I think it’s time for me to shift from overdrive to neutral. I don’t see a clear sell signal just yet but I am definitely looking around for signs because the structure left behind during this big run up has a lot of places that could stand to be repaired.
I’m back to stalking Coffee, Gold, Ag’s, Lumber and more. Let’s take a look at these in tonight’s market update.
In this video I discuss a few data points that allow me to be long once again. Even though it may not be as easy to call a low, it’s important to know that this market is a traders market and even though we aren’t searching for perfection, we can still come up with a pretty good case of expecting higher highs into September. Let’s discuss.
In this video, I review my talking points that suggests that after some cooling off, this market might be getting primed for Act #2, which would mean /ES 4500 into September. Let’s discuss.
I shared an idea with you last week that we would see a big short squeeze, let’s review how that went.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
A few weeks ago we used the Voodoo Lines and other Fibonacci tools to plot a bullish roadmap for ISRG. Let’s check back in to see how it is playing out.
The S&P tested some critical support today. If it’s still holding on Friday I think we’ll get a chance to buy it. If not, there will be a few levels to target below.
