CV March 26

Home

Coaching

Products

Robin's Bio

Commentaries

Newsletter Articles

Resources

SP500 & Dow Intraday Charts & Futures Prices at Their Best

March 26

The market gapped higher this morning after yesterdays heavy selling. At this time the market (metals and indexes) are trading at resistance on light volume. This tells me people are a little spooked from yesterday and just do not want to buy at these lofty prices.

Stock Market Training Education

I am trying to provide you with more insight and trading tips/education because I know many of you enjoy it. So here is something some of you may find interesting…

Over the years I have found several things which happen repeatedly in the market. I always found it interesting that in an uptrend the market/commodity or stock tends to gap lower at the open the next day. And during a down trend the market tends to gap higher at the open.

Why is this? I don’t know for sure… but my thoughts are that the smart money (big guys & professional traders) manipulate the market using futures to artificially lower prices so they can buy more the at lower prices before everyone else jumps in. It’s similar but in the reverse during a bear market. Prices gap up so they can short more shares at a higher price before everyone starts selling again pushing prices lower.

I could be way off here as this is my personal opinion but I see it happen all the time… so whether I am right or wrong in my theory the fact is this price action happens.

Take a look at the SP500 & Dow Jones Futures Charts:

Market Gap Trading Conclusion:

In short, the market gapped up today (not good)…

I see the dollar is now trading at a short term support level and metals are trading at resistance. So maybe something will come out of this for a short play…

I hope this short reports was of use for getting a feel of how the market moves and what I am looking for in low risk setups.

Have a great weekend everyone. I don’t see anything tradable other than this intraday low risk setup which just broke down as I write this sentence….. fun stuff

Be sure to get notified about my new day and swing trading service I am launching April 6^th by entering your email address in the form at my website: www.TheTechnicalTraders.com

Chris Vermeulen

Disclaimer: Please read and remember YOU are responsible!

All information contained within the website www.RobinDayne.com (RDI) by Robin Dayne Inc is made available solely for Educational Purposes Only, including but not limited to, information presented by Robin Dayne, Robin Dayne, Inc., or any instructors who may provide information for the RDI site from time to time. Additionally, Robin Dayne Inc. maintains no responsibility for verifying any statements made by visitors to the RDI website, nor will any such statements be edited for content. RDI makes no warranties or representations as to the RDI content and assumes no liability or responsibility for any errors or omissions therein. By agreeing below, you understand that you alone assume all risks associated with implementing any strategies discussed in the RDI website and that you alone are responsible for any and all trading activities you engage in the future, including any losses and/or profits that may result there from. You further understand that the information contained in this RDI website is not meant to be advice and should not be construed as advice from RDI or any party who may be posted within the website from time to time.