Archives: Daily Videos
Bulls’ Wildest Dreams
Markets have seen a very strong week, adding to gains from the prior three weeks. The news flow is good and the technicals are even better. Everything I would look at would imply this is a regime shift and that bulls are solidly in control and will remain that way. There is only one technical pattern that might cause them a problem. For now, everything is aligned in the bull camp from the indexes, to credit, to dollar, and oil. The only new thing is reviewing whether semis (which are the most important part of the market) went too far too fast as of today.
SPX Hits New High, Then Flushes 90 Points. Bull Trap Or Breakout Setup?
Here’s why traders should ignore the news headlines and focus on technicals, especially with the put/call ratio dropping into extreme bullish territory. Upside may be limited, with SPX likely to get stuck in a range. Or… is it due for a mild pullback before targeting higher fib extension levels?
SPX Nears Major Fibonacci Target (1% Away). What Next?
Two weeks ago I put you on a bullish path for SPY. I didn’t know it was only going to take 2 weeks, but we’re now only 1% away from our targets, having made a 5% advance from our conversation. This is the kind of precision traders dream about. Now, where does the SPX go next, and how do you trade it without getting chopped up?