It isn’t taking that much for the market to fizzle out. I still like the /ES daily chart now that we have some support and a squeeze, but is this something that we should buy or sell? It is the month of December and sometimes the market surprises to the upside. In today’s video I give a broad overview in this pong-pong of a market.
Hey folks, today I give a broad overview of my expectations and things to look out for in the next coming weeks. We clearly have a floor and some support, but is it enough? I’m super cautious here, let us discuss.
So much of next week’s decisions will likely be dependent on the Fed and their decision with interest rates. Two of the markets that should see the impact of that are the US dollar and Bitcoin. Let’s review those patterns and what they might mean for equities.
A selloff in bonds from a key resistance area, coupled with worries about upcoming economic reports, led to a sharp sell-off.
The semiconductor industry is as critical as ever, but timing the trade is what it’s all about. Let’s look at that in tonight’s video, updating fresh signals showing up on the daily chart.
Equities have been especially fickle around economic data as of late, and Friday should be no different. PPI will hit the wire 1 hour before cash markets open, and these are the considerations I’m making ahead of that report.
Pullbacks buys, mean reversions, buy the dip… it’s back if you know where to look and how to measure it. Here is where the buy the dips are beginning to setup.
Let’s focus on trends since those give us the best edge and chance for follow-through. In this update, we get into why the Dow is moving higher and what the other trades it could signal are.
In this video, we look at the wild swings we have had in the last week. These are not normal moves, and they seem to be getting even more volatile. What is causing this and what could happen next? We look at the charts to try to make heads or tails out of it and we then look at the economic calendar for clues as to what is sure to be a huge event coming next week. You don’t want to miss next week’s trading as this will set the tone, up or down, for the end of the year.