In today’s video, I speak on market volatility, and the chance of a continued short covering rally. Yes, I said it, it’s not popular, I get it, but in this video I discuss a pattern with symmetry that we have from June. I think it’s worth being aggressively long for a short covering rally into November. It may take some time, so here’s my specific levels worth paying attention to for this to happen. Have a great weekend.
This week’s bounce in the NASDAQ-100 index failed to get back to important resistance and that sets up a move to even lower levels.
There may be no reason to buy anything in this market, but if there is, I want to find the best chart, then try to use the best strategy. This is one take on that perspective in the still leading provider of streaming content, NFLX.
In tonight’s video newsletter we begin with some of the most important macro forces driving the market, move into the internals that drove today’s action, then start looking at a few swing ideas I’d like to pursue into November.
Now that we have OPEC’s intention priced into crude oil, is the short sell setup still valid? I explain how and why in this update.
In this update, I walk through the specific setup levels for November Crude Oil, how to trade the downtrend in Bonds, and yet know when bonds may bottom and finally, how bonds could move the S&P and the NFP impact considerations.
In this video, we discuss the crazy rip higher we had starting on Monday morning and try to figure out where it may go from here. Only a few days again, we took out the low of the year for the second time and it looked like we were really going lower, only to get a face ripping rally. Is the downside over and how can we tell?
In this video, we discuss the crazy rip higher we had starting on Monday morning and try to figure out where it may go from here. Only a few days again, we took out the low of the year for the second time and it looked like we were really going lower, only to get a face ripping rally. Is the “bottom in”? Is the downside over and how can we tell? We discuss upcoming events that will give us clues and also look at an “end of day” trade for a profit today.