No reading this morning as I got off to a late start. Unusual for me:)
The markets are up almost + 1/4% 30 min before the open. Of note, most everything is up across the board this morning, although less that 1/3%.
To me, this looks like an upside bias for today.
The idea, however, is to look at $ADD 15 to 30 min after the open to get an idea of the type of day it might turn out to be. Then trade accordingly.
Nothing new to add this morning. No changes at the home front or the international front. The terrorist attack in the UK last night does not seem to have shaken this market this morning.
My opinions have not changed a bit and right now the market is on borrowed time as I see it. The only thing that would change that is the Fed reversing it tightening binge, Trump cleared of all wrongdoing, Republicans supporting Trump and his agenda.
The odds of the above happening are not slim and none but none and none at all:) So be careful if you have a substantial amount of money in the markets.
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
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