Posted by admin - May 23, 2012 - Market Commentary
Market Commentary for May 22, 2012 Yesterday we opened just outside of the previous day’s value area and range. We opened with an Open Rejection Reverse opening type and pushed lower into the previous day’s range. We moved down to the previous day’s VAH and the 1314.50 HVA and saw a very strong bounce. This [...]
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Posted by admin - May 22, 2012 - Market Commentary
Market Commentary for May 21, 2012 Yesterday, we opened with an OAIR and we saw price rotate into large swings until the bounce right before the 1293 LVA. That was the trade of the day as price continued higher for the remainder of the day for over 20 points. If you couldn’t get long at [...]
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Posted by admin - May 18, 2012 - Market Commentary
Market Commentary for May 17, 2012 Yesterday was an incredibly strong trend down day. The range of the day extended past the 17 point range that we had seen for the past 3 out of 4 days. We had price open at 1323 and saw an Open Rejection Reverse opening type. Just before the open, [...]
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Posted by admin - May 17, 2012 - Market Commentary
Market Commentary for May 16, 2012 Yesterday, we opened in the previous day’s value and range at 1334 with an Open Test Drive opening type. This is the second day where we had buying pressure near the open only to finish with a head and shoulders formation and then subsequently close near the lows of [...]
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Posted by admin - May 16, 2012 - Market Commentary
Market Commentary for May 15, 2012 Yesterday, during the overnight session, we had a very session where buyers pushed price higher to 1344 before sellers came in and pushed price down to 1330.50 right before the open. It looked like it was long liquidation until we saw the surge of volume right before 9:00 AM [...]
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Posted by admin - May 15, 2012 - Market Commentary
Market Commentary for May 14, 2012 Yesterday we opened up with an OAOR opening after we gapped down almost 13 points lower from Friday’s close. Whenever we have a big gap, chances are that we’re going to auction about at the open because the cash session participants need to assimilate the new information in the [...]
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Posted by admin - March 2, 2012 - Market Commentary
Market Commentary for March 1, 2012 We area still in this manipulated move up. If you look at the “auction” on this move up, it has been very sloppy. The market participants have not been respecting the HVAs/LVAs and it has made for very difficult trading. Even though it doesn’t make sense, there was a [...]
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Posted by Benjamin Lee - March 1, 2012 - Market Commentary
Market Commentary for February 29, 2012 I apologize for not posting a commentary and plan the past few days. I installed a new hard drive and it took me a few days to finally get everything back to normal. What a day!!! We finally saw some other timeframe participants to the downside enter into the [...]
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Posted by admin - February 24, 2012 - Market Commentary
Market Commentary for February 23, 2012 Yesterday was by far the worst trading day I’ve had in over a year. I haven’t had three consecutive losing trades in a single day for quite some time. These types of days are anomalies but they are bound to happen. As your trading progresses, you will see less [...]
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Posted by admin - February 23, 2012 - Market Commentary
Market Commentary for February 22, 2012 Yesterday, we opened with an OAIR opening type and we saw some really whippy price action for the first 30 minutes of the cash session. We saw 2 point 1 minute bars that were wiped out by the next subsequent bars. The auction was definitely not in and was [...]
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