• S&P 5001842.98+12.37 - +0.68%
  • E-mini S&P (CME)1848.75+9.25 - +0.50%
  • NASDAQ4034.161+11.467 - +0.29%
  • 30-year T-Bond3.46-0.024 - -0.69%
  • 10-year Note2.628-0.011 - -0.42%
  • Gold1300.50+0.20 - +0.02%
  • Crude104.63+0.88 - +0.85%
  • FTSE 1006562.06+20.45 - +0.31%
  • DAX9246.94+73.23 - +0.80%
  • Hang Seng22696.01+24.75 - +0.11%
  • Nikkei 22514417.68+420.87 - +3.01%
  • Shanghai Composite0.00N/A - N/A
  • Euro1.3836
  • Yen102.285
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Stocks

The only constant is change, embrace it. $ES_F 1835 x 1817

Featured Breadth Chart of the Day:   Our Zweig has bounced, but we think that will last only a couple of days as we wait for some exhaustive selling to hit the reset switch and get us back on the bull and narrow.   Quote of the Day:That’s right. ‘Tain’t yours, and ’tain’t mine.–Mark Twain(when […]

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Market Action Center: Signals Emerge To Next Big Move [VIDEO]

This Tuesday, we begin with the NASDAQ lagging while the markets are higher while the markets provide indications of big moves.

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S&P Rebounds From Two-Day Losing Streak

Yesterday the [SNP:^GSPC] closed +14.92 points, or +0.80%. The Dow Jones Industrial Average gained 146 points or +0.90%.

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Trades & Levels

Trading Around April Options Expiration

Although it has been a challenging week for stocks, April option expiration is generally bullish across the board with solid gains on the first day of the week, the last day of the week, the entire week and the week after.

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Forever ‘Blowing Bubbles’

Fed musings indicate the wise folks are really worried that inflation cannot kick up and over 2%, and is stuck in the 1.2% to 1.6% range.

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Carryout Expected To Dip

The IMF says world growth will be 3.6% this year, vs the 3.7% forecast in January.

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Forex

SPY, Gold and Yen Harmonic Scenarios

  SPY in between opposing emerging harmonic patterns, potential bounce to 186.85 for ideal min retracement target for small Bullish Bat,  refer to previous @mrtopstep post for Day chart levels at  .  If price exceeds 185.70 to the downside, the large brown triangle point will shift to 188.17, not changing the dynamics of that pattern.  […]

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Japanese Yen Futures’ Bats, 5-0 Harmonic Rotations

Here is an update to a previous post regarding 6JH13. In that particular post, it was written that there was a shallow retracement.

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Opinion & Commentary

Goodrich Petroleum (GDP) Surges: Stock Moves 30.2% Higher – Tale of the Tape

Goodrich Petroleum Corp. (GDP) was a big mover last session, as the company saw its shares rise by over 30% on the day.

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USDJPY Bear Risk Through 101.20 Whilst Capped By 102.15/20

A further low level digestion to start this week to maintain the negative tone from the renewal of bearish pressures with the break of 101.75 chart support and below the neckline from February.

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Commentary: European Equity Markets Bounce Back; Yellen’s ‘Timely’ Speech

European equity markets have come back from the lows this Tuesday morning and are now up on the day except for Italy.

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Bonds

Seasonal Strength In Thirty-Year Treasury Bond Begins In Late April

As featured in Seasonal Sector Trades: 2014 Q2 Strategies (available soon), there exists an inverse relationship between bond yield and price.

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The Market Below The Pivot – After The Trade with Jack Broz

Quiet over the week with the bonds, This is After The Trade with Jack Broz

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Broz on Bonds: Short Bonds-Ding! Ding!

Jack Broz talks about how confidence and trading methodology makes all the difference.

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Energy

Major Resistance At 104.48 In Crude Oil

Crude Oil saw expansion through our 102.24 key level and rallied to new contract highs for the year at 104.55, reaching our 104.48 target in the process.

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Bigger Picture Harmonic Scenarios for Week starting 4/7/2014

**Note **  Use these longer timeframe charts throughout the week, intraday charts will be posted daily.  These charts are also setups for swing entries.

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Major Expansion Ahead For Crude Oil

Crude Oil’s price range has compressed significantly in recent trading, suggesting range expansion is ahead, which could offer a move worth 7.50 points in the next two weeks.

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