Despite earnings disappointments from big-tech names, the bulls made some serious progress in the structure of the charts next week. Let’s discuss the roadmap that could see the SPX heading into 4,000 over the next few weeks.
With big-tech earnings behind us, the bulls go into the weekend having made some notable progress in the structure of key charts. From here, we’re looking for the potential of an August-like rally.
Many have asked how tech earnings can be so bad, and the market still close positive. I’ve got a few reasons I’d like to run by you, and considerations for a trade next week.
The underperformance of the bond markets is a big warning sign for the equity markets. I would love to find some short ideas here, but as the video explains, we need to see bearish patterns, on short-term timeframes, develop first.
A couple weeks ago we spoke about one of my favorite measures of sentiment, and what to look for when we might see that sentiment shift. That came through this week and was a big part of what prevented a further advance in equities.
Last week I was working with a theme that equities could be under pressure. A big part of that has come through via recent earnings but a big part of that has been eased with a lower US Dollar. There’s a lot to unpack tonight; let’s dive in.
Volume bases support and resistance can offer an edge on anytime. In this update I walk you step-by-step through the trades we took in the room today and why.
With the post-earnings sell-off in Amazon, does this change the NASDAQ and S&P trajectory?
Check this video to see how the Strikezone Crushed the market today buying the dead low and selling the dead high. Joe’s HVA’s served as perfect support and resistance today, mapping out a great read.