Don’t go chasing waterfalls.
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Don’t go chasing waterfalls.
In this video, we look at the continued selling and the waterfall effect we are seeing since Powell spoke at the Jackson Hole Summit. The market is factoring in more rate hikes and wrestling with whether we see higher or lower inflation ahead. All of this means that we are very likely to have more volatility in the weeks to come. We take a look at the upcoming dates of economic events for clues as to when things might calm down. Lastly, we go over 2 trade ideas that risk very little and were nice winners.
How low do we go?
In this video, we look at the continued selling we are seeing, since Powell spoke at the Jackson Hole Summit. The market is factoring in more rate hikes ahead and wrestling with whether we see higher or lower inflation ahead. All of this means that we are very likely to have more volatility in the weeks to come. Lastly, we look at the upcoming dates of economic events for clues to when things might calm down.
The Mid-Week Shuffle
Low for the move made today, mid-week on a Wednesday. Bearish target achieved. Question now remains, was this the low for the bounce to our bullish weekly target? I’ll lay out a plan for you to follow in tonight’s market update.
Talking Tesla
Tesla is a great product for options traders, and based off the way it closed on Wednesday, should at minimum have one more leg lower.
Today’s Break and How the S&P’s Make Their Low
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All indexes are below their 50SMA — What now?
With the indexes closing below the 50SMA, within my trading plan I’d better have some short trades on, and here are some short setups I am watching.
Trend, Prints & Pattern — all the elements I needed for a high probability bet.
LVS just had a 3.4 million share transaction today against a resistance level with a bearish engulfing candle pattern on above average volume. It may just be time to place a bet to the short side.
TSLA has retraced to the zone
This is a follow-up on the TSLA setup from last week and what the setup is now that TSLA has pulled back to the Wave, the regression to the mean that we were waiting on post-split.
Is it really down from here?
The indices continue to adjust to a 1/4 higher target rate than was expected for most of 2022 and that will cause weakness. However, does this mean the path of least resistance is lower? Not yet.