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 April 18th 2017

Looks like we are getting the right shoulder this morning, that I spoke about as "possible" in the chatroom yesterday.  It appears to have...

ES Morning Update April 17th 2017

Welcome back to everyone after a long 3 day weekend. Today I'll keep this short and to the point.  I'm expecting a kinda "pause"...

ES Morning Update April 13th 2017

Still drifting lower but not enough for me to call think they flushed out all the bulls.  It's hard too get excited about going...

ES Morning Update April 12th 2017

As told everyone in the chatroom yesterday I missed the morning update because I had to be at the hospital for my Aunt Betsy...

ES Morning Update April 10th 2017

Futures look weak again this morning after a being up over 5 points Sunday night.  Good Monday morning to you as winter seems about...

ES Morning Update April 7th 2017

Tough chart to figure out this morning.  The futures dropped overnight just under 20 points from the news of Trump attacking Syria but recovered...

ES Morning Update April 6th 2017

Yesterdays big reversal after the FOMC meeting wasn't expected by many as we all know that most Fed days close green.  I suggested a...

ES Morning Update April 5th 2017

I finally made it back... sheesh, what a week it's been!  The guys took two days to get my hardwood floor in and then...

ES Morning Update March 27th 2017

Good Morning everyone.  Looks like the futures sold off more over the weekend breaking down from the triangle pattern it was in.  Now we'll...

ES Morning Update March 24th 2017

In the chatroom yesterday I presented 3 scenario's that might play out.  One and Two were a move down today to make either a...

ES Morning Update March 23rd 2017

I've added in a new rising trendline and the starting point on it is the low back in December of 2016 then connecting to...

ES Morning Update March 22nd 2017

We got our rally yesterday but it fell short only hitting 2378 and not the 2385-2390 that I had hoped for.  And we also...

ES Morning Update March 21st 2017

This morning the ES Futures appear to have crossed the falling blue trendline of resistance and are trying to straighten out the MACD's so...

ES Morning Update March 20th 2017

Happy Monday Morning to everyone.  The ES Futures look oversold this morning.  But I don't see some big rally starting again, but instead just...

ES Morning Update March 17th 2017

Futures seem to stuck now in a triangle and will probably stay inside the APEX of it all day today.  The downward sloping blue...

ES Morning Update March 16th 2017

Ok gang... the Fed's raised rates as expected and the (not so much talked about) date to increase the debt ceiling expired yesterday.  What...

ES Morning Update March 15th 2017

Well, it's looking more likely that the market will go back up after the FOMC meeting today.  This assumes no surprises from them!  We've...

ES Morning Update March 14th 2017

It seems that support has broken overnight from the green rising trendline and the lower line of the rising channel.  However, I still wouldn't...

ES Morning Update March 13th 2017

ES Futures look to be opening about flat this Monday morning.  We have another FOMC meeting this Wednesday and they are expected to raise...

ES Morning Update March 10th 2017

Well gang... it's Friday!  Aren't you happy?  You can go party now... except that you are addicted to trading now and view the stock...

Red's Daily Updates

ES Morning Update April 21st 2017

We finally got our breakout to the upside yesterday, which I think will continue into next week as the futures make another run for...

Recent Posts