David Starr
@FWTrader
Trade stuff. Invent stuff. Learn and teach. Spout off about a few things I know and a lot of things I don't.
I’m sure there’s a life lesson and maybe a trading lesson to be learned from this ponderosa pine
The market is trying to erase cumulative breadth divergences which appeared at the last several all-time highs. Let's keep an eye on NYSE breadth through the end of the day. Even if they can erase divergences, +800 or so on breadth isn't a great way to make a new high.
Today's S&P 500 new all time highs came with some warnings signs. I talk through them in this video youtube.com/watch?v=41dCY4…
Taking a break from markets this week. Taking a break from my break to let you know Voodoo Lines is part of the July 4th sale at @simplertrading - if you’ve been wanting to add this tool to your charts you can do it at a discount with code JULY25 my.simplertrading.com/voodoo-lines-i…
Carney Always Capitulates Afterward CACA. Do we have a CACA trade?
Is the bigger battle brewing between Washington and Tehran who can come up with better code name for operations?
Iran's Tasnim Says Missile Operation Called 'Annunciation Of Victory' Launched Against US Bases In Iraq And Qatar
Airstrikes on Iran: Will Markets CRASH or SOAR? youtu.be/Hizg4VyTDGE?si… via @YouTube
While we could be getting closer to a market pullback, we should remember that we're acting under the influence of a recent Zweig Breadth Thrust signal which suggests additional upside and that pullbacks should be bought. youtu.be/upWn4S_Nv8Y?si…
I just put together this video comparing my new Big Picture Oscillator to the S&P short range oscillator. Watch it and tell me which one you like better. Big Picture Oscillator May Be Better Than the S&P Oscillator. youtu.be/yYLXPCUE8kg?si… via @YouTube
I suppose we shouldn't be surprised to see futures sell off as Moody's downgrades U.S. debt. But really, are there new worries about deficit spending this afternoon which didn't exist this morning?
Last Friday my equity curve was at an all-time high. Today tacked on an additional 3%. Celebrated with my next-to-last bottle of 2002 Chateau Pichon Lalande and wood-grilled rib eye. This wine was my first ever trade in the futures markets over 20 years ago and took delivery.
We are reaching the prior ES level from 4/9 and a VooDoo Snowline ... do we fail from here? @TraderTammy1 @simplertrading
Marty Zweig's breadth oscillator is threatening to give us a long-term bullish Zweig Breadth Thrust signal. The oscillator is currently above 61.5 and if it's there at the close, then we'll have an official signal. It would also be valid with a close above tomorrow.
When the equity book looks ugly, it feels good to be able to hold the asset which is working.
2 weeks ago, in my 2025 outlook webinar, I shared expectations of an SPX bounce followed by a turn back down toward 5200. That outlook let us build a hedge strategy in our trading rooms. A strategy which let me eke out $3,505 profit today when the value of my stocks dropped $94k.
