Category Archives: Weis Wave

Rally Dying?

Or is it just a pause? As we await another win­ter nor’easter here in south­ern New Eng­land we are try­ing to stay warm and fig­ure out what the likely next move of the mar­ket will be and how much snow we … Con­tinue read­ing

Big Morning Up

The S&P futures had a good run up this morn­ing. Just before the US Open, the mar­ket tested the overnight lows (T) and took off.  You can see the demand that came in off the US open, con­firm­ing the test … Con­tinue read­ing

Friday: A Stellar Trading Day

Today was one of the bet­ter trad­ing days.  The day started with a con­tin­u­a­tion of yes­ter­day afternoon’s down move.  The lows were reached just before the US open where a rise in vol­ume with lit­tle progress down fol­lowed by light … Con­tinue read­ing

Narrow Range Resolves with Volatility

As is often the case, the nar­row range day painted on Wednes­day led to increased volatil­ity yes­ter­day. Sev­eral traders emailed with fine exam­ples of trades made in the weak­ness. Nice job!   In Deep Prac­tice last night, we dis­cussed this weak­ness … Con­tinue read­ing

Today’s Trading

There was very good trad­ing in the S&P e-Minis today.  It was espe­cially good for a day after a hol­i­day. Sup­ply was evi­dent in the overnight mar­ket, as well as off the US open.  This allowed for an early short … Con­tinue read­ing

Friday’s Trades as Market Fell/Free Webinar

Thurs­day, Jan­u­ary 16, was a con­fined trad­ing day on light vol­ume.  Traders would be look­ing for upside devel­op­ment after this poten­tial test (see daily chart at A).  Had the test been imme­di­ately suc­cess­ful, new all-time highs in the S&Ps would … Con­tinue read­ing

Morning Sell-Off Ends with a Spring

Today was an inter­est­ing trad­ing day.  The mar­ket sold down from the overnight high. Although sell­ing was dom­i­nant dur­ing the early part of the US ses­sion, it wasn’t over­whelm­ing enough to trig­ger a trend day down.  The Weis Wave told … Con­tinue read­ing

Follow Up to Yeasterday

In last night’s post (see that post by click­ing here), I sug­gested that we look for the mar­ket to hold around Friday’s low and look for a rally to the 1830 level in the S&P e-mini futures.  The Asian and … Con­tinue read­ing

Fed Day Trading

Fed­eral Reserve Open Com­mit­tee Meet­ing Days, like today, can be quite volatile.  Many traders take the day off.  I like Fed Days.  Our method of trad­ing is par­tic­u­larly well-suited for days in which volatil­ity expands.  When the mar­kets are active, … Con­tinue read­ing

A Solid Approach from Down Under

A trader from Aus­tralia wrote to me say­ing he had a very good start to his week using the 3,000 tick chart and mar­ket struc­ture to place his trades in the S&P e-Minis.  That’s a nice com­bi­na­tion.  I have been … Con­tinue read­ing