Bob Byrne is a full-time private daytrader with 10 years' experience. His trading relies on technical analysis and focuses primarily on the energy sector. Bob is also a writer for and the host of a daily trading chat room on Finance Banter. His contributions to this or any other site are not to be construed as recommendations to buy or sell stock.
Bob holds a business degree from St. Edward's University in Austin, Texas. He lives in Park City, Utah, with his wife and daughter.
Despite these statistics, ‘euphoric’ is the absolute last word I would use to describe trading in the Es.
I’m afraid my market outlook won’t make bearish traders particularly happy.
Catalysts will be a surge in bullishness above 1550 or collapse in demand near 1540.
Wednesday’s regular session game plan is nearly identical to that of the past two days.
I still believe the current volatility collapse will reverse itself into late spring and early summer.
Like it or not, the bulls currently deserve both our respect and the benefit of the doubt.
Even I was bored to tears with Thursday’s sub-5-handle range.
A reminder to anyone operating on a slightly long time horizon: Remain paranoid.
If you can’t spot which way price is trending, you’re likely to get run over time and time again.