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Sample Research by Charles Cochran:
Another extremely tough day to trade. The news was bullish. The Bond sold. The flip flops in the slant of the news and reactions to such have led to very large intraday swings and retracements in the Bond market. Recession or inflation is the issue and it hasn’t been resolved to anyone’s satisfaction. The Bond’s soft close and structure does favor lower prices without news and renewed selling in the ES. Doubt if this week will resolve the news flip flops. Maybe the ES’s direction will.
F1 Comments: Market’s bias remains a bracket bounded by 115-00 and 119-00, basis June. The market has been trading between these levels in a day or two. Volatility is very high to say the least.
F2 Comments: It was a news day trade. The Bond reacted as one would expect w/the unemployment news. 118-12 held on the first rally up and the selling pressure steadily built into the ES’s day session opening. When the ES rallied off its opening, the Bond broke hitting 116-05 before buyers were found. The rest of the day was spent between 116-24 and 117-16 w/a close at 117-02. No scheduled news to drive Monday’s trading. Down to the weekend financial press and the ES’s reaction to this news. IF the ES is higher over the weekend, we want to sell the Bond and see if 116-16/20 can be taken out. If the ES is lower, we can buy too. First buy zone will be 116-21/25 followed by 116-07 OB.
F4 Comments: Analysis was to trade the news. Worked for 1st two trades of the day. Then the Bond traded counter to the early news.Another extremely tough day to trade. The news was bullish. The Bond sold. The flip flops in the slant of the news and reactions to such have led to very large intraday swings and retracements in the Bond market. Recession or inflation is the issue and it hasn’t been resolved to anyone’s satisfaction. The Bond’s soft close and structure does favor lower prices without news and renewed selling in the ES. Doubt if this week will resolve the news flip flops. Maybe the ES’s direction will.From the TradeMaven Software, Volume Weighted Pivot/Support and Resistance for Mon, 10 Mar:
