Here you will find the most recent trade levels released today in the Market Dimensions Advisory. This update is showcasing an MDA SnapShot levels with potential buy and sell zones for you to consider executing on the day. If you would like to further discuss these trades do not hesitate to contact me directly. If you are not getting these updates sent to your inbox each morning, please subscribe HERE. To see all MDA updates (morning & intra-day levels, trade recaps, educational material) visit my blog page HERE.
Published 3/10/16 8:20 am central:
We are seeing some strong volatility this morning on the heels of the ECB announcement. This is spilled into the Euro selling off dramatically and our stock market spiking hirer We are now seeing the Euro rally and our stock market selling back off near the zone of the announcement. We have new levels on the 30 min chart, but I am gong to lean on the levels we had before the announcement. I am looking to buy @ 1995 – 1990 level and have the risk at the old sell zone near 1980. We just got filled @ 1995 for my full service clients. We see on Market action Scanner. that the rally stopped right at the daily top level, the previous highs we had. Overall the bulls are still in control and these higher prices confirmed that. The markets are still digesting this report as it changes the fundamental picture in many markets so we could see some volatility, but I believe the bulls are in control at this point.
Here are the update levels. As I mentioned the 1995 level I wrote for being long just hit while writing this update. if we pull back down I would hold to see if 1990 level works.
We have a nat gas storage report @ 9:30am central. Not huge report, but last week it missed and caused crude to move and spilled over into stocks. So keep an eye on crude/gas @ 9:30am
30 Min SnapShot Chart: (click for larger image)
Market Action Scanner (click for larger image)
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