Category: Telegram Trading

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: Not a whole lot of movement, but volume is picking up. Feels link something is ready to pop. We do have a lot of employment data this week capped off by Non-Farm Payrolls on Friday. Nothing like a good NFP…or bad NFP report to get things moving. We do get some data out in the next two days that could give hints to the NFP too. Hopefully it is enough to get this market breaking out or breaking down for some action.

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: Last week was uneventful until Friday when we had a bit of a breakout. Volume did return which is good, but so far not a whole lot of momentum recently. Let’s see what they do today.

Path Predictor (Bitcoin): https://sblk.io/s/GgglUkcRT1hDUgk

For the Bitcoin fans, above is the current chart of Bitcoin. If you saved the last chart I posted, you will see these pivots (which are calculated by my algorithm) have not changed from the previous chart and look how price has reacted to these pivot. Coincidence? I would think not. There is something to calculated price pivots which assess volume and technical indicators to predict key price points.

It is tough to calculate a path on an asset like Bitcoin which is moving solely due to a major catalyst event like the possible launching of the ETF. So, in situations like this key price points, as we have seen by the calculated pivots can be good areas to assess resistance and support for entry and exits. The $42,024 pivot will likely be a major pivot. I think we will need some price consolidation before it bursts though. However, all bets are off if the ETF is cleared as this could behave very aggressively. In a normal environment I would wait for consolidation before playing a breakout above the $42,024 pivot.

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: We have mostly been going sideways with little volume. However, yesterday the volume actually popped up a little. We didn’t get much movement and perhaps it was just end of month portfolio adjustments, but maybe we will actually see some action in this market. Today should tell us whether yesterday was just a fluke or if a quality trading environment has arrived!

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment:  Most stocks relatively flat and another flat day across the indices. I am a little surprised given today is the end of the month and often there is at least some bullish portfolio readjustment for fund managers. Really dead in the market.

In other news, DraftKings is sitting nicely around $38 and has provided a very healthy return for my lone public trade. I will continue holding, as it is a very long-term hold for me, however shorter term traders could be forgiven for locking up the profits on such a trade.

Let’s see if any action comes as the day goes along!

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: We have had two boring days of action, although yesterday saw some volume. Futures seeing some movement, but beyond the open it is not a good predictor of how the day will actually go. Let’s see if maybe the futures action triggers some volume and we can get a feel for direction in the next few days and next few weeks before traders go MIA for the holidays.

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: Pretty dull Monday. Not much to glean from the limited action other than nobody was ready to trade yesterday. Let’s see if that changes for today!

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: Last week was dead due to the holidays…and much of the previous week was quiet as well. We now get ready for the final month of the year and we could see some volume…at least for a couple weeks.

I would suspect we will see the bulk of trading through December 15th. After that I don’t expect much as traders tend to take the final two weeks of the year off. Those weeks then lean slightly bullish as buyers come in to put their bonus and Christmas money to work, but there are no material sellers…they wait until they come back in January and then sell the “Santa Claus Rally”.

Let’s see how today goes and what takes shape in the second half of the day.

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: Low volume expected today and unlikely we will see much in the way of movement. Today could be interesting in the final hour of trading (12-1pm ET) as traders might begin to show their hand a little and provide some hints as to what to expect next week. That’s where I will be watching.

Good luck in your trades!

The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: Should be dead today and I don’t expect anything much today or Friday. If that changes, I will report. Likely see you back here next week! HAPPY THANKSGIVING!!!

FMA subscribers: If there is anything exciting during the day I will report, if not, I will send an update in the final hour.

Good luck in your trades!