While the overall market was mostly sloppy this week, we saw some great continuation in the trends we mentioned in last week’s newsletter, such as energy, consumer staples, and health care. As far as energy (XLE) goes, the daily squeeze … Read more

  The market is at the critical levels that we previously laid out for April.  The main focus in play is the daily Ichimoku Cloud as it guides us forward.  The S&P 500 (/ES) approached the Cloud top on Thursday, … Read more

What is reading the tape? Reading the tape is reading order flow. Prior to candlesticks, charts, and support/resistance levels, traders read the tape to understand transactions. It’s important to understand this concept as we get an inside look “under the … Read more