Bears go 4 for 4
We’ve seen a lot of these 4 or 5 day selling sprees find support. Is this one different or do we once again look for the bounce? Let’s take a look in tonight’s post-market review.
We’ve seen a lot of these 4 or 5 day selling sprees find support. Is this one different or do we once again look for the bounce? Let’s take a look in tonight’s post-market review.
Silver continues to look interesting. Nat Gas got hammered but I’m buying it. Coffee survives the covered calls. Bonds are a patience game. Rice gets the nod and moves.
We started Monday’s session with an eye for lower prices. Now that those targets have been met, is it time for a bounce? I think there’s a fair chance, but I’m going to let price prove it to me first.
The SPX and NDX are close to filling their gaps from the positive CPI report in November. I will now be looking for stocks already at support, and showing relative strength, for buy ideas.
AMZN has several different technicals and time frames that look weak and could spark a new run to the downside and in turn could create new lows for the year. In this video I walk through the charts and data and talk about a couple of different trade ideas to consider to play the move lower while keeping risk small.
AXP is looking weak across multiple time frames with a couple of different signals saying this could potentially move lower. In this video I walk through the different time frames, what to watch for, and several different trade ideas to consider.
We knew this week was likely a wild one with CPI, FOMC, ECB, BOE, OPEX, etc… The week did not disappoint. Let’s review how we got to where we are now and what that has us thinking about the next leg.
Some major technical changes to the market that we need to review before next week.