried is the true failure."

News Today
  • Initial Claims
  • Continuing Claims
  • New Home Sales
  • Natural Gas Inventories
E-Mini Russell
E-Mini Russell 6 Renko
  • This morning I am watching the Russell trade sideways inside of a price wedge. I am looking to buy the lows and sell the highs of the range until I see a breakout one way or the other. Overall, I will be buying pullbacks until the wedge tightens up, then, I will be sitting on hands until I see a breakout set-up.

Wednesday, July 23, 2014

Morning Prep July 23, 2014

Markets Today

  • Index futures are trading higher this morning, indicating a stronger start to today's trading session.
  • Tensions in Ukraine and Gaza continue.
Quote of The Day

"Effort only fully releases its reward after a person refuses to quit."

News Today
  • MBA Mortgage Index
  • Crude Inventories
E-Mini Russell
E-Mini Russell 6 Renko
  • Right now I am watching the Russell trade higher off of its moving averages. I am looking for price to continue higher, but I would like to buy pullbacks. I am looking for price to pullback into the cloud once more, or all the way to one of its buy zones below.




E-Mini Russell 24 Renko
  • Right now the Russell is trading in a large bearish price channel. Price is not, however, testing a sell zone. I am looking for a move higher into a sell zone before I look to sell.


Tuesday, July 22, 2014

Morning Prep July 22, 2014

Markets Today

  • Index futures are trading higher this morning, indicating a stronger start to today's trading day.
  • Tensions in Ukraine begin the fall.
Quote of The Day

"When unhappy, one doubts everything; when happy, one doubts nothing."

News Today
  • CPI
  • Core CPI
  • FHFA Housing Price Index
  • Existing Home Sales
E-Mini Russell
E-Mini Russell 6 Renko
  • Right now I am watching as the Russell breaks out of its price wedge. I am looking to buy a pullback out of the price wedge and take price higher. We do have a significant amount of supply overhead that I am going to be careful of. Overall, I am looking short until price pulls back into one of the buy zones, preferably, outside of the wedge. 

Monday, July 21, 2014

Morning Prep July 21, 2014

Markets Today

  • Index futures are trading lower this morning, indicating a weaker start to today's trading day. 
  • Tensions continue in Ukraine and Gaza, stocks are likely to respond.
  • Live Trade Room opens at 9:00am EST today!
Quote of The Day

"The best way out is always through."

News Today
  • No major economic news today.
E-Mini Russell
E-Mini Russell 6 Renko
  • This morning I am watching the Russell trade inside of a large sell zone on the 6 renko chart. I am looking to sell price back down into the bearish price channel below. I want to see price push below its moving average clouds before I look to get in short.




E-Mini Russell 60 Minute
  • The Russell is currently trading around the highs of its price channel. I am looking to sell down to demand at the 1126.0 area. Price has continued to hold the upper trend line so I will be sitting on hands until I see a breakout to the downside. 



Sunday, July 20, 2014

Live Trade Room Free Trial

     Many people have been asking me about a free trial to the live trade room. If you are interested in a free 2-Day trial to the live trade room, please email me at zacherydyke@gmail.com. I hope to see you all in the trade room.