bookmark_borderTelegram Trading

The below assessment is provided under the disclaimer at https://tsp.live/trading-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: As I said in the FMA yesterday, I don’t expect much today or next week. Today is a summer Friday and we know how those go. We will see very mild action from 9:30 to about 11am ET and then it’ll be a ghost town. Next week is the week which leads into the 4th of July (Monday). So, I could easily see some mild action on Monday as traders reposition but then I don’t expect much next week.

There is no news and there are no scheduled catalysts out there. If Russia does something stupid or news breaks then that could wake everyone up. However, outside of that we have nothing on the calendar next week and really until we get into July when earnings begin.

So, might be a quiet week next week and likely to be quiet today. The one thing with all of this is typically quiet holiday weeks are bullish. Let’s see what happens. I will be watching and am always ready to act if an opportunity presents itself.

Good luck in your trades!

bookmark_borderTelegram Trading

The below assessment is provided under the disclaimer at https://tsp.live/trading-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: The bulls held the line and recovered the futures yesterday…but they didn’t do much else. It is a market that seems very uninterested in doing much. The bears seem like they are out of momentum and the bulls have no interest in putting all that cash that’s on the sidelines to work. Until one side decides to make a move it could be some boring market action. No real catalysts coming up until earnings in July. Part of me wonders if this market will just flounder around through the 4th of July holiday.

Good luck in your trades!

bookmark_borderTelegram Trading

The below assessment is provided under the disclaimer at https://tsp.live/trading-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: It appears as though the bulk of what was gained yesterday will be erased today. Once again illustrating that sometimes the best trade is no trade. If the bulls can erase the futures loss then it would be a decently strong showing and likely get them above initial resistance. If the bulls mount nothing, the bears need to break $370 in SPY to show they clearly have the ball again.

Good luck in your trades!

bookmark_borderTelegram Trading

The below assessment is provided under the disclaimer at https://tsp.live/trading-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: Market looks like it will launch higher to start the day. The question will be whether bulls can hold it and even push higher beyond where we open. The key level is SPY $375. Bulls must break this level or this would have a very high probability of being nothing more than a brief oversold bounce. If bulls can break and hold $375 into the afternoon, I would be open to dipping in on the bullish side.

Good luck in your trades!

bookmark_borderTelegram Trading

The below assessment is provided under the disclaimer at https://tsp.live/trading-content-disclaimer/. Always consult with a licensed financial professional before trading.

Assessment: As I told those in FMA yesterday, I can’t sell an oversold market. If you can and this goes lower, God Bless! Instead I will wait either for a bear market rally to short OR we get low enough where it is worthy of some bullish risk. At this time…we don’t have either.

Reminder that markets are closed on Monday for Juneteenth!

Good luck in your trades!

bookmark_borderThe Sharp Plays Summer Planning

It’s a pretty slow Monday with action, so I figured I would take the time to break down my plans for the summer. I will do my best to be succinct.

As is the case every summer, I schedule updates to my software and systems for the upcoming football season. There are usually one or two periods for a few days each and then one period lasting 7-10 days right before the start of the football season to bring everything together. For this coming summer the first period is slated for June 29th through July 2nd and then the final period is slated for August 2nd through the 10th. The programmers have advised me they only expect to need two sessions this year. Last year had a bunch of changes to launch TSP Live Analytics so that’s why it took three sessions. As of now…just two update periods are planned. What happens during these periods?

  1. TSP Live will be completely unaffected. As I do every summer during these periods I move TSP Live to a backup system when the main system is being updated. The Oddsmaker’s Report and Hermes (which comprise the entirety of TSP Live content) will be unaffected and operate as normal.
  2. During both periods I will be testing a slightly new format for TSP Daily Briefing. I would like to test out some robots for delivering content like early buying and the daily strategy and wagering information. I will have more details as we get closer. I am excited to see how this test works out.
  3. All records, content logs and the TSP Index will be offline and not updated during the above periods. On July 5th and August 11th any content that occurred during these periods will be updated within the records/logs/Index. Why July 5th if the first update period ends on July 2nd? Given it will be the 4th of July weekend I don’t feel like doing a ton of clerical work in the bunker on Sunday the 3rd. Then Monday is the 4th…so Tuesday sounds good to me!
  4. What about non-TSP Live content during these periods? Not just for these periods but for much of the summer I will be relying a lot on robots to deliver content to both Twitter and Telegram with me watching over the whole process as it happens. By putting the robots at the front it allows me to test the robots and to cover more areas of content. I will be doing a bunch of updates to the robots in advance of football and it will be a great way for me to test them out. Once again as I said today in TSP Daily Briefing…if you are worried about missing content because some goes only to Telegram and some only to Twitter…there is a very easy fix. Subscribe to both the Twitter clone Telegram channel (https://t.me/tsptwitter) and the TSP Sports Telegram channel (https://t.me/tsplive). If you like trading the financial markets there is also the TSP Trading channel (https://t.me/tspfma). At that point all you need is the Telegram app and everything will flow through there.

If you have any questions, comments or concerns on the above, please send me a message at https://thesharpplays.com/contact-the-sharp-plays/

Thanks for your understanding and patience as I work to prepare The Sharp Plays for another AWESOME football season of content! Good luck in your action and thank you for your support!!