Introduction Meet Obafemi, a futures trader from San Jose, California, who successfully completed his OneUp Trader evaluation using a momentum trading strategy. Let’s learn more about this trader’s style, routine and why he chose the OneUp Trader funded trader program. Trading Approach Obafemi’s trading approach can be defined as momentum-driven. He identifies the market’s direction Read More…
Equities plummeted on Tuesday after downbeat manufacturing data sent investors scrambling for safety. At the same time, experts believe the decline came as investors dumped equities at the start of a historically poor month. Data on Tuesday showed a bigger contraction in the US manufacturing sector than expected. The ISM manufacturing PMI showed a contraction Read More…
Trend Analysis: The weekly chart for the S&P 500 (ES) futures has been surging alongside all other US equity markets since November of 2023. After a recent break below the trend line, the bulls stepped back in, and the price began its upward movement once more. We should not get euphoric though, there is a Read More…
Equities rose on Monday, adding to last week’s gains as markets priced in a Fed rate cut at the September meeting. At the same time, risk appetite improved since data last week eased fears of a looming US recession. S&P 500 weekly performance (Source: Bloomberg) Equities closed the best week of the year on Friday, Read More…
Monthly Chart The monthly chart gives us a good idea of where CL has been sitting since the start of 2023. The longer the price sits in the tight range the stronger the break out will be but at the moment CL is being pushed around a lot by fundamentals. The volume profile point of Read More…
Equities fell slightly on Monday but made new highs as fears of a US recession eased. At the same time, market volatility decreased as panic reduced and investors focused on the upcoming US inflation reports. The panic and fear that caused turmoil in the US equities market have recently subsided. US policymakers have called for Read More…
