Thank you For Reading Welcome to the second issue of the TradingFibz, LLC weekly supplemental newsletter. It is my hope that over the next month, the newsletter will take on a new look and add in additional features to make this a useful weekly tool in addition to my weekly video recap and outlook. This will be the last week I will cover index futures as these are covered in great detail in each weeks video recap and outlook. In replacement I will be adding in additional ETF s and FX pairs in the weeks to come.
Disclaimer Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past Performance is not indicative of future results
CFTC HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past Performance is not indicative of future results
Markets can remain irrational longer than you can remain solvent. John Maynard Keynes
Recap/Outlook Video
Is there really a Crystal Ball? While there are a plethora of weekend forecasts of where the market may be headed in the next week, in the end, only a margin of those who claim to know where we are going get it right. The other half get it wrong. Truth is I have no clue and this is the core of my belief to simply trade the charts in front of me. My outlook is simply based on a where we are currently in technical momentum and what you should know may lie ahead or behind wether you are an intraday, short or long term trader. So.take my charts/comments for the value that it all may go in either direction and always be prepared regardless of where you think it should be. You ll be a more profitable trader for it.
Index Futures
ES
ES Technical Momentum BULLISH T3 Moving average above the 50/144ema on a 4 hour chart Between 50/200 daily moving average Watch for pullbacks Daily 50/200ma 4 hour 50/144ema
ES Daily Gaps closed
ES Daily Fib New Draw
NQ
NQ Technical Momentum BULLISH T3 Moving average pullback above the 50/144ema on a 4 hour chart @200 daily moving average @ 61,8% fib retrace Watch for pullbacks Daily 50ma 4 hour 50/144ema
NQ Daily - Fib
TF
TF Technical Momentum BULLISH T3 Moving average above the 50/144ema on a 4 hour chart Between 50/200 daily moving average @ 50% fib retrace open gaps prior to 200ma
TF Daily - Fib
YM
YM Technical Momentum BULLISH T3 Moving average above the 50/144ema on a 4 hour chart Above 200 daily moving average Watch for 2015 highs Watch for pullbacks Daily 50/200ma 4 hour 50/144ema
YM Daily Fib Gap Closed
YM Daily New Draw
6E
6E Technical Momentum BULLISH T3 Moving average above the 50/144ema on a 4 hour chart Above 50/200 daily moving average Fib extension upside on breakout above previous highs Open gap above/below Watch for pullbacks Daily 50/200ma 4 hour 50/144ema
6E Daily - Fib
6E Daily - Open Gaps
Futures
CL
CL Technical Momentum BULLISH T3 Moving average above the 50/144ema on a 4 hour chart Above 50 and right @200 daily moving average Break above 200ma look for 44 an up to 50 to close out open gaps. Open gaps below on the pullback and 50ema on a 4 hour chart.
CL Daily - Fib
CL Daily Fib NEW Draw
GC
GC Technical Momentum BULLISH T3 Moving average above the 50/144ema on a 4 hour chart Support on 4hr chart @ 50ema @23.6 fib level support Above 50/200 daily moving average Open gaps below
GC Daily - Fib
GC Daily Open Gaps
ETF Futures
DIA Technical Momentum BEARISH T3 Moving average Bullish above the 50/144ema Bullish on a 4 hour chart Above 50/200 daily moving average Stronger trend if daily 50 crosses 144ema Watch for pullback to the 50ema on a 4 hour chart.
FXE Technical Momentum BULLISH T3 Moving average above the Bullish 50/144ema on a 4 hour chart @ 50/200 daily moving average Stronger trend if daily 50 crosses 144ema
IWM Technical Momentum BEARISH/NEUTRAL T3 Moving average struggling above the Bearish 50/144ema on a 4 hour chart Between 50/200 daily moving average @144ema Daily chart Stronger trend if 4hour 50ema crosses 144ema
QQQ Technical Momentum BEARISH/NEUTRAL T3 Moving average above the Bearish 50/144ema on a 4 hour chart @ Daily 200 daily moving average Stronger trend if 4hour 50ema crosses 144ema and breaks above 200 daily moving average
SPY Technical Momentum BULLISH T3 Moving average above the Bullish 50/144ema on a 4 hour chart Above the 200 daily moving average Stronger trend if daily 50ema crosses 144ema
ETF s
GLD Technical Momentum BULLISH T3 Moving average Bullish above the Bullish 50/144ema on a 4 hour chart Above 50/200 daily moving average Last time: Watch for pullback to 50ema as first line of defense and 125.58 upside.50ema holds
USO Technical Momentum BEARISH/NEUTRAL T3 Moving average Bullish above the Bearish 50/144ema on a 4 hour chart Inside 50/200 daily moving average gap Watch for Daily 144ema upside resistance
Market Cap Leaders
AAPL Technical Momentum BEARISH/NEUTRAL 4hr: T3 Moving average Bullish above the Bearish 50/144ema Daily: Inside 50/144ema GAP Inside 50/200 GAP Last Week: Watch for 144ema as next resistance on daily chart This Week: Watch for Daily 144ema resistance and 4 hour trend change or pullbacks to moving averages.
AMZN Technical Momentum BEARISH 4hr: T3 Moving average Bearish below the Bearish 50/144ema Daily: Bullish resistance @multiple consolidated daily moving average Last Week: Watch for the breakthrough This Week: Bearish and watch for break through of daily 200ma.
FB Technical Momentum BULLISH 4hr: T3 Moving average Bullish above the Bullish 50/144ema Daily: Above 200 daily moving average Two weeks ago: 50ema first line for the pullback This Week: Watch for 50ema pullback or continued Bullish trend. 1000 tick chart will show first signs of pullback.
GOOG Technical Momentum BULLISH 4hr: T3 Moving average Bullish above the Bullish 50/144ema Daily: @200 daily moving average Two Weeks Ago: Price support on 4 hour needs to breakthrough daily 200ma resistance This Week: Watch for daily/4hr 50ema pullback or continued Bullish trend. 1000tick chart will show first signs of pullback.
NFLX Technical Momentum BEARISH 4hr: T3 Moving average Bullish inside the Bearish 50/144ema GAP Daily: @200 daily moving average Last Time: Brakes on need to push through resistance This Week: Decision time. Shorter time frame trend upside. May lead 4hr higher and break above daily 200ma. Otherwise pullback to 50ema on 4hr. chart.
SBUX Technical Momentum BEARISH/NEUTRAL 4hr: T3 Moving average Bullish above the Bearish 50/144ema GAP Daily: Above 200 daily moving average Last Time: Watch for support here and below at the 50ema on a 4hour chart and 144 on a daily This Week: Follow though on break upside on 4hr chart. Pullback to 50/144ema if no follow through.
Looking Ahead Will be adding in the weeks to come FX Pairs Industry ETF Additional ETF s