Grinding Higher-- ES Close Above 2000 @2001.25

Well finally we are at the end of August, I'm happy to get back into some more normal trading than allot of this low volume more like slop and chop lately.  The Bonds and Notes continue to go higher and really if your able to this would be one great swing trade or really long term trade that I would hold to possible the end of the year. Yes,  we are getting up there in the 30 year to pushing all time highs but we still have more room to go higher. So enjoy the ride! :)

I'm looking for the NQ to stay strong and keep leading in strength the indices, as the ES, TF and the YM continue to move higher. Now from a intraday basis for you day traders I'm looking for next week to be kinda of a slow week again before things really start picking up with the volume once into the 2nd week of September.

**Also,  take note that indices will be rolling over to there front month contracts so watch the volume  if your holding onto some last minute positions and lets roll over as we trade into next week**

Have a Great Labor Day Weekend!

-david

S & P 500 Breaks 2000--- Looks to grind higher along with the Bonds and the Notes

Kinda of a choppy day today if you were trading it but nonetheless the bulls were leading and breaking the 2000 level closing just below it back into consolidation. Now that we are getting out of August I expect to see more volume return to the markets and start seeing allot more activity now that the doldrums of summer are about over. Hello Fall baby!  goodbye Summer... :)

Have a great week everyone,  will talk to you soon!

-david

ES, YM, and NQ Set to Go Higher, Bonds may take a break

The markets are moving this morning with the Dow up 160 points last I looked, the majority of the gains where in the overnight futures session as the market gaped up pretty big from Sundays open at 4pm EST.

Personally, I believe this rally is still intact, the bears are and will be getting squeezed which means more short covering and should push this market higher.  Fed Chairmen Janet Yellen will be speaking Friday, but the Fed even with pulling back their bond purchases is not going to allow all this monetary stimulation they've been doing to so easily allow the bears to destroy all the confidence in more money flowing into to stocks. This goes hand in hand with Japans inflation missions to see the Yen continue to flood the markets driving the Yen lower and stocks much higher.

** also take notice that FMOC is this Wed, 2pm EST. So close your positions and wait for the news to come out I would suggest **

happy trading,

-david