ALEXANDER TRADING BLOG

Please note: This information (and much more) is covered extensively in twice daily reports provided to the membership. Membership also includes access to a Live Trade Room and the nightly recording of ALL LTR activity for that day. It also includes two weekly member...

Bottom Line: There is an FOMC meeting and policy statement Wednesday. Markets will be on edge going into that meeting, and there is no way to guess what day-to-day trade will be like into next Wednesday. There is incredibly disparate action among the indices. The NDX...

Bottom Line: Momentum turned sharply from potentially bullish at the end of one week ago to unequivocally bearish beginning last Monday. The weakness was seen in all four US primary trading indices. We are at critical levels in the SPX (ES) and RUT (RTY). The DOW (YM)...

Bottom Line: The indices had two strong momentum days Thursday and Friday. Probabilities are on the side of generally higher prices at least near-term.  Daily KRAs: SPX The area near 4000 should hold under any immediate bullish assumption. The Thursday-Friday rate of...

The primary US trading indices are in another mind-numbing narrow range Balance Area, similar to what we experienced in late January into the early part of the New Year. The ultimate result will be the same - a sharp break and initiative, directional move. No change...

Bottom line for this week:  The short-term critical upside level is more well-defined as of Friday’s close as are downside levels. Closes by all four of the primary US indices above Thursday’s highs may signal an important low is in place. I say “may” intentionally....

Bottom line for this week:  The current rate of change to the upside is unsustainable and will not continue. The indices are likely to be near at least a short-term top and possibly on the verge of the deepest retracement we’ve seen since the New Year began. Daily...

Bottom line for this week:  My best guess is sideways to bullish into 2 PM, Wednesday. That is the Fed policy announcement and will create a lot of volatilty. I would not want to see daily closes by all four of the indices below Thursday’s cash lows under any bullish...