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U.S. equities pulled back half a percent today and the U.S. dollar recovered about half of Friday’s sell-off. The drop in the dollar last week was somewhat counter to the fundamentals or expectation of a Fed rate hike as soon as March 15th. We are watching for the dollar to ...

Market Profile Value Areas and POC figures for /ESH7 and /NQH7 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and ...

Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from either the equity or the forex side here.Note: ...

Peter Reznicek is the founder of ShadowTrader.net and writer of Peter’s Premarket Perspective, a morning market profile blog to help people plan their trading day and organize their thoughts before the market opens. He can be reached at asktheshadow@shadowtrader.net. View all author posts → Source link

Just like the broad market, Infinera Corp. (INFN) is hanging over an open gap. Please observe the chart below. INFN recently undercut the low of the open gap that followed the company’s earnings announcement in early February. Yesterday the stock closed just under the recent four day consolidation lows. INFN ...

(SPDR S&P500 ETF – SPDR Dow Jones Indus ETF) Our broad market pair “SPY-DIA”, closed up $0.27 at $28.76. Now we are back in the middle of our channel, and still looking both long and short with this pair. The /ES Futures seem to be selling off at 2391.50, and ...

The current earnings season is winding down. Below is a weekly chart of the S&P 500 Index (SPX) plotting its price as of yesterday’s close versus its price value based on price to earnings ratios (P/E) of 20, 15, and 10. Based on the chart above, SPX (black line) is ...

Market Profile Value Areas and POC figures for /ESH7 and /NQH7 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and ...

CLF is could be back in play again as a long trade opportunity in the short term. Please observe the chart below. The prior breakout level (single horizontal line) and the ascending trendline are in line to provide technical support if CLF continues lower to close the prior open gap ...

Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from either the equity or the forex side here.Note: ...