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Monthly Archives: July 2012

July 31, 2012

Crude Oil Chart Checklist

Heat Map:  What is it telling us? Crude Oil heat map says +0.4% so we’re considered bullish until we see something different. OHLC Analysis: 3 out of 4 are higher, but no trigger for the OPEN trade today on Crude Oil Futures. Overnight Highs & Lows: We have broken, but failed to stay above overnight […]

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July 31, 2012

Dollar index Chart Checklist:

Heat Map:  What is it telling us? Dollar index is trading at NO volatility this morning.  We have 0.0% on the heat map and this tells us two things.  First, we have no strong correlation.  Second, we have to be concerned about the market personality on the markets we trade.  If the dollar index is […]

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July 30, 2012

Euro Currency Futures Checklist:

Heat Map:  What is it telling us? Heat map says bearish -0.4% and this goes along with the dollar index correlation we saw earlier today. OHLC Analysis: 4 higher-highs so we SHOULD be bullish, but like all the markets this morning, dollar index included, the price-reversal has already occurred.  We assume this is bearish. Overnight […]

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July 30, 2012

E-Mini-Russell Charts Checklist:

Heat Map:  What is it telling us? Heat map says +0.2% which is less than our minimum so we assume this will be sloppy until something. OHLC Analysis: We have higher-highs across all 4, we assume we are bullish. Overnight Highs & Lows: We broke the overnight highs (bullish) but just failed moments later and […]

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July 30, 2012

Crude Oil Morning Checklist:

Crude Oil Chart Prep Heat Map:  What is it telling us? Negative 0.4% means it is dropping this morning, makes sense knowing the dollar index is bullish. OHLC Analysis: Something wrong here!  We have a bullish bias and price is falling! Overnight Highs & Lows: We have new lower-lows telling us this market is bearish. […]

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July 30, 2012

Dollar index trading Checklist:

Heat Map:  What is it telling us? Bullish at +0.3% OHLC Analysis: It says we should be bearish.  This tells me there’s a reversal coming, or the price-reversal has already occurred. Overnight Highs & Lows: We have broken overnight highs, this is bullish.  A bullish dollar index means bearish markets, so we look to sell […]

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July 27, 2012

Dollar Index Technical analysis prep

Dollar Index Checklist: Heat Map:  What is it telling us? We do not use the dollar index correlation below 0.3% and today we are outside of our tolerance.  This may change, but as of 830am EST the dollar index has no market personality and we will not use the correlation until it changes. OHLC Analysis: […]

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