Will start breaking below support on consumer confidence and retail sales coming up today.

Nasdaq Futures NQ Trading Diary

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Nasdaq Futures NQ Trading Diary

Yesterday the FAANG+ did sell off. 14,500 is approaching.

Nasdaq Futures NQ Trading Diary

Perhaps we get to 16,000 as the banks flush out all the shorts on the scorching CPI report tomorrow. Then they will sell post FAANG earnings.

Nasdaq Futures NQ Trading Diary

Yes, watching the NQ100 index as a whole. The FAAMGT will report with good earnings and this will be the market top. The banks will sell like crazy after that. Will turn from buy the dip to sell the rip. image Under the yellow 14 week MA line.

Nasdaq Futures NQ Trading Diary

What a wild opening, I cut 4 potions but will let these 15,180 level buys run.

Nasdaq Futures NQ Trading Diary

Thanks for the info on the composite balance and price action. Unless there is a sudden plummet it appears we are nearing the lows of the day here at 15,400.

Nasdaq Futures NQ Trading Diary

Bought some contracts for the 15,630 level on the NASDAQ futures. 400 points is overdone for 1 session.

Nasdaq Futures NQ Trading Diary

Supposed to be a very strong report for December and so now of course rumors are starting the Fed will postpone rate hikes due to Omnicron effects on GDP, what nonsense.

Nasdaq Futures NQ Trading Diary

A temporary bounce is coming Friday.

Nasdaq Futures NQ Trading Diary

We are at the 100 Day and 14 Week Moving Averages. Just below 4500 there will be a bounce next week, most likely Wednesday. Oil will bounce with it, USD/CAD will come down and GBP/JPY will rise.

S&P500 trading

Big opportunities next week. Oil, stocks, FX. Tragic catalyst though.

EURUSD

Fundamentals have turned negative for GBP/USD because there is a loose correlation with risk-on sentiment and stock indexes. Australia going into lockdown near the same time with countries in Europe. When I saw oil plummet Friday it was like a ...

Cable Update (GBPUSD)

$72 next week. A combination of China reserves talk of opening the spigot and Biden opening the SPR. Talk of DOUBLING the taper on bond purchases in January and a national lockdown in Australia. This equities market is starting to unwind and oil is ...

Crude Oil

Going to correct upward for sure the remainder of the week.

EURUSD

There should be a bounce from this 1.33 area. THE DXY is at 95, a yearly high while GBP is at a yearly low and both the UK and U.S. CPI data is running hot. Neither has hiked but the BOE it seems is closer to doing so rather than the FED.

Cable Update (GBPUSD)

In a 7 TRILLION USD FX market who cares about retail traders. I think it is hedge funds in concert with market making banks that plan the screwing.

EURUSD

Some currencies have a positive correlation with equities. When stocks are bought it is a risk-on scenario. Traders move out of safe cash and into more risky stock positions due to the Fed, data, earnings or other factors. GBP is a risk correlated ...

Cable Update (GBPUSD)

USD will start breaking out against the Euro and Franc as the equities market is selling off now.

USD/CHF