A flat open in the stock market this morning. What are the clues that will tell you the direction for today?

Markets are flat this morning 10 min before the open.

Of note, Financials strong and Oil weak.

Looks like a neutral bias to me. Also, the market is balanced now so mean reversion in equities is off the table today.

On balanced days with neutral premarket typically you get a range day. Oscillators tend to work on range days so if your day trading you want to have one to time entries. In addition, you should know where the floor trader pivots are.

Using both of the above while trading in the direction of breadth gives you a reasonable chance at scalping profits.

You can add divergence and also a high volume bar to the above to fine tune it.

I am cutting this short this morning as I am a bit behind the cure getting ready for the open.

Note, any trades I make will be posted on my private twitter feed @rickjswings

In addition, I know have a page on my site devoted solely to political odds. I update that daily at https://www.rickjshandicappingpicks.com/political-odds/

If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.

It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)

Good Luck Today

RickJ

RickJ’s Handicapping Picks

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