Bulls and Bears for 07-25-2019Overnight session market rallied all night to sell off this AM. Still it is above .382 level of yesterdays RTH session, which would be Bullish.
Level to watch 3020 --- 3022
Sp1
TRADERSAI - A.I. Powered Model Trades for Today, THU 07/25Earnings, Earnings Everywhere...
With the Mueller testimony in the rear view mirror, markets to shift focus onto earnings announcements today (barring any major, unexpected developments elsewhere).
Many analysts and research firms are cautioning about the lofty valuations and the potentially dwindling earnings growth. While such headlines may appear tempting for the bears itching to initiate new shorts, remember that markets can stay wrong far longer than you can stay liquid with a position on the wrong side of the market.
It would be prudent to confirm the weakness on the bulls' part before taking on short side bets. As of now, our models do not see any such weakness, yet.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Mueller #Rates #Earnings
TRADERSAI - A.I. Powered Model Trades for WED 07/24 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: One long opened on Tuesday, 07/23, is being carried to the next session with the trailing stop anchored at 2909.90.
Aggressive, Intraday Models: Lead to +17.00 index points in gains on one long.
THE DETAILS:
For the trade-by-trade details with time stamps, please check out the article on our website (not allowed to post links here).
IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO):
(i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
(ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
(iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
TRADERSAI - A.I. Powered Model Trades for Today, WED 07/24Trump Trumps Mueller or Vice Versa? That is The Question Today!
Markets are likely going to be fixated on Mueller's testimony today and be stuck in a tight range until it is over. Which way the markets would break out would depend on the question of the day: Would Mueller Trump Trump or Trump Would Trump Mueller? We do not know the answer and no one does. We all have to wait and let the time reveal the answer.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
Bulls and Bears zone for 07-24-2019During overnight session, market sold off below 50% of yesterdays RTH. Market will probably test overnight high and if that does not hold, than we can see a sell off.
Level to watch 3008 --- 3006
Reports that could effect the market:
US:New Home Sales
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
TRADERSAI - A.I. Powered Model Trades for TUE 07/23 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: One long opened at 2990 and carried through the end of session and into the next session with its 9-point trailing stop anchored at 2996.90.
Aggressive, Intraday Models: Lead to +13.00 index points in gains on one long.
THE DETAILS:
For the trade-by-trade details with time stamps, please check out the article on our website (not allowed to post links here).
IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO):
(i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
(ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
(iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
Bulls and Bears zone for 07-23-2019Since yesterday, market has been rallying. Currently, it is trading above .618 range of Thursday's RTH. We might see a test of Thursdays high before traders decide on direction.
If we do see a sell off, level to watch is 2993 --- 2991.
Report that could effect market:
US:Existing Home Sales
10:00 AM ET
TRADERSAI - A.I. Powered Model Trades for Today, TUE 07/23Rates, Trump, Earnings: Earnings the Starting Theme for Today
Markets are getting a positive push from the earnings this morning. Our models indicate sustained bullish moves and/or bullish consolidation until/unless some strong and unexpected negative developments show up in the earnings arena or on the interest rates front (or, on the geopolitical sphere).
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
TRADERSAI - A.I. Powered Model Trades for MON 07/22 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: Open short carried from Friday got stopped out for a gain of 10.39 index points.
Aggressive, Intraday Models: Lead to +7.00 index points in gains on one short and one long.
THE DETAILS:
For the trade-by-trade details with time stamps, please check out the article on our website (not allowed to post the link here).
IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO):
(i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
(ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
(iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
TRADERSAI - A.I. Powered Model Trades for Today, MON 07/22Rates Trump Earnings or Rates, Trump, and Earnings?
As the earnings season is kicking into gear, the talk of impending economic slowdown and the calls for rate cuts (as deep as 50 basis points) are morphing from a background noise to a clamor.
History shows that the interest rates trump the earnings weakness or any other market fundamentals. And, that there are a lot of political factors that actually drive the interest rates decisions (instead of, and/or in addition to, economic factors). This time around also, whether rates trump earnings or not, the next few weeks are going to be all about Rates, Trump, and Earnings.
Regardless of your views or analyses, do not forget to account for those three factors in your trading strategies...especially if you are leaning towards betting on shorting the market. Despite Friday's pullback, it stopped right at key support levels and unless the 20DMA and a couple of other supports are broken down, the market is still NOT showing any bearish bias, even slightly. Read the full article on our website for our models' trading plans for the day.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
Bulls and Bears zone for 07-22-2019All night market has been rallying slowly. Since on Friday the low of Thursday was tested, it is very likely we will see a test of the high from Friday where market sold off. In addition, 3000 is a psychological level which needs to be defended by both bulls and Bears. If Bulls can not defend 3000, we might see a sell off.
Level to watch 2977 --- 2975
TRADERSAI - A.I. Powered Model Trades for FRI 07/19 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: One short opened at 2996 and is being carried into the next session. 9-point trailing stop anchored at 2985.61.
Aggressive, Intraday Models: Lead to +29.40 index points in gains on four shorts and three longs.
THE DETAILS:
For the trade-by-trade details with time stamps, please check out the article on our website.
IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO):
(i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
(ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
(iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
S&P Failed Breakout of Trading RangeIn a previous post I talked about this being a risky time to buy for a long term investment in the S&P, Emini, SPY, or MES. Despite what the media may want you to believe - this market is no longer in a strong bull trend. If it was, prices would break out strongly above previous highs. But what is happening instead? Prices go mostly sideways to down, signalling bull profit taking.
This is because the strong bulls bought lower; they know what is happening. They do not want to buy high because the risk is too large and the probability is too low. This is also where strong bears start looking to sell and will scale in higher if they need to. They understand the probability is in their favor. What happens when both strong bulls and strong bears sell? Well, there is only one direction for the market to go..
The bulls who bought the all time high (last weeks close) are currently trapped. The bulls who bought the breakout on July 12th are also trapped on the daily chart. This is very similar to the Jan 22, and Sep 17 bull closes. Look and see what happened next. Sharp selloffs as the bulls exit in a panic. It took months for prices to get back to a level where they could get out at break even, and they had to sit through a long enduring pullback in order to avoid a loss. Furthermore they risked money to essentially break even, which is extremely dangerous. This is what is known as the "thank you god price." Where those bulls are thankful just to get out without a significant loss.
If this week closes as a bear bar, it will be a bear setup for a wedge reversal and failed bull breakout of a trading range. If it fails, and there is another new all time high, the bears will likely try for a second entry in the coming weeks. In either case, the bulls only have a 40% chance of a strong bull rally and measured move up based on the trading range. The bears have a 60% chance of two legs sideways to down and a test of the middle of the current trading range, or the bottom of the trading range around 2400.
If you found this helpful please like! Feel free to comment or ask questions.
See more at my website on how to learn to identify probabilities, create an edge, and develop your traders mentality.
Bulls and Bears zone for 07-18-2019Yesterday Bulls could not defend 3000 level, therefore the market sold off. However, market has been rallying during overnight session. Bulls need to take out 50% range of yesterdays RTH session to continue, otherwise we will see another sell off today.
Level to watch 2979---2977
Report to watch today:
US:EIA Natural Gas Report
10:30 AM ET
TRADERSAI - A.I. Powered Model Trades for WED 07/19 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: One short opened at 2998, and is being carried to the next session.
Aggressive, Intraday Models: Lead to +5.00 index points in gains on one short.
THE DETAILS:
For the trade-by-trade details with time stamps, please check out on our site (not allowed to post the link here)
Bulls and Bears zone for 07-17-2019Even though yesterday was a down day but that is bullish. Because, yesterday market sold off to close small gap from last Thursday and bounced. As long as market holds 3000 it should be bullish for the day.
I suppose market will test overnight low before any direction.
Level to watch 3007----3009
Couple of reports that could impact the market:
US:EIA Petroleum Status Report
10:30 AM ET
US:Beige Book
2:00 PM ET
TRADERSAI - A.I. Powered Model Trades for Today, WED 07/17Complacency or Consolidation?
Markets to continue to be driven by - or, appear to be - earnings related headlines but the market action's underpinnings point to technicals rather than fundamentals...for now.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
TRADERSAI - A.I. Powered Model Trades for TUE 07/16 - OUTCOMESResults of our models' trading plans, published Friday morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: Open long stopped out for a loss of 7.98 index points.
Aggressive, Intraday Models: Lead to -3.88 index points in losses on a total of seven trades (four long and three shorts).
THE DETAILS:
For the trade-by-trade details with time stamps, please check the article on our website.
IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO):
(i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
(ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
(iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
Bulls and Bears zone for 07-16-2109Last four days market has been rallying and volume has been decreasing. In addition, yesterdays daily bar looks like a spindle.
Overnight session, market has been in a trading range. If market cannot take out yesterdays RTH 50% range, we might see a sell off.
Levels to watch 3017----3015
Few reports that could impact the market:
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
US:Jerome Powell Speaks
1:00 PM ET
TRADERSAI - A.I. Powered Model Trades for Today, TUE 07/16In this Market, Earnings (Still) Matter (?)
Markets to continue to be driven by - or, appear to be - earnings related headlines. This is even more so in the absence of any major economic (barring the Retail Sales Advance release this morning, and Powell's speech in Paris later in the day) releases that upset the complacency on the street.
As we wrote on Friday's outlook, let not your sense of "can this keep going up?" color your trading strategies - instead, focus on what "is" the dominant direction of the markets and and be on that side until something else evidently manifests itself.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
TRADERSAI - A.I. Powered Model Trades for MON 07/15 - OUTCOMESResults of our models' trading plans, published Friday morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: One long opened and carried to the next session (entry at 3014, with a 9-point trailing stop currently anchored at 3005.50).
Aggressive, Intraday Models: With a choppy and excessive trading around the identified pivot point of 3012 (right at the center of the identified levels of 3010 and 3014), lead to a gain of 4.00 index points on a total of 32 trades - 16 short and 16 long; indicative of a strong range formation between 3010 and 3014.
THE DETAILS:
For the trade-by-trade details with time stamps, please check out the article on our site (not allowed to post the link here)
IMPORTANT NOTES (NOT your typical fine print, but IMPORTANT and MEANT to DRAW YOUR ATTENTION TO):
(i) The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
(ii) The trades indicated are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
(iii) These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of the article on our website for additional notes and disclaimers.
TRADERSAI - A.I. Powered Model Trades for Today, MON 07/15Earnings Headlines to Drive the Markets
In the absence of major, unexpected geopolitical headlines (China's slowing growth has been expected, old news), markets seem to be set to focus on the earnings headlines for today. And, those headlines look to be on the side of the bulls as of this morning.
As we wrote on Friday's outlook, let not your sense of "can this keep going up?" color your trading strategies - instead, focus on the trend and the momentum, and be on their side until something else evidently drives the markets.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
