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We feel lucky today. Buying pullbacks into support good for a start. Let's be happy today with 3 to 4 trades and close early. Yesterday's volatility was a bit scary, but risk plans saved the day. We are looking to short near next resistance of 49719, then the daily pivot of 49846. Volume was robust at 112,947 contracts, reflecting heightened activity as indexes gave up early gains and turned sharply lower. This downturn aligned with declines in related indexes, including a 1.

The New York Yankees say Punxsutawney Phil is wrong. Spring starts today! The market is not sure who to believe. There is a big institutional seller so far at 50400 area. Trend still up. Could get very choppy. We have sell stops below 49977. The outlook is cautiously optimistic, bolstered by stronger-than-expected January nonfarm payrolls data released today, which showed +130,000 jobs added (vs. +53,000 expected) and unemployment dipping to 4.3% (vs. 4.5% expected). This eas

We start with a narrow choppy day. The trend is still up so we buy pullbacks. First support area is 50370. The contract remains in an overall bullish posture on shorter timeframes, such as the hourly chart, suggesting potential for upside continuation if key levels hold. However, on the daily timeframe, YM is trading within a rising wedge pattern, which often signals diminishing bullish momentum and raises the risk of a downside break—particularly if it fails to sustain above

We start with consolidation this morning. Two way trading. First support is 50110, then below that is 49972 down to 49898. Buy pullbacks. Sell into resistance that begins at 50280, then 50310. We will look to take the 30 minute break out this morning (Crable trade). Fundamentals remain supportive in the medium term, with markets pricing in a higher likelihood of Federal Reserve rate cuts in the first half of 2026, which could bolster equities despite short-term caution. Futur

Hard to do an encore after a +1,000 point move. So many traders were blindsided by the huge move to and above 50,000 that they are praying for a pullback. We need at least a 241 point pullback before risk levels are reduced. Nearest support as of 9:19 am is 50040, then 49951. Resistance is 50335. Upcoming catalysts : Focus shifts to the rescheduled January jobs report (nonfarm payrolls) and CPI inflation data later this week (around Feb 11–13 in some schedules). These will he

Are you ready for some Super Bowl? First let's make some money. It will be difficult for the first 15 minutes. The daily and the 15 minute trends are in conflict. To continue the recent weakness, first the momentum must turn down. Support begins at 49125, then 48975. Resistance starts at 49350 then 49449. YM futures are showing signs of a modest rebound in pre-market trading at 9:14 AM EST, up approximately 0.4-0.8% from yesterday's close, suggesting the multi-day tech-driven

The day begins with a 330 point range. Institutions began selling before the employment reports at 49660. For the upmove to continue from Tuesday's lows it must break above 49605. Support starts at 49329, then 49242. Investors shifted away from overvalued tech stocks toward value-oriented sectors, supporting gains in the Dow despite broader market pressure on growth names. Bitcoin's drop below $70,000 adds to risk-off tone. No major Fed speakers today, but recent dovish tones

We begin with an 800 point trading range: Dow 49745 to 48945. We see the pivot and the close as yesterday being equal. Also a good buying zone. If we break 48506 there are huge sell stops. Go short there. Earnings season continues with major reports (e.g., Alphabet/Google after the close), which could influence tech sentiment and broader market rotation. Recent software/AI-related jitters have prompted shifts toward value/cyclical names, potentially benefiting the Dow's more

Punxsutawney Phil did not see his shadow. He bit that guy with the top hat waking him up. But he did go long YM at 48595. Today we start with a narrow range of around 200 points. First support is 49425 then 49360. Next resistance is 49575 then 49650. A couple of institutions are buying Dow and selling S&P. The overall technical picture is neutral, with mixed signals from moving averages and indicators suggesting potential for range-bound trading unless key levels are breached

Large overnight selloff met by big buying at 2:00 AM lows. Silver and Gold crashed on speculators dumping positions after Kevin Warsh nomination. Warsh criticized Fed easing in the past but of course, now seems aligned with Trump's view--at least to become Fed Chair. Regarding the US dollar, Warsh hasn't outlined a explicit policy, but his views imply support for a stronger greenback. This contributed to sharp drops in gold and silver. The Dow has rallied over 500 from the lo

The daily down trend formed yesterday had overnight follow through. Our job is to short over bought rallies on the 1 minute chart. They will push it up to get short at favorable prices, then knock it down. First resistance is 49060, then 49199. First support is 48890 then 48775. Recent Fed steadiness supports stability, but speculation around future leadership (e.g., Trump nomination news like Kevin Warsh for Fed chair) adds uncertainty—perceived hawkishness could pressure eq

The daily trend has turned down. We have a mixed bag of technical indicators. Very rarely does a daily chart show a NR7 on a Fed day. But that is what happened yesterday. That sets us up for a 30 minute opening range break out. The Dow E-mini futures (YM) showed moderate volatility amid a mixed broader market session, where the underlying Dow Jones Industrial Average closed up +0.02%. The contract opened at 49,134, reached a high of 49,429, dipped to a low of 48,981, and sett

Narrow range awaits the Fed report at 2:00 PM Eastern. Market has been trading between 49110 and 49179 overnight. Heavy pressure from healthcare sector names, particularly UnitedHealth Group (UNH) plunging ~19-20% after issuing a profit warning tied to proposed changes in Medicare Advantage reimbursements and weaker-than-expected 2026 revenue guidance. Other drags from CVS Health (down sharply) and Boeing (down ~1.6% on underwhelming results). The best thing to do is take

We start with a Narrow range inside day. That means - two way trading. Support begins around 49100. Resistance is 49300 to 49375. FTR's do not work as well on inside days. Keep stops relatively small. FOMC Meeting Begins Case-Shiller Home Price Index 9:00 AM ET FHFA House Price Index 9:00 AM ET Consumer Confidence 10:00 AM ET New Home Sales 10:00 AM ET Richmond Fed Manufacturing Index 10:00 AM ET Treasury Buyback Announcement 11:00 AM ET 4-Week Bill Announcement 11:00

A trading range developing today. Fed announcement Wednesday. Overnight, buyers came in at 49130, ran it up to 49290 where heavy profit taking stopped the rally. The profit taking stopped at 49169. Two-way trading on tap for today. Use your swing points and stochastics for entries. The broader sentiment is cautious, with YM futures hovering near flat to slightly lower in pre-market amid a mix of economic positives and mounting risks. Positive drivers include recent upbeat dat

The market is consolidating recent volatility. Next support is 49243. Resistance is 49537,then 49625. Trade both ways this morning. Economic Strength: Third-quarter GDP was revised upward to 4.4% annualized growth (better than the initial 3.8% estimate and the strongest back-to-back quarters since 2021), fueled by stronger exports and inventories. This underscores a healthy economy, with the Atlanta Fed's Nowcast projecting Q4 GDP at 5.3%. However, inflation remains sticky—co

Powerful turnaround yesterday at 48488. The calls are going out again for Dow 50,000. Short term support this morning is 49411 then 49345. Resistance is 49555 then 49626. We are buying stochastic pullbacks to start. The contract tested support levels around 49,050/48,950, hitting a low near there before rebounding sharply. This move was driven by market relief after President Trump called off new tariffs on Europe and advanced a framework for a Greenland-related deal with NAT

The daily trend just turned negative. We do expect upside bounces since the SMF is 216 points. Use those overbought rallies to short. Political tensions abound. Short term support is 48475 then 48428. Resistance begins at 48601 then 48722. Fundamentals remain clouded by geopolitical risks, with markets fixated on Trump's Davos address today, where he may address (or escalate) the Greenland tariff threats targeting eight European nations. These include initial 10% duties in Fe

All three trend elements are down. Only the daily trend has not yet issued a sell signal. It very well could. Yesterday we suggested that 48055 was even greater support that would trigger down trends for this year. We will be watching. Meanwhile we short rallies. First resistance = 48999 then 49062. Good support begins at 48767. The outlook this morning is decisively bearish in the near term, driven by renewed geopolitical and trade tensions. President Trump's renewed threats

No reports today as we remember Rev. Martin Luther King Jr. Dr. King changed the world with his amazing ability to communicate and to bring all people together without violence or hatred. I was parking cars near Carnegie Hall in New York at the end of February, 1968. By chance, I had the honor of retrieving his car. He personally told me, one month before he died, "A virus is more potent than a vandal." He is probably trying to arise from his grave to condemn the rioters, cri