Here you will find the most recent trade levels released today in the Market Dimensions Advisory. This update is showcasing the MDA SnapShot levels with potential buy and sell zones for you to consider executing starting your trading 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.
Contact me directly @ 800-958-9571 or via email: firstname.lastname@example.org
Follow me on twitter @MDA_SnapShot
Published 5/27/16 8:28 am central:
We are coming off a very low volume day yesterday that really did not provide much trading momentum opportunities, we broke below the sell zone a couple times and we ultimately traded inside the range. Our overnight market last night is doing the same thing. We are pinned up on the highs with on a 4.50 pt range in the overnight. With a high @ 2092.50 (recent high 2 days ago) and a low @ 2088.00. This is indicative of couple things. One we are going into a holiday weekend and many trading participants are already checked out for the weekend potentially. 2nd and most likely more important is that Janet Yellen is giving a (Fed Speech) today @ 12:15pm central Time (see economic calendar below). We will see what that will bring and how it will spill into the market. Many traders are “Fed Up” with the “Fed” and what they have been doing. We will keep things technically focused in the newsletter
Look, at Market Action Scanner, we have a very similar setup to yesterday, but the SP odometers are still green bullish but at lower percentages. We are still seeing the 2083 price level as a short term trend change if that gets broken. We could have short term setups @ yesterday’s level @ 2086 and then look to add @ 2083 if you are looking to get short term momentum and build a position. To the upside we are still pinned right at these highs with a breakout @ 2092.00, yesterday was 2091, so the upside breakouts are still in line and just not seeing the buying momentum to challenge and break 2100. With oil breaking above $50 yesterday I thought it would have been its day to do it. now oil is trading @ 48.81 so not sure if the ES will follow lower. We will see how we open up and where we go at 12:15pm, otherwise, could be a low volume day. If you take trades don’t be afraid to reward yourself early or update a trailing stop and call it an early day. Wait and see what happens after Yellen’s speech and if you are up on the day, walk away and have a nice long weekend.
We will be closed Monday in observance of Memorial Day. Thank You to our Veterans and active Military.
Click Below Images for larger new Window
Market Action Scanner: S&P
30 Min SnapShot Chart: Showing Levels
Economic Calendar: Video on how to access on dt pro: https://vimeo.com/160017837
Market Dimensions Advisory – Free Edition - Market Dimensions Advisory leverages insights gained from working with professional traders, commercial clients and institutional businesses paired with an understanding of market relationships, order flow and trading volume, along with news, trends and seasonal info, to give you a "3D view" of trading. Market Dimensions Advisory – Free Edition includes an email newsletter subscription. The Market Action Scanner is a premier Market Profile based scanner powered by the acclaimed TAS proprietary algorithms. Sign up for a 14-day trial to Market Action Scanner!
Subscribe to Market Dimensions Advisory – Free Edition
Market Action Scanner
Market Dimensions Advisory – Free Edition - Market Dimensions Advisory leverages insights gained from working with professional traders, commercial clients and institutional businesses paired with an understanding of market relationships, order flow and trading volume, along with news, trends and seasonal info, to give you a "3D view" of trading.
Market Dimensions Advisory – Free Edition includes an email newsletter subscription.
The Market Action Scanner is a premier Market Profile based scanner powered by the acclaimed TAS proprietary algorithms. Sign up for a 14-day trial to Market Action Scanner!
STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CONTRACTS CAN BE SUBSTANTIAL. THERE IS A HIGH DEGREE OF LEVERAGE IN FUTURES TRADING BECAUSE OF SMALL MARGIN REQUIREMENTS. THIS LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU AND CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.