In this video, I walk through the Daily Chart on GOOGL and point out some of the technicals indicating weakness that GOOGL could continue to roll over. I also discuss some trade ideas, as well as being mindful of risk with the uncertainty around FED news this week.
In this video I walk through a SPX Compound Butterfly I opened to hold this week. I discuss why this is a great strategy to consider during FED new events and things to be mindful of when setting up the trade.
FOMC week this week. Wednesday will be the day that matters. Thursday holds a close second w/ the JOLTS jobs report. Other than that, all I see is that the tape still says higher, so with that I will try to find our next target.
The reason behind the bid in the grains is unfortunate but the bid itself is good. Wheat, Corn, and Rice rally smartly, as does Nat Gas. Additionally, I see something in the Bonds that we may want to be prepared for. I’ll point all of this out in tonight’s market update.
Poorly received earnings from AMZN last week sent the stock right down to its Voodoo Fireline. That level is now an important decision level for the stock.
The hourly S&P futures charts MIGHT be a bull flag, but a tiny breakdown would invalidate the entire bullish pattern.
In today’s video I give an example of us mirroring the last move that brought the /ES up to the 200 simple moving average just like early spring of this year. It’s an argument for this continuation to be considered to be just getting started. A big characteristic of bear markets are crazy bullish rips. This video is about just that. I discuss a complete repeat of a certain pattern we had earlier this year.
The week before Halloween has been ultra-spooky for the bears. In this video I discuss the dynamics involved for a short-covering rally for next week as well. In the past couple weeks my analysis has shown that we shouldn’t be shy to the long side anymore. My next target on /ES is 4,000+ for a continuation as we head into November. Big Tech earnings didn’t exactly make the market go belly-up and so I think we have found a limit-case scenario for the bears, let’s discuss.
