It should be a decent day for YM, though I am not trading it for the time being. I did not see any convincing setup in NQ futures today. Though it gapped up in the morning, and market looked kinda bullish for the day, my conviction that NQ bulls were weak was rather strong, I […]

Premarket of NQ is rather flat. No major report released today. Daily chart of Nasdaq Composite, a lower high was formed last week. Mike did a recap at his site. I’ll be paying attention to that downward sloping trendline, especially if it stays unbroken and crosses the 50-day moving average. Those two lines could become […]

I am looking at NQ. Bulls had a nice day. Nasdaq composite bounced from support. I am not going to write too much of market recap. Trader Mike wrote a recap at his blog. From daily chart of Nasdaq Composite, I am staying positive. From 60-min chart, trend turned up and Adjusted TRIN continued ticking […]

We have positive buying of NQ futures in premarket. We are likely to have a gap up. From daily chart of Nasdaq composite, I am staying neutral, not bearish though. From 60-minute chart of NQ, we are still in downtrend, however, bears seems to be weaker. I see Adjusted TRIN starts ticking up. We are […]

I am looking at NQ. We have some selling in the premarket. From daily chart of Nasdaq, I am interested in watching if we can stay above trend line. From 60 min chart of NQ, we are still in downtrend with Adjusted TRIN stays negative and from buyer/seller indicator, sellers are still dominating. Previous High: […]

That was a boring day for NQ trading. Though it did break the support level that I was looking at, I have no valid entry setup after that. I called it a day around lunch hour. No trade. Here is the full picture after closing bell. [photopress:NQfulldaynotrade.jpg,thumb,pp_image] I do not intend to start another strategy […]