TSLA About to Roll Over?
TLSA is looking weak and very similar to what happened in early November. In the video I discuss the chart and walk through two different trade ideas to consider.
Archives: Daily Videos
SBUX Movin’ On Up
SBUX has done a great job of holding above the 100 SMA as the market sold off this fall. In the video I walk through the current chart and discuss two different trade ideas to consider.
Big start for a slow week
Today was nearly something to write home about with the SPX down almost 2% and that to kick off what I anticipate as being a rather choppy range bound week. That said, the range is pretty wide. Let’s have a look.
Plans appear underway
We’ve had previous discussions concerning retracement levels for a number of tickers like Corn, Rice, Wheat, Cocoa, Coffee, & Cattle. These levels are now nearing largely across the board so we will soon find ourselves at step two which is execution and management of several of these ideas. Explanation in tonight’s market update.
One Piece of the Puzzle
There’s an infinite number of reasons as to why a stock might be moving, but one I want to be aware of over the next 2 weeks is that of max pain. Let’s look at two examples and why they may help describe the current environment.
Reversion to the Magnet (Reprise)
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Watch For the Pre-Powell Levels
With rate expectations returning to where they were when Powell spoke on Wednesday, markets could go back down to the pre-Powell levels. That would put the /ES at 3964.
Shake It Off
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.