The Pause That Refreshes
Did yesterday’s flush action create the necessary conditions for a slingshot rally into tomorrow? Let’s review the setups in $SPX and other stocks.
Archives: Daily Videos
Almost Out Of The Woods
Today the SPX recovered 61.8% of yesterday’s selling. Beat that level and it’s good again so let’s look at that and an idea in Nat Gas as well.
Weekly Review December 18, 2023 — December 21, 2023
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10 Steps Up and 1 Down
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10 Steps Up and 1 Down
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Extended Markets Finally Have a Break
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Will The Market Go Up Or Down?
In this video, we discuss today’s wild sell off that seemed to come out of the blue. This is the first sell off we have had in a while, and we flushed hard across the board. I can’t say it was totally unexpected as we are extended and knew it would happen sooner or later. As far as the SPX is concerned, we did stop at 4700, which is a solid support level and a good sign. Is this the start of a correction or an opportunity to buy the dip?
Buy The Dip?
Earlier this week we made a plan to buy a dip, should there be one. Remember the level? Almost there. Let’s rehash in tonight’s update.