Anthony Crudele

Former S&P Pit Trader | 25+ years of Futures Trading | SVP @NTLiveMedia

[Anthony Crudele @AnthonyCrudele]

@Emmonspired 🥃

[Anthony Crudele @AnthonyCrudele]

One of the hardest things for me as a young trader was learning to let shit go.

You make endless decisions, put pressure on yourself, and carry stress you don’t even realize is there.

It’s Friday night. Let it go. Enjoy your life.

We trade to live. We don’t live to trade.

[Anthony Crudele @AnthonyCrudele]

@RIPS Cheers Rips 🫱🏼‍🫲🏻🥂

[Anthony Crudele @AnthonyCrudele]

@LeoTheTiger Love you Leo 💙

[Anthony Crudele @AnthonyCrudele]

@johnscharts 🙏🏼🫱🏼‍🫲🏻

[Anthony Crudele @AnthonyCrudele]

@apterostrading @merrittblack @NTLiveMedia ☝️

[Anthony Crudele @AnthonyCrudele]

@SundayR5250 Pretty much. I rarely day trade anymore, but I do occasionally. I am looking forward to single stocks getting more liquidity as I have been trading stocks these days too.

[Anthony Crudele @AnthonyCrudele]

Simple trend check: YTD AVWAP + std dev bands. NQ held its AVWAP but can’t reclaim 29,800. Dare I say we could round trip? Still bullish, but could see a 1,000pt + rotation. 29,800 remains key resistance.

IMHO grindy rally to new highs only comes if we stabilize above 29,800.

[Anthony Crudele @AnthonyCrudele]

The story this morning is simple. The indexes are starting to work together again and they are working together to the upside.

The rotations are shrinking. Even when the Russell starts to slow down it is not going negative versus the Nasdaq. The Dow is not diverging like it was. We just have a market that is now grinding higher across the board and as I said last week, that was a really good low for the Nasdaq. Now we have a new month. August opened up and all the indexes went up together on day one. It is really hard to fade that.

As long as we hold the opening from yesterday, the first trading day of August, I think it's buy the dips across the indexes. The Nasdaq still has work to do. It has to clear 29,800 on a daily close and then it is look out above. But the setup is building. This could be a really good month for stocks.

Gold is also starting to participate and that is worth noting. Technically gold still does not look great to me. But it stopped going down and I think it has found a short-term bottom. Gold does not need to bottom the way indexes do. You do not need a capitulation washout. It can just quietly stop going down and start grinding higher. That seems to be what it is doing right now. It looks like it is tied to the equity trade in the near term and as long as equities keep going higher gold is going to follow. I still do not love gold long-term but short-term it is no longer a sell the rally trade the way it was a few weeks ago.

The bond market has also slowed down and that is a good sign for equities. Bonds do not need to put in a capitulation low either. They can just sit here for a while and that might be exactly what they do.

Everyone is so worried about higher rates and what that is going to do to stocks. I think the equity market is saying hold my beer. Unless bonds really fall out of bed and I mean hard, something like sub 106 or even 105, I do not think the rate story matters right now. The equity market has looked at elevated rates and decided not to care. I have been somewhat hesitant to say that myself but the price action is telling you that.
And then there is Palantir. Up 16% yesterday on earnings. The AI story is still intact. Fade it at your own peril.

Catch me live at 8 ET on @NTLiveMedia — full market breakdown, what I’m watching, and what’s next.

📷 Watch live here: https://t.co/q1Ub1CG2By

Want this in your inbox every morning? It’s free: https://t.co/ZFla3NtPSq

Cheers, DELI

[Anthony Crudele @AnthonyCrudele]

@SundayR5250 These days just the daily with the YTD AVWAP. I have this on all charts, even stocks. I used to use intraday ones too but I don’t day trade anymore.

[Anthony Crudele @AnthonyCrudele]

@salmaogs 🙏🏼😘 I’m long QQQ so I’m really keeping a close on this NQ chart

[Anthony Crudele @AnthonyCrudele]

@BlacklionCTA GM 🫱🏼‍🫲🏻

[Anthony Crudele @AnthonyCrudele]

@PipCzar 🙏🏼🫱🏼‍🫲🏻

[Anthony Crudele @AnthonyCrudele]

@ajtradinglucid @raknofx 😂

[Anthony Crudele @AnthonyCrudele]

@BrettSimba 👀

[Anthony Crudele @AnthonyCrudele]

@RealSimpleAriel 🙏🏼💪🏼 My best friend 🫱🏼‍🫲🏻

[Anthony Crudele @AnthonyCrudele]

Everyone’s searching for shortcuts on their path on social media. PNLs, lifestyles, hot takes, all of it.

The best advice I’ve ever gotten, the best teacher I’ve ever had, wasn’t even someone in markets. It was my dad.

He told me: if you want it that bad, figure it out. For everything I’m doing in my life today, I think that way.

Focus on what you need to do day in and day out. Hone in on that. Take control of your actions and take responsibility for what you do. Do that and you will get better. You will achieve the things you want.

That doesn’t mean stop learning from other people. There’s so much good out there on socials and elsewhere.
But you need deep introspection into yourself first. You need to find a way to beat all the noise.

Be honest with yourself. You need to be a little obsessive about this business, hyper focused on your trading, if you want to make it.

Get your priorities straight. 🙏🏼💪🏼🚀

Cheers, DELI

[NinjaTrader Live @NTLiveMedia]

There's a reason traders still study the legend himself, and this is the best place to start.

Larry Williams breaks down his approach to short-term trading and it's all in one place. 🔥 🔥

Check out Larry's Trader Profile Here 👇 https://t.co/DumZ2hzQbs

[Anthony Crudele @AnthonyCrudele]

@_ms_izzy 🥂

[Anthony Crudele @AnthonyCrudele]

@ZeroTreeFox No doubt

[Anthony Crudele @AnthonyCrudele]

The story this morning is simple. The indexes are starting to work together again and they are working together to the upside.

The rotations are shrinking. Even when the Russell starts to slow down it is not going negative versus the Nasdaq. The Dow is not diverging like it was. We just have a market that is now grinding higher across the board and as I said last week, that was a really good low for the Nasdaq. Now we have a new month. August opened up and all the indexes went up together on day one. It is really hard to fade that.

As long as we hold the opening from yesterday, the first trading day of August, I think it's buy the dips across the indexes. The Nasdaq still has work to do. It has to clear 29,800 on a daily close and then it is look out above. But the setup is building. This could be a really good month for stocks.

Gold is also starting to participate and that is worth noting. Technically gold still does not look great to me. But it stopped going down and I think it has found a short-term bottom. Gold does not need to bottom the way indexes do. You do not need a capitulation washout. It can just quietly stop going down and start grinding higher. That seems to be what it is doing right now. It looks like it is tied to the equity trade in the near term and as long as equities keep going higher gold is going to follow. I still do not love gold long-term but short-term it is no longer a sell the rally trade the way it was a few weeks ago.

The bond market has also slowed down and that is a good sign for equities. Bonds do not need to put in a capitulation low either. They can just sit here for a while and that might be exactly what they do.

Everyone is so worried about higher rates and what that is going to do to stocks. I think the equity market is saying hold my beer. Unless bonds really fall out of bed and I mean hard, something like sub 106 or even 105, I do not think the rate story matters right now. The equity market has looked at elevated rates and decided not to care. I have been somewhat hesitant to say that myself but the price action is telling you that.
And then there is Palantir. Up 16% yesterday on earnings. The AI story is still intact. Fade it at your own peril.

Catch me live at 8 ET on @NTLiveMedia — full market breakdown, what I’m watching, and what’s next.

📷 Watch live here: https://t.co/q1Ub1CG2By

Want this in your inbox every morning? It’s free: https://t.co/ZFla3NtPSq

Cheers, DELI

[Anthony Crudele @AnthonyCrudele]

@Desi_Trade Nice! 🫱🏼‍🫲🏻💪🏼