A Blip or a Break?
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Archives: Daily Videos
August Expiration
Bears have had several opportunities to step in and shift the trend but haven’t been able to do it. If that’s the case again tomorrow, we may see SPX move into the psychological value of 4300.
Slow and Sloppy
The S&P has had moments where it looked ready to break, but buyers continue to creep back in. Not with much conviction, but with enough to keep things from falling apart. Let’s look at that and where it leaves us on our path into Friday.
The Daily Timeframe & FOMC
The uptrend in price and macroeconomic trends point the way to the upside. Regression to the Mean aka Buy the Dip is the game plan.
Regressions to the Mean
Here are the setups I am watching as the market prepares for hikes to December and the trends that are in place now that we can buy the dip.
FOMC minutes time again
In this video, we look at today’s FOMC minutes and the whiplash market reaction. We have been getting huge daily swings in both directions which makes it very hard to get on the right side of a trade. This market is a grinder and will take out shorts as well as longs so we must be careful. We look at levels and where we might go in this video as well as upcoming events to be aware of.
Grinder
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Easier To Trade The Volatility?
In this video, we look at today’s FOMC minutes and the whiplash market reaction. We have been getting huge daily swings in both directions which makes it very hard to get on the right side of a trade. This market is a grinder and will take out shorts as well as longs so we must be careful. Does this mean we can’t trade this? Of course not, and in some cases, it may even be easier to trade the volatility. We go over a trade idea that we used for BIAS and had to tweak several times. Lastly, we look at levels and where the markets might go in this video as well as upcoming events to be aware of.
Patience, Grasshopper
Sideways grind at these levels but I do have a plan. It requires neutral for now with patience and a plan to strike when the opportunity arises. Levels in tonight’s mid-week market update.