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No major catalyst on Monday as we await Powell speaking on Tuesday. So, that leaves markets free to fly and fill in…
Take 40 minutes to review this overview of markets and gain some free education as we prepare for the coming week and…
Two major catalysts, complete, one more to go. We’ve had FOMC and big tech earnings. Now we just have nonfarm payroll‘s the…
Risk on appetite for equites post FOMC. This helped the equities get to the weekly targets higher. Now, we will look for…
We’ve arrived at the 2nd (CPI was the first) big catalyst of 2023, FOMC. Happy FOMC day! May the rates be ever…
Monday was a day to backfill and clean up references in the Equities and it was a day for Crude to push…
Equities ran into the rare air on Friday as traders piled into Tesla calls. The behavior was once again very much like…
Take 30 minutes to review this overview of markets and gain some free education as we prepare for the coming week and…
After the gap and rally on Wednesday, Thursday was the gap and “crap” returning to the prior range to attract buyers that…
It was a gap and rally day in the indexes and a fight around EIA release and the prior week's VPOC in…
I mentioned how these markets are like August 2019....it was actually 2020. Here's the chart... And then came September....can you say..."inventory correction?"…
Welcome to August 2019. This is when we first started to see the massive ramps of activity due to compounded moves in…
Friday's OPEX was a call buying extravaganza, but unlikely to sustain given the amount of volume expiring on Friday. This does entrench…
Take 35 minutes to review this overview of markets and gain some free education as we prepare for the coming week and…
Thursday gave us more information on this next phase of the equity auction and it was a reaffirmation of sellers. Neutral activity…
After the “non-trend” days of NQ and RTY on Tuesday, “Vixperation” combined with the overnight BOJ release provided the juice to wake…
Tuesday was a struggle coming back from the long weekend. Both the NASDAQ and the Russell failed to extend the initial balance…
After the long weekend and the complacent curve, on the lookout for a bit of early inventory correction on Tuesday. No big…
Take 35 minutes to review this overview of markets and gain some free education as we prepare for the coming week and…
Happy Friday the 13th! Post CPI and the big takeaway for me is the complacency in the VIX curve. We may still…
Equities jammed higher into CPI tomorrow. ES closed right on the 2022 VPOC. The VIX curve is mixed...so, not a whole lot…
Equities had a chance to fail back into the multi-session ranges, but Powell was able to kick save that. Doesn't improve the…
Gap and fail in the equities as the “slope of hope” got in the way and wiser participants knew it was better…
We got the reaction off NFP that we expected, but we were left with continued range bound trade. Still waiting for the…
Take 35 minutes to review this overview of markets and gain some free education as we prepare for the coming week and…
The first nonfarm payroll of 2023. May the jobless rate be ever in your favor. All week we’ve been looking for the…
ISM data and FOMC minutes and the result is that we are still in the same range and waiting for THE move.…
First day in 2023 and the holiday trade was put in its place. All the equities engulfed not only Friday’s trade, but…
Now is the time to put the work of the last several weeks to practice. It's a new year. The first couple…
Holiday week. Nice #3REV chances in equities after the trend lower on Monday. We migrated the 5D lower to price. With the…
Holiday week. 3rd trend day lower. We can continue to push lower so long as the put buyers stay at bay. This…
Holiday week. We are past OPEX and the VIX curve remains remarkably complacent relative to the risk. If we get early rallies…
OPEX week marches on. We are mostly into March with good RVOL. FOMC on Wednesday and OPEX on Friday. Plan for FOMC…
With the bulk of volume in the March contract we are now set for CPI on Tuesday. Expect a violent and large…
Focused on the March contract in equities on Monday. Watch the volume. It will be split between the contracts and won't be…
Friday we begin contract roll from December to March. The roll should be complete by Tuesday. We will be quoting the December…
For the equities, it was a balancing day on Wednesday to pull value to price. Now that we are balanced…waiting for the…
Clean up on aisle Jerome! Equities retraced all the way back to the scene of Powell's comments last week...returning us to mid-term…
Much like last week…Equities pushed lower to begin the week. Trend days across the products sets the expectation for rotations in the…
NFP on Friday gave us the movement we expected. The initial reaction was lower....a condition of the lack of hedging in the…
Auction rested on Thursday as expected. We gound selling excess off the ISM number. Friday will be all about the NFP before…
It was the “cure for cancer trade” today on comments from Powell that gave a low relative volume market everything it needed…
Rotations in the direction of the trend was on the menu for Tuesday and the auction Chef did not disappoint. Now, for…
The calendar is clear on Tuesday after the Fed's Bullard came in at lunch and helped accelerate equities down to key defense…
We have month end on Wednesday and some good morning releases. Powell is now speaking on Wednesday. Whenever we come in from…
The week continues to play out as expected. Equities started their move from balance. Crude continued to explore range in an attempt…
RVOL was a bit better on Monday in equities, but still anemic. Any focus on short time frames is likely to leave…
OPEX on Friday and equities pinned around the highest open interest expiration strikes. Heading into a holiday week. The equities will open…
Equities pushed lower pre-market in sizeable gaps. However, the pull of the highest "gamma" strike did it's thing and both ES and…
Very tight ranging day with low relative volume and choppy boxy trade. Overall, you’d be mistaken for looking at the structure of…
After pushing higher on PPI the auction failed as it was in stretched territory and then accelerated to the downside toward the…
When an auction is extended like the equities were at the end of last week....they need to correct. You can correct by…
Last week felt like a month. Wide ranges in the equities and a binary release in CPI that negated the weekly targets…
In the weekly outlook, there were 3 themes: the midterms, CPI and leptokurtosis. On Tuesday we have the midterms. On Thursday, we…
With the elections still in play, but democrats performing much better than expected....the auction is taking it in stride and auctioning lower. …
A good day to follow structure in the auction as the RVOL was low as we suspected. This led to some strong…
After frustrating early balance and chop in the equities, we finally got some mojo to help move the market after lunch, offering…
Neutral whippy action post NFP on Friday sets up more fight for price in the week ahead. US Midterms on Tuesday. The…
Thursday was follow-through from FOMC. Friday will be the reaction to the jobs report. Like with any binary event, we can see…
He had 1 job to do. LOL! Powell again with the uber-hawkish tone sent the auction lower. Particpants rushing into short-dated options…
Rejection of higher prices in ES and NQ. A little more stable in RTY. I didn't even look at Crude. ES traded…
An inside day in the ES and the NASDAQ while the Russell made new RTH highs in the direction of the trend.…
Whatever concern there was heading into AAPL & AMZN earnings, by the close of Friday...they were gone and the VIX curve further…
It was the "inside" out trade on Thursday after GDP pre-market and until we got to earnings after the close. Very hard…
Balancing trade on Wednesday brought the 5D higher in ES and NQ. RTY continued the move higher & Crude broke higher from…
With Google & Microsoft earnings after the close...we expected early moves and then balancing. That's exactly what we got. We also achieved…
From January to May of 2022. We facilitated 150+ (167 is exact count) "Insight" sessions. These were free 30min sessions traders could…
Well, Aunt Janet did little to move markets. As a result, we had to wait until late in the session to see…
OPEX on Friday. Big ramps higher in ES and NQ as short dated puts were not rolled. The velocity corresponded with the…
We have lots of conversations with traders in our PATHWAY about how to "stalk" trades....forcing the auction to come to them. There…
REVIEW & TRADEPLAN: EQUITIES:: A balancing day for the equities particularly in ES and NQ as they awaited Tesla earnings after the…
REVIEW & TRADEPLAN: EQUITIES:: Tuesday opened on a tier 3 gap higher. This accomplished the expectation of weekly targets should we trade…
REVIEW & TRADEPLAN: EQUITIES:: Equities trended higher overnight and held the trend into the RTH session. While we printed an "inside" day...buyers…
REVIEW & TRADEPLAN: EQUITIES:: We got new RTH highs on Friday as expected following a double distribution trend day, but then sellers…
REVIEW & TRADEPLAN: EQUITIES:: Delayed getting this out due to software issues Large move post CPI as expected. Tier 3 gap lower…
REVIEW & TRADEPLAN: EQUITIES:: Non-trend days in ES and NQ and neutral center in RTY. All put in "inside" days and closed…
REVIEW & TRADEPLAN: EQUITIES:: Tuesday again we saw an auction that behaved as needed to facilitate trade. We needed to pull 5D…
REVIEW & TRADEPLAN: EQUITIES:: Follow-on sellers on Monday accomplished the expectations left on Friday...that we would see new RTH lows and rotations. …
REVIEW & TRADEPLAN: EQUITIES:: Sellers went home short into the hole as put buyers came in on the backend of the strong…
REVIEW & TRADEPLAN: EQUITIES:: Early attempts higher were prone for reversal and offered the opportunity to participate early as attempts at higher…
REVIEW & TRADEPLAN: EQUITIES:: 5D VPOC shifted higher as expected. Change in posture for Thursday. The auction accepting higher prices is fuel…
REVIEW & TRADEPLAN: EQUITIES:: Gap and stick. More blowout of expected ranges. We closed above the weekly expected range of all the…
REVIEW & TRADEPLAN: EQUITIES:: Short covering was on order. After new ETH lows and neutral behavior in Euro land.....we opened in range…
REVIEW & TRADEPLAN: EQUITIES:: Friday, Equities ended the week/month/quarter on the lows. Neutral extreme lower days in the ES and NQ. Neutral…
The following is a stream of posts made to our development team in SLACK related to this scenario plan for S&P futures…
REVIEW & TRADEPLAN: EQUITIES:: Thursday is a great reason why we have a "preIB bias" as part of our plan. All things…
REVIEW & TRADEPLAN: EQUITIES:: "Tests" below the balancing ranges in globex brought a failure that set us up to open inside the…
REVIEW & TRADEPLAN: EQUITIES:: JPow came and went and we continued the "explore" the ranges as we pull near-term value lower. With…
REVIEW & TRADEPLAN: EQUITIES:: Opening inside of Friday's range meant that the auctions stayed range bound to help pull near term value…
REVIEW & TRADEPLAN: EQUITIES:: A record number of puts were traded on Friday (bought and sold) and we closed the week right…
REVIEW & TRADEPLAN: EQUITIES:: Lower prices in the direction of Wednesday’s trend as expected. Responsive rallies early in Euro session were sold…
REVIEW & TRADEPLAN: EQUITIES:: Neutral activity again on FOMC and Powell's comments. We explored both sides of the equity balance ranges and…
>>This is a sample of the TRADEPLAN & QUICKSHEET which we prepare daily for those who are in our development PATHWAY REVIEW &…
REVIEW & TRADEPLAN: EQUITIES:: Neutral activity as the auction is uncertain heading into Wednesday's FOMC. The auction was successful at migrating value…
REVIEW & TRADEPLAN: EQUITIES:: Equities gapped lower into the end of the week and OPEX, though we did have neutral behavior. Sellers…
REVIEW & TRADEPLAN: EQUITIES:: As mentioned on the Q&A yesterday...we were more primed for another directional move today from the key inventory…
REVIEW & TRADEPLAN: EQUITIES:: Rotation south of 50% of the prior RTH range as expected with neutral activity as the auction digested…
REVIEW & TRADEPLAN: EQUITIES:: As noted in my comments I posted in Slack on Monday evening...we were underhedged heading into CPI and…
REVIEW & TRADEPLAN: EQUITIES:: A rotational day as expected, but on the heels of another gap that held...not expected. This is a…
REVIEW & TRADEPLAN: EQUITIES:: Gap and stick led to the inevitable drift higher into the close of the week. Note we closed…
REVIEW & TRADEPLAN: EQUITIES:: Last day of the first week of fall trading....let thy roll commence. We are into contract roll from…
REVIEW & TRADEPLAN: EQUITIES:: Wednesday was one of those sessions where the auction just needed to have a chance to go higher... …
REVIEW & TRADEPLAN: EQUITIES:: Auctions got new RTH lows as expected...though it remained a rare stat day with no Initial Balance extension. …
REVIEW & TRADEPLAN: EQUITIES:: Friday ended "Summer Trading" in markets with an unexpected NFP later session reversal that reverted equities back to…
REVIEW & TRADEPLAN: EQUITIES:: Thursday was a new month and we started with gaps lower. We mentioned that we were on the…
REVIEW & TRADEPLAN: EQUITIES:: Monthly lows printed on the last day of the month. The creates considerable monthly selling excess and now…
REVIEW & TRADEPLAN: EQUITIES:: We were looking for the "inside/out" day to help migrate 5D value lower. We did migrate 5D lower,…
REVIEW & TRADEPLAN: EQUITIES:: Gaps lower to start the week. Early selling allowed us to be short in NQ and ES for…
REVIEW & TRADEPLAN: EQUITIES:: Big wash out after Powell's Jackson Hole comments. Note how the auction swiftly returned to the 5D and…
REVIEW & TRADEPLAN: EQUITIES:: Low RVOL on Thursday led to wide swings and "impulsive" trade. The equities honored their pre-market postures and…
REVIEW & TRADEPLAN: EQUITIES:: Lots of fight and lots of big references around to aid the confusion. Particularly....ES is right at the…
REVIEW & TRADEPLAN: EQUITIES:: Balancing day as expected in the ES, Russell, and NASDAQ. NASDAQ did offer the third-period reversal that extended…
REVIEW & TRADEPLAN: EQUITIES:: Gaps to start on Monday and equities held the gaps, they made beelines for weekly expected lows and…
REVIEW & TRADEPLAN: EQUITIES:: Friday's OPEX did not disappoint. The massive expiration of gamma opened the auction to move and we moved…
REVIEW & TRADEPLAN: EQUITIES:: Thursday we were looking for “inside/out” moves in the equities away from the balanced and neutral references of…
REVIEW & TRADEPLAN: EQUITIES:: FOMC minutes on Wednesday and the auction played as expected. Early session volatility and movement, followed by balance…
REVIEW & TRADEPLAN: EQUITIES:: Tuesday was a follow on from Monday with a liquidation break (we expected) that offered chances to be…
REVIEW & TRADEPLAN: EQUITIES:: Monday gave us the expected new RTH highs, but it failed to give us much rotation as the…
REVIEW & TRADEPLAN: EQUITIES:: Low volume and impulsive drift higher to end the week. There were early chances to clean up structure,…
REVIEW & TRADEPLAN: EQUITIES:: Thursday the equities held the CPI ranges (NQ tested from above). The SPY achieved the YTD VWAP, and…
REVIEW & TRADEPLAN: EQUITIES:: Big move as expected in equities off the CPI print. CPI is the new FOMC. Aug CPI ranges…
>>This is a sample of the TRADEPLAN & QUICKSHEET which we prepare daily for those who are in our development PATHWAY REVIEW…
REVIEW & TRADEPLAN: EQUITIES:: Early weakness in the Equities while traders started to hedge up for CPI, but not enough to do…
REVIEW & TRADEPLAN: EQUITIES:: Correction to my previous post....CPI is on Wednesdsay, not Tuesday. So, this leaves time on Tuesday for traders…
REVIEW & TRADEPLAN: EQUITIES:: Good volatility as expected on Friday following the nonfarm payrolls report before the open. The ES and the…
REVIEW & TRADEPLAN: EQUITIES:: Tech heavy Nasdaq is leading the pack as we made the expected new RTH highs in NQ, but…
REVIEW & TRADEPLAN: EQUITIES:: A "move" from multi-day balance in the equities. Further widening of the VIX curve says there are many…
REVIEW & TRADEPLAN: EQUITIES:: A solid balancing day in our developing multi-day ranges in the equities. We made a new high in…
REVIEW & TRADEPLAN: EQUITIES:: New weekly highs as expected to start the week and month following the strong showing of last week. …
REVIEW & TRADEPLAN: EQUITIES:: Binary week and end of month is behind us. You have to wonder what fuel is left for…
REVIEW & TRADEPLAN: EQUITIES:: Binary week coming to a close. We knew this one would be tough! Carry that forward if you've…
REVIEW & TRADEPLAN: EQUITIES:: Binary week continues. FOMC came and the $VIX curve reverted, leading to higher prices and new weekly ranges.…
REVIEW & TRADEPLAN: EQUITIES:: Moves from balance lower in ES and NQ...and a very tight balance day in RTY. Big moves after…
REVIEW & TRADEPLAN: EQUITIES:: Very tepid balancing trade to begin the week. Divergences throughout the equities as the Russell extended initial balance…
REVIEW & TRADEPLAN: EQUITIES:: Back from vacation and ready for a big week with Big Tech earnings, FOMC, & Month-End. Expect big…
REVIEW & TRADEPLAN: EQUITIES:: Unable to accept in the prior ranges, buyers came in during the Euro IB after the initial jobless…
REVIEW & TRADEPLAN: EQUITIES:: FOMC minutes came and the auction was unable to accept lower. So, we come into Thursday with buyers…
REVIEW & TRADEPLAN: EQUITIES:: The word of caution for Tuesday was merited. New Quarterly inflows meant we saw very impulsive trend days…
REVIEW & TRADEPLAN: EQUITIES:: We always stress caution on Fridays, but the Friday before the July 4th weekend was definitely one to…
REVIEW & TRADEPLAN: EQUITIES:: A balancing day in equities in front of the end of the month and quarter. Only the 2nd…
REVIEW & TRADEPLAN: EQUITIES:: Tuesday, we were looking for “inside/out” and “outside/in” trade from the 5D developing nodes. We did not expect…
REVIEW & TRADEPLAN: EQUITIES:: Monday was a "rest" day, accepting the ramp from Friday and building value to support higher prices. Tuesday…
REVIEW & TRADEPLAN: EQUITIES:: A break from 3-day balance higher as expected with further acceptance above 3768 (for example) in the ES. …
REVIEW & TRADEPLAN: EQUITIES:: Range-bound trade around the developing 5D value. Noting quick flushes to shake longs, but overall, still able to…
REVIEW & TRADEPLAN: EQUITIES:: Powell didn't rattle the auction much on Wednesday. The overnight trade tested key levels from last week and…
REVIEW & TRADEPLAN: EQUITIES:: Gap and stick on Tuesday following the VIX reversion on Friday. Balancing days once the gap was established.…
REVIEW & TRADEPLAN: EQUITIES:: OPEX is past and we ended the week with a $VIX curve in reversion. This, combined with the…
REVIEW & TRADEPLAN: EQUITIES:: Complete reversal in the equities post FOMC and new weekly lows as expected. We have OPEX into Powell…
REVIEW & TRADEPLAN: EQUITIES:: FOMC day came and went. We saw neutral activity in all of our core products, but especially in…
REVIEW & TRADEPLAN: EQUITIES:: Pre-FOMC balancing day as expected. Wednesday is FOMC. Trade will likely balance into the release at 2PM EST. …
REVIEW & TRADEPLAN: EQUITIES:: Another gap and stick lower day to start the week in equities in follow-through from the Bearish CPI…
REVIEW & TRADEPLAN: EQUITIES:: Selling into the hole on Friday puts us looking for counter activity and balancing on Monday, but new…
REVIEW & TRADEPLAN: NOTE: with contract roll....there will be no individual plans for today. Back with full plans on Monday! Have a…
REVIEW & TRADEPLAN: EQUITIES:: Wednesday was the day after a strong trend higher in the equities, but take note of how the…
REVIEW & TRADEPLAN: EQUITIES:: A range-bound trend in the NASDAQ and the S&P, while the Russell broke out of range and closed…
I was on vacation Friday thru Monday. So, when coming back from an extended time away...I always treat the returning session as…
REVIEW & TRADEPLAN: EQUITIES:: Bracket rules held well on Wednesday in the equities as the ES, RTY, and NQ traded lower to…
REVIEW & TRADEPLAN: EQUITIES:: As expected Tuesday after the holiday weekend was a balancing day and we saw prior value tests in…
REVIEW & TRADEPLAN: EQUITIES:: Strong trending higher in all products on Friday as we headed into the holiday weekend. We are now…
REVIEW & TRADEPLAN: EQUITIES:: Big move from balance higher in equities. Solid trend days set expectations for higher prices on Friday to…
REVIEW & TRADEPLAN: EQUITIES:: Despite the mid-session volatility from FOMC minutes....Equities accepted higher. We changed posture and we are expecting higher prices…
REVIEW & TRADEPLAN: EQUITIES:: Equities attempted lower on Tuesday and ultimately came back to value. Using our review questions...what direction is the…
REVIEW & TRADEPLAN: EQUITIES:: We saw higher prices on Monday in the equities as expected given the VIX curve reversion, composite inventory…
REVIEW & TRADEPLAN: EQUITIES:: Sellers were active early on OPEX day pushing us into what looked like a trend day lower into…
REVIEW & TRADEPLAN: EQUITIES:: Balancing day in Equities after making new weekly lows. ES & NQ tested last week's lows & migrated…
REVIEW & TRADEPLAN: EQUITIES:: Big rejection of post Powell neutral extreme days brought in significant sellers once we traded back into the…
REVIEW & TRADEPLAN: EQUITIES:: Successful closes above last week's CPI ranges after comments from Powell. The $VIX curve is ready to fully…
REVIEW & TRADEPLAN: Equities continue to play in the CPI ranges from last week as we balance in front of Powell on…
REVIEW & TRADEPLAN: Equities hit significant long-term references last week (see the weekly outlook) and bounced as expected. We're now into "rest"…
REVIEW & TRADEPLAN: Neutral days in equities after completing tags of key long term composite references. Expecting rotations and "rest" on Friday…
REVIEW & TRADEPLAN: CPI led to a very large response as expected and the ultimate result is the equities broke from their…
REVIEW & TRADEPLAN: >> Recording to the PATHWAY planning session posted in SLACK Balancing in Equities on Wednesday as expected in front…
REVIEW & TRADEPLAN: Big Crude sell-off. NQ tested the 2021 lows. ES hit 4K and RTY hit the break from balance target…
REVIEW & TRADEPLAN: Follow through lower after the FOMC reversal gave all the equities a poor weekly low heading into the weekend. …
REVIEW & TRADEPLAN: A least expected day....well almost. We knew the prices that would cause a shift if reached, but they were…
REVIEW & TRADEPLAN: FOMC now past. As we suspected, Powell meeting the expectations and nothing more, led to a massive "Vanna" rally…
REVIEW & TRADEPLAN: Very whippy and nervous trade on Tuesday in front of FOMC. ES is balanced and ready to move from…
REVIEW & TRADEPLAN: Start of the month and we got behavior consistent with opening on the lows of the prior month. New…
REVIEW & TRADEPLAN: Short into the hole is the story of last week. Equities balanced in lower weekly ranges all week before…
REVIEW & TRADEPLAN: > PATHWAY LIVE session recording is posted in #pdp_weeklies We finally finished with 3 days of mega-cap earnings and…
REVIEW & TRADEPLAN: > PATHWAY Q&A session recording is posted in #pdp_weeklies Day 2 of 3 big mega-cap earnings days. Just AAPL…
REVIEW & TRADEPLAN: > PATHWAY planning session recording is posted in #pdp_weeklies The first day of mega-cap earnings brought new yearly lows…
REVIEW & TRADEPLAN: A "look below and fail" for Equities that all made new weekly lows and then quickly pushed back into…
REVIEW & TRADEPLAN: Big flush lower in Equities into the weekend. Expect lower prices on Monday and no trade above 50% retrace…
REVIEW & TRADEPLAN: > Recording from the PATHWAY LIVE session is posted in SLACK Textbook examples of "look above & fail" in…
REVIEW & TRADEPLAN: > Recording from the PATHWAY Q&A session is posted in SLACK A challenging rotational day in Equities on Wednesday…
REVIEW & TRADEPLAN: >> Recording from the PATHWAY planning session is posted in SLACK You'd be forgiven for thinking that today meant…
REVIEW & TRADEPLAN: Lower prices in equities as expected following the weak closes on Thursday. Neutral activity shows the fight and lack…
REVIEW & TRADEPLAN: Long weekend and weak lows in the equities set the expectation for lower prices into the new week. High…
REVIEW & TRADEPLAN: > PATHWAY Q&A session recording is published in SLACK ES, RTY, & NQ countered prior double distribution trend days…
REVIEW & TRADEPLAN: >> PATHWAY Planning session recording is published in SLACK CPI was the big catalyst on Tuesday and it didn't…
REVIEW & TRADEPLAN: Lower prices in the equities cleaned up the weak closes last week. ES tested and failed at YTD VWAP. …
REVIEW & TRADEPLAN: Weak close to the week in Equities. ES & RTY put in an inside day. NQ put in a…
REVIEW & TRADEPLAN: >> Recordings from the THURSDAY PATHWAY LIVE session will be posted in #pdp_weeklies in SLACK. If Equity buyers were…
REVIEW & TRADEPLAN: >> Recordings from the PATHWAY Q&A session will be posted in #pdp_weeklies in SLACK. A "change" day in the…
>>This is a sample of the TRADEPLAN & QUICKSHEET which we prepare daily for those who are in our development PATHWAY or…
REVIEW & TRADEPLAN: >> Recordings from the PATHWAY sessions will be posted in #pdp_weeklies in SLACK. Tuesday, equity sellers showed their hands…
REVIEW & TRADEPLAN: Responsive buyers on Monday driven mostly by tech took us back to help the NQ test the prior week's…
REVIEW & TRADEPLAN: More weakness on Friday after the nasty quarter/month end on Thursday. The ES, RTY, & NQ are all near…
REVIEW & TRADEPLAN: Ugly close to the month and quarter. All things being equal, we should have seen new highs, but the…
REVIEW & TRADEPLAN: Swing and a miss for RTY. This is "test" behavior. When an auction breaks above a key bracket and…
REVIEW & TRADEPLAN: The divergence of price/value in ES and NQ on Monday was discounted by the auction on Tuesday and we…
REVIEW & TRADEPLAN: More neutral activity helped ES, NQ, and RTY tag all of the key references of our plans. Neutral activity…
REVIEW & TRADEPLAN: Lots of neutral activity on Friday shows there is a fight for control in the equity market. Ultimately the…
REVIEW & TRADEPLAN: >> Thursday PATHWAY Session recording is posted in SLACK After balancing chop early, buyers came in the session to…
REVIEW & TRADEPLAN: >> Wednesday PATHWAY Session recording is posted in SLACK For the second day, it was Tesla and then it…
REVIEW & TRADEPLAN: >> Tuesday Session recording for PATHWAY members will be posted in SLACK It was all Tesla on Tuesday. I…
REVIEW & TRADEPLAN: Monday was a day of rest for the equities as we digested the massive moves from last week. Rotational…
REVIEW & TRADEPLAN: Solid strong chase higher into the weekly close on Friday in the equities while Crude balanced. After 4 days…
REVIEW & TRADEPLAN: Follow thru higher in Equity markets despite Crude moving significantly higher as well. We appear to have lost the…
REVIEW & TRADEPLAN: No outlook for Wednesday as it was FOMC day and a day we try to take away from markets. …
REVIEW & TRADEPLAN: Follow thru lower in Equities on Monday while Crude also traded lower. This is a bit of divergence as…
REVIEW & TRADEPLAN: Selling the rips in the equities as Crude balanced to close out the week. We begin the most significant…
REVIEW & TRADEPLAN: >> PATHWAY recap & review video posted in SLACK for PATHWAY participants CPI number came and went. It was…
REVIEW & TRADEPLAN: >> PATHWAY Q&A video posted in SLACK for PATHWAY participants Headline risk continues to dominate and implied extremes seen…
REVIEW & TRADEPLAN: >> Tuesday PM planning video posted in SLACK for PATHWAY participants Headline risk continues to dominate as we work…
REVIEW & TRADEPLAN: >> Review video covering the 4 tradeplan products is posted in #pathway_2022 in SLACK Lower prices in equities after…
REVIEW & TRADEPLAN: The jobs number beat on Friday, which fuels the Fed's plans to continue with the 25bps rate hike at…
REVIEW & TRADEPLAN: Powell spoke before Congress and while he reiterated that the Fed would raise rates 25bps at the next FOMC,…
REVIEW & TRADEPLAN: Powell spoke before Congress and while he reiterated that the Fed would raise rates 25bps at the next FOMC,…
REVIEW & TRADEPLAN: It may sound like a broken record, but headline risk remains a key driver. We experienced this during the…
REVIEW & TRADEPLAN: Headline risk remains a key driver. We saw this in the massive gap lower of equities and gap higher…
REVIEW & TRADEPLAN: Friday was follow-on from the massive reversal on Thursday. Equities continued higher. Crude lower. When there is geo-political conflict…
>>This is a sample of the TRADEPLAN & QUICKSHEET which we prepare daily for those who are in our development PATHWAY REVIEW…
REVIEW & TRADEPLAN: What a difference more market information makes. After the massive gap lower overnight, buyers stepped in equities first to…
REVIEW & TRADEPLAN: Invasion and fighting in Ukraine commence. This on top of already dicey conditions with regard to 2022 monetary policy…
REVIEW & TRADEPLAN: The invasion has begun in Ukraine. The VIX curve keeps flirting with inversion/reversion. Tuesday was our Monday and volatility…
REVIEW & TRADEPLAN: OPEX on Friday ended in weakness for the equities and balance for Crude. Headline risk remains in play. The…
REVIEW & TRADEPLAN: Strong selling across our core products as Crude gapped lower and ES and NQ traded back through the FOMC…
REVIEW & TRADEPLAN: After an initial impulsive open in equities, the algos held us hostage until FOMC minutes, that led the auction…
REVIEW & TRADEPLAN: A gap higher that began in Europe led to a gap and fight day in ES and NQ. They…
REVIEW & TRADEPLAN: In the weekly outlook we talked about how now that key earnings are passed, we are susceptible to "headline"…
>>This is a sample of the TRADEPLAN & QUICKSHEET which we prepare daily for those who are in our development PATHWAY or…
REVIEW & TRADEPLAN: A puke into the close in equities, while Crude raced to new yearly highs. The "Fiscal" market is alive…
REVIEW & TRADEPLAN: CPI & Fed's Bullard did not disappoint to bring the volatility we expected for this session. The equity picture…
REVIEW & TRADEPLAN: Buyers kept their hand in play on Wednesday with a gap and stick. They took most of the range…
REVIEW & TRADEPLAN: We were looking for a "directional" day in the equities after the chop of Monday. Sellers gave up their…
REVIEW & TRADEPLAN: Big chop game in the equities. ES & NQ put in an "inside" day. RTY was slightly better and…
REVIEW & TRADEPLAN: NFP came and we are no clearer than we were when we entered. Expecting early chop unless something happens…
REVIEW & TRADEPLAN: We got the lower prices in the session expected in equities after the counter activity shut off on Wednesday. …
REVIEW & TRADEPLAN: Indexes achieved key areas of resistance and we saw counter activity come in to shut off the upward auctions…
REVIEW & TRADEPLAN: ES and NQ closed above the YTD VWAP. RTY made a push to the top of a multi-session bracket. …
REVIEW & TRADEPLAN: Trend days higher across the equities. Expecting rotations in the direction of the trend for Tuesday. ES and NQ…
REVIEW & TRADEPLAN: Spike higher into the close was a kick save for the end of the week in the equity indexes. …
REVIEW & TRADEPLAN: The fallow-up trade from FOMC kept us south of the FOMC release prices. Attempts to return to the scene…
>>This is a sample of the TRADEPLAN & QUICKSHEET which we prepare daily for those who are in our development PATHWAY or…
REVIEW & TRADEPLAN: Has Uncle Jerome lost his magic touch? Or, has the market finally come to grips with the physics of…
REVIEW & TRADEPLAN: Balancing day in front of Microsoft earnings and FOMC on Wednesday. Good "structure" clean-up opportunities presented in the Equities…
REVIEW & TRADEPLAN: Neutral behavior in the indexes effectively shuts off the downward move and takes us into a balancing range. This…
REVIEW & TRADEPLAN: Fresh weekly and monthly lows in ES, NQ, & RTY to close the week. Value is much higher, so…
REVIEW & TRADEPLAN: Bit of a puke fest Thursday afternoon after we put in a sharp short-covering rally early. Afternoon programs came…
REVIEW & TRADEPLAN: Equities pulled near-term value (5D) lower and then spiked lower into the close. It's not the market of 2020-21…
REVIEW & TRADEPLAN: Sellers resumed control on Tuesday after the long weekend and they brought enough concern that put buyers are finally…
REVIEW & TRADEPLAN: Fridays before a long weekend are always a challenge. All 3 indexes closed in the lower distribution of their…
Each weekday morning we post "mark-ups" of S&P futures on our twitter and instagram feeds. The platform we show is called WindoTrader. …
REVIEW & TRADEPLAN: It was a day that was "make or break" for both the bulls and the bears and it was…
REVIEW & TRADEPLAN: Both bears and bulls have something to cheer about after the CPI number on Wednesday. We are no more…
REVIEW & TRADEPLAN: First taste of Powell for the year goosed us up into the region we sold off of from NFP…
REVIEW & TRADEPLAN: New week lows to start the week brought an afternoon rally that sets up a decision post Powell on…
REVIEW & TRADEPLAN: Lower off the NFP number as the number was consistent with pre-pandemic jobs reports. Lots of Fed speak to…
REVIEW & TRADEPLAN: Balancing day in the Equities after new lows as they attempt to pull near term value lower. Crude made…
>>This is a free sample edition of the TRADEPLAN & QUICKSHEET which we prepare daily for those who are in our development…
REVIEW & TRADEPLAN: A large break from balance in ES, NQ, & RTY. All products are either tagging or within short range…
REVIEW & TRADEPLAN: An Engulfing day in the NQ, good selling excess in the ES, and strong selling excess in the RTY…
REVIEW & TRADEPLAN: The first trading session of the year is over. RVOL was bad. Price was driven in the NQ and…
REVIEW & TRADEPLAN: The Holiday week was completed with light volume and lower prices across the ES, NQ, & RTY. Crude also…
Some time ago, I had the opportunity to catch up with Dave Toth, Market Insights Senior Analyst with RJO'Brien (Dave has served as a…
REVIEW & TRADEPLAN: >> No tradeplan per product until the new year. We'll focus on the contextual structure until after January…
REVIEW & TRADEPLAN: ES back to last week's VPOC at 4630 and above 4610 MVWAP. Supportive above these prices. NQ near…
File this under: "You know if you can see the opportunity, everyone else can too" Have you ever seen an auction get ahead…
REVIEW & TRADEPLAN: Early lower prices were bought in the equities and should lead to higher to overlapping higher prices on…
REVIEW & TRADEPLAN: OPEX left ES and NQ vulnerable for more downside in the new Holiday week. Watch 4610 in the…
REVIEW & TRADEPLAN: FOMC buyers became post FOMC sellers on Thursday. ES got new ATHs overnight and found sellers on news…
REVIEW & TRADEPLAN: FOMC day and Powell gave a timeline for taper and rate rises. Translation, the party continues until at least…
REVIEW & TRADEPLAN: We got the lower prices as expected in the equities and Crude. Now, we wait for FOMC and Uncle…
REVIEW & TRADEPLAN: We got the lower prices as expected in the equities and Crude. Now, we wait for FOMC and Uncle…
REVIEW & TRADEPLAN: Look above and fail in NQ and ES back through last week's VPOCs and the CPI releases. This sets…
REVIEW & TRADEPLAN: Friday was all about the roll from December to March. This coming Friday is the actual expiration. RVOL should…
REVIEW & TRADEPLAN: After early range bound trade, equities broke the range and pushed to new ranges into the close. Friday we…
REVIEW & TRADEPLAN: Rotational day as expected in equities to digest the big Vanna ramp on Tuesday. Complacency is back on the…
REVIEW & TRADEPLAN: Rotational day as expected in equities to digest the big Vanna ramp on Tuesday. Complacency is back on the…
ES: 4685 is the 5&20D VPOCs as we head into Wednesday. We closed above the expected weekly high. A gap and stick on…
ES: Monday showed what can happen if the auction goes home bearish on a Friday and no one adds to their put…
Thursday saw lower prices in the NQ while RTY and ES put in "inside" days to backfill the inventory holes left on…
Massive liquidation in the equities to start the month. ES and RTY made new monthly lows. The NQ is the lone holdout. …
If you are going to be active in US equity markets (particularly with the SPX complex), knowledge of what is displayed above…
NQ, ES, and RTY all ended the month on their monthly lows and with expanding volatility. Sellers have taken hold of the…
Month-end is upon us and only 1 more month in an incredible 2021. The weekend news seemed to calm fears for a…
It was a look above and fail in the ES and NQ on Monday with the RTY pushing back into the 2100-2350…
RTY tested the 2350 bracket and found buyers. 2350 remains the key defense for ultimate targets of 2500 in 2022. NQ made…
RTY made new weekly lows and appears to be in play to retest the 2350 area of the long-term bracket breakout. Watch…
Good tests of the key composite levels in ES and NQ offered #DOGW (directional go with) chances and eyes on new weekly…
Gap opens closed and gaps were rejected to start the week. ES, NQ, and RTY all pushed below the weekly pivot prices…
We begin OPEX week with some key levels in ES, NQ, and RTY to track: ES: 4674 NQ: 16190 RTY: 2408 In…
A very rare "inside" day in the ES and NQ on Thursday where we did not achieve the overnight stat (97% chance…
NQ tested the scene of FOMC on Wednesday and ES got within range. We closed below monthly VWAP. Watching for responsive longs…
ES and NQ broke from the "inside" position on Monday for liquidation lower...largely led by speculation that Musk would sell 10% of…
A rare "inside" day in the ES and NQ as we started the week. Above or below Monday's range should provide direction. …
Some profit-taking into the weekend in the equities. Note last week’s 5D VPOCs, 4617 ES and 15955 NQ. Those are weekly pivot…
Another day higher in ES and NQ, while RTY balanced. Still, all 3 indexes are at or above their weekly expected ranges. …
The FOMC has come and gone. The announcement of tapering was in line with expectations and we saw healthy rallies post FOMC…
Big day for equities on Wednesday with FOMC on tap and everyone listening for news of the pending taper of Fed bond…
Gap higher in NQ and ES found early sellers that were able to test key references from Friday before finding buyers. At…
Mega-cap earnings have come and gone and the Fangs helped us take ATHs that even meant ES and NQ engulfed September prices. …
We've reached the end of the mega-cap earnings. We are also at ATHs in the ES and NQ with the month-end upon…
We reach the end of the mega cap earnings this week with AAPL and AMZN reporting after the close. NQ and ES…
After MSFT and GOOG reporting, we get a lull in the action on Wednesday in preparation for AAPL and AMZN on Thursday. …
Nice test of the key weekly pivots (last week's VPOC) before pushing higher into the Facebook earnings. RTY strong again looking like…
Much of the equity complex is balanced with near term (5D) value heading into the big week of mega earnings. ES is…
The ES and NQ continue to press higher with the RTY while treasuries move lower. Note from the Quicksheet that equities and…
Yet another low-volume ramp in ES and NQ. ES will come into Wednesday in extreme posture. NQ is within reach of the…
Another low volume ramp in ES and NQ. RTY got early lower prices (as expected) and then rallied a bit. Very poor…
Low volume ramp into the weekend on the back of OPEX and into earnings for US equities. Watch for failure if we…
Thursday saw low RVOL "vanna" infused rallies in the equities that gapped and stuck making for large range days and new weekly…
ES, NQ, and RTY all closed above rebalanced 5/20D composites. So long as we open above these references, we will be favoring…
ES and NQ retained the bearish tint we came into the session with. We still have 5D VPOCs above 20D VPOCs. In…
Early rips were sold and now we have ES in ping pong land and NQ bearish below the key 14830-880 area. RTY…
Earnings kick off this week and the major indexes are in balance. Watching for continued pressure on the treasuries. Continue to pull…
NFP before the open. In general, a bad number is good for equities. A good number is bad. Figure that one out.…
China remains on Holiday. We have Initial Jobless Claims before the open. The short-covering early in the week has become a real…
China remains on Holiday. Ripping short covering day in ES and NQ stalled on the way back to composite HVNs. RTY remains…
China remains on Holiday. With NQ close the weekly expected low already, we are watching for sellers to get trapped. Lean Hogs,…
China is on Holiday this week. So, expecting most of the moves to happen either during the Euro session or US session. …
Month-end and quarter-end. We could see some wide swings in the ES as JPMorgan repositions their quarterly collar. ES and NQ…
Seeing some counter activity in Natty Gas taking it into the "rest" phase. Crude had an engulfing bearish day to shut off…
Long RTY and Short NQ was the trade on Monday as the ES traded around 4450 as expected. RTY closed the week…
Equities ended the week back at the prior week balance in front of lots of Fed jawboning this week. Expecting lots of…
ES back to MVWAP and NQ is close. RTY closed above the YTD VPOC and looking to continue higher. Big surprise may…
FOMC day has come and gone. ES and NQ have 4385 and 15136 respectively as the scenes of the FOMC release to…
It's FOMC day! May the rates be ever in your favor! We Will not initiate any new trades today, but taking note…
Big further liquidation lower in US equities. Bearish posture around. The question now will what happens next with FOMC on Wednesday. Most…
Asia on Holiday to start the week. ES in auction extreme.....caution chasing lower!! The Gold / Platinum (or Palladium) pair remains in…
Friday is OPEX and "Quad-Witching" in equities. It's a good day to either not trade, or focus on non-equity products. Natural Gas…
We got the reversals higher in ES and NQ to change posture and set us up for continuation higher into OPEX. Different…
ES met the target prior composite level at 4428 and has migrated 5D value lower. NQ has migrated value as well. Looking…
US equities continued where they left off on Friday with NQ achieving the key downside objective for the week. For Tuesday, we'll…
Lots of people in the industry want to tell you to keep trying to figure out how to trade. This is a…
One of our Skill Enhancement Sessions. Traders often say we could help them by giving insight into entry and stop management. It's…
One of our Skill Enhancement Sessions. To gain consistency in your trading, one of the most useful tools any developing trader can…
Part of our regular Q&A series. In this Q&A session, we took a look at a number of products from stocks, futures,…
Part of our regular Q&A series. In this Q&A session, we took a look at a number of products from stocks, futures,…
Part of our regular Q&A series. In this Q&A session, we took a look at a number of products from stocks, futures,…
Part of our regular Q&A series. In this Q&A session, we took a look at a number of products from stocks, futures,…
Whether you trade intraday or look for multi-session opportunities, looking at the much wider timeframe is a good start for any approach…
Part of our regular Q&A series. In this Q&A session, we began with a look at the impact of tariffs. We reviewed…
Part of our regular Q&A series. In this Q&A session, we began with a look at the impact of news releases like…
Part of our regular Q&A series. In this Q&A session, we began with a look at how we incorporate news events into…
Part of our regular Q&A series. In this Q&A session, we began with a look at 4 questions to ask and answer…
Part of our regular Q&A series. In this Q&A session, we began with a look at some opportunities after Non-farm payrolls. Then…
Part of our regular Q&A series. In this Q&A session, we began with a look at some opportunities in NQ, ES and…
Part of our regular Q&A series. In this Q&A session, we began with a look at some opportunities in NQ, ZS and…
Part of our regular Q&A series. In this Q&A session, we began with a look at some opportunities in NQ, ES and…
Part of our regular Q&A series. In this Q&A session, we began with a discussion on our plan for the session and…
Part of our regular Q&A series. In this Q&A session, we began with a discussion on a “fade” trade we took in…
One of the anchor playbook set-ups we encourage developing traders to look for is called an IB EXT FADE (initial balance extension…
Part of our regular Q&A series. In this Q&A session, we began with a discussion with an important level for the day's…
Part of our regular Q&A series. In this Q&A session, we began with a discussion with an important level for the day's…
Part of our regular Q&A series. In this Q&A session, we began with a discussion with an overview of both Market Profile…
Part of our weekly Q&A series. The Federal Reserve, aka "the Fed", or the United States Central Bank is an entity whose…
Part of our weekly Q&A series. We began with a discussion about why the range of the opening range still matters, how…
Part of our weekly Q&A series. We began with a discussion reviewing trade on days like FOMC, how we use price action…
Profiling is the core of our trading approach and analysis because it captures how all market participants (institutions, hedge funds, retails, etc)…
Part of our weekly Q&A series. Part of our weekly Q&A series. We began with a discussion regarding the "2nd Move" trade…
Part of our weekly Q&A series. We began the discussion with a look at some opening gaps in Crude and Nasdaq futures. …
Part of our weekly Q&A series. We began the discussion with a look at some opening "fade" or "responsive" trades in Crude…
Part of our weekly Q&A series. We began the discussion with a look at our morning routine, how to build option trades…
Part of our weekly Q&A series. Breakout trades! Breakout trades occur when we take a trade in the direction of range extension. …
Take a look at this pre-market chart of Nasdaq futures: NQ (Nasdaq futures) are gapping (A gap is where we open completely…
Part of our weekly Q&A series. Triggers. Triggers are short time frame price action arrangement patterns we use to help us minimize…
Part of our weekly Q&A series. Patience. Patience in trading is an edge. The challenge is in knowing what you are being…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to determine the…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to set a…
Part of our weekly Q&A series. We began the discussion with a look at how to use the initial balance to help…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to pick better…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to confirm or…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to prepare for…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to see "value"…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to discern auction…
Part of our weekly Q&A series. We began the discussion with a look at how to find better times of the trading…
Part of our weekly Q&A series. We began the discussion with a look at how we use "OPEN types" to determine the…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile along with short…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to quickly identify…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to determine a…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to help figure…
Part of our weekly Q&A series. We began the discussion with a look at how to use orderflow along with the profile to…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to discern unexpected…
Part of our weekly Q&A series. We began the discussion with a look at how to decide if you should go with…
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to anticipate a…
Binary events occur when a news or econ release is expected during the trading session. It creates one of 2 responses, higher…
Profilers are taught to observe certain structural reference points in the profile graphic and expected certain behaviors when the auction comes toward…
Whether you've been away from markets for a bit and coming back, or if you want to be able to get away…
You may have heard of traders being "squeezed" in an auction. What does it mean? How can you see it, or better…
A mark of trading competence is being able to discern expected and unexpected auction behavior. For the novice, the example auction provided…
A gap is a move measured from the RTH (real-time hours) range of one session to another. This is a mark of…
An auction in "balance" is an auction at rest. The next move is preparing to come and it will initiate from this…
Not all times during the session offer the same opportunity. During different periods of the trading session we look for different types…
Not all prices or activity in the auction are the same. So, to keep from being lulled into every bit of the…
Looking for a quick trade on the open? This is a great set-up to look for on the open in a trading…
Markets go through cycles of volatility which can be damaging to the account of a new trader. In this seminar, we describe…
When making trading decisions, we remove some of the randomness of markets by identifying "open types" and "day types" to help give…
When making trading decisions, we remove some of the randomness of markets by identifying zones that we are interested in participating. Then,…
When making trading decisions, we always make them with respect to where we are in the "posture" of the market and that…
Maybe you've heard about Market Profiling before, but not sure if it's worth the hype. In this seminar, we guide you through…
You may have heard us say at some point that there is no such thing as a trading holy grail. What we mean…
The short answer? yes, and no.....see below: Eventually market prices do sync with fundamental data (company finances for stocks, economic data for…
Knowing where you are in the auction can help you stay present to potential bias shifts and opportunities to come. Don't be…
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