Reds Daily Updates

Reds Daily Updates

These posts are Red's daily forecast for the short term direction of the stock market.

ES Morning Update January 11th 2018

I was hoping for the small dip yesterday to be bought up big time and another strong move up to have followed as that...

ES Morning Update January 10th 2018

Looks like we finally got a move down, but it's being bought up in the futures right now so I wouldn't be shorting it...

ES Morning Update January 9th 2018

Nothing new to add here today gang.  The market is still grinding away, an inch at a time.  I'm still focusing on tomorrow or...

ES Morning Update January 8th 2018

A little weakness in the futures this Monday morning but not much. This is too be expected I guess with such overbought condition right...

ES Morning Update January 5th 2018

Looks like this move up this morning is some kind of 5th wave from the low last Friday.  Hard too tell for sure but...

ES Morning Update January 4th 2018

I thought we might have that small pullback yesterday but the market is too strong it seems.  Today we are up again and I'm...

ES Morning Update January 3rd 2018

Nothing has changed much from yesterday's outlook.  The bears are getting squeezed a little more this morning but it's looking overbought now.  If we...

ES Morning Update January 2nd 2018

Welcome to a new year gang.  I hope everyone had a great holidays.  Today is the first day back to work so I wouldn't...

ES Morning Update December 29th 2017

Looks like the bulls decided to ignore my suggestion of drifting down some to get a better launching pad for the bull flag and...

ES Morning Update December 28th 2017

More of the same is expected today... a whole lot of nothing.  Here on this 6 hour chart of the ES Futures we can...

ES Morning Update December 27th 2017

I hope everyone had a Merry Christmas and didn't put on 4 extra pounds like I did... LOL.  This week I'm not expecting much...

Happy Holidays

Have a great holiday everyone... see you all back next Tuesday after Christmas. Red

ES Morning Update December 21st 2017

Yesterday we saw the move down I was looking for but not as deep as it should have been.  Instead it stopped in mid-air...

ES Morning Update December 20th 2017

Futures are up this morning but they still don't look to me like they plan on making another higher high like they have done...

ES Morning Update December 19th 2017

Looking at the various charts this morning there's no big change from yesterday.  It's still bullish and should be putting in that lower high...

ES Morning Update December 18th 2017

It's another sunny day with not a bear in sight, with Punxsutawney Bull up early again with a smile on his face as he...

ES Morning Update December 15th 2017

I have to do this mornings' post a little early as I have a 9am (EST) appointment I have to be at, and won't...

ES Morning Update December 14th 2017

Well, the Fed's did as expected and gave us no surprises... so the bulls win again.  There doesn't appear to be any news left...

ES Morning Update December 13th 2017

The Democrats won the Senate in Alabama last night and the futures yawned with a small dip that got completely erased this morning.  Today's...

ES Morning Update December 12th 2017

Not much to add today that wasn't said yesterday.  The most important market moving event this week is the FOMC meeting tomorrow.  If they...

Red's Daily Updates

ES Morning Update January 17th 2018

Well, it finally happened... a pullback!  It's been such a long rally up that I (and many others I'd guess) just fell asleep and...

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