Archives: Daily Videos
Everything Looks Bad Except One Chart
The whole board is neutral except one thing: my Mag 7 index is reading 99 out of 100 while the S&P 500 sits at dead zero. Next week is Fed plus quarterly OPEX, so I walk through the primary long on MAGS, the escape plan in IWM puts if they hike, and one energy name if the market falls apart.
We Either Squeeze Or Roll
More Of The Same Action
Nobody Is Panicking Yet, That Can Change Wednesday
This morning’s hot PPI report is putting pressure on the markets while the chance of a rate hike goes higher. With only a few days to go until that rate announcement, I think it’s worth sitting out of any long term trades and sticking to day trades until we have a clear direction on the market.
Out of Gas, Long on Oil
Is SpaceX Ready To Rip Into Friday?
SpaceX has done the full round trip since the IPO: the run to nearly $230, the drawdown that bled retail out, and now a bottom. SPCX has recovered the 21 EMA and the anchored VWAP off the lifetime high, with a squeeze building underneath. I am looking for a rally into Friday.
Looking For Spots To Buy
This Is Where Stocks Roll Over And Die
We gapped down, chopped and closed near the lows, with the Nasdaq holding up better than the S&P. SanDisk tagged $1,800 and gave most of it back, which is exactly what this stock does, and I see real support around $1,700. If we gap down 40 or 50 points tomorrow I want to be a buyer there.