Cleopiptra

After NFP, is risk appetite done? Some near-term follow-through is expected, but with both the dollar and the Dow in sideways choppy market trends, how long ’til the pessimism and selling pressure come back in?

I am looking at three pairs as I expect some risk to come off the table, despite Friday’s risk on. It’s a number of pullbacks and wicks that I’m thinking could be interesting.

There’s three charts I want to share with you all tonight and none of them are forex charts – hold on! – there’s a good reason why.

Opportunities to watch at the Dow moves lower on a trio of negative news points. 1) China manufacturing slowdown 2) record European unemployment 3) a U.S. ISM miss.

All the charthacking in the world – without the proper order entry plan – is never going to make any of your trading plans an actionable reality. And yet, it’s often the order entry aspect of an entry or management that remains UNdiscussed.

The Dow is at the bottom of the sideways trading range and that means that the bulls could step in. What are the signs? Where are the set ups IF the market bounces? Here’s a video update.

As this morning’s Dow rallies past the gap close on the YM Dow futures contract, the stall that would be expected at that resistance level and further up into the major psychological level at 13,000…

Usually the conversation surrounding a Dow rally is dollar weakness but not today, the market’s fallen down the “QE” rabbit hole.

My last update was all about risk and the fact that as March as winding to a close, the environment which was mainly risk aversion was starting to turn. I warned of a transition. Today’s update is all about the aftermath.

The Dow’s uptrend has been the basis for much of my RISK ON attitude (think: a market psychology of greed) and this means expecting the U.S. dollar to remain in a range or be pressured and U.S. equities to climb.