ALEXANDER TRADING WEEKLY UPDATE
Weekend Report_2023_05_21
From last weekend's Report: All evidence points to an imminent sharp move. I am favoring down and I am positioned that way, but you most certainly do not want to get stubborn if this extremely coiled market decides to spring up. The "imminent sharp move" was spot-on....
Weekend Report_2023_05_13
Bottom Line:More of the same. The SPX, RUT and DOW continue to trade in various states of Balance, with the SPX being the poster child for a textbook Market Profile gaussian-like shape in two degrees of time. All evidence points to an imminent sharp move. I am...
Weekend Report_2023_05_08
Bottom Line: The US Stock market is still a confused market that had wide day-to-day swings last week but still lacks directional conviction. The NDX looks like it is on the verge of an upside breakout, while the SPX, RUT and DOW continue to test, but are unable to...
Weekend Report_2023_04_30
Bottom Line As of Friday’s cash close the US stock market looks bullish heading into next week. The SPX, NDX and DOW all closed very strongly to end the week and closed right at critical upper levels. The RUT began to show strength Thusday and Friday and if strength...
Weekend Report_2023_04_23
Bottom Line: Next week is the last week of April. Since March 31: The SPX is up .59% The NDX is down 1.37% The RUT is down .61% The DOW is up .62% That is three weeks of chop, overlap and non-directional rotation, ie….”Balance”. It is one of the primary precepts of...
Trade Lesson and Pre-market Report for Monday, April 10
Trade Lesson and Pre-market Report for Monday, April 8 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...
Trade Lesson and Pre-market Report for Monday, March 27
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...
Trade Lesson and Pre-market Report for Monday, March 20
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...
Trade Lesson and Pre-market Report for Monday, March 13
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...
Trade Lesson and Pre-market Report for Monday, March 6
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...