Incoming /ES 3750
In this video, I discuss what to look out for as we head into the next week. This week’s movement gives me notes of more selling. Let’s be sure to look out for a false flag bullish trap on Monday.
Archives: Daily Videos
When a Cheap Stock Isn’t Cheap
As AAPL and AMZN continue to slide it may start feeling like prices are “just too cheap” and can be acquired at a discount. I’d caution against that way of thinking, and instead focus on patterns that very much appear ready to break.
What’s it Take to Not Break
Given what happened in Thursday’s session equities appear prepped for lower prices. There’s only a few things that prevent this scenario, and we’ll take that from a top down approach in tonight’s review.
The Big Red Candlesticks Took Indexes to Big Support
The reversal patterns from the last few days led to a sharp sell-off in U.S. and world markets. The area where markets closed needs to hold, or they could go far down to the next levels of support.
Does today’s sell-off change anything?
The weakness in the trend is different than the weakness in chop. Here are the trends and the pullbacks that are buy-the-dip worthy.
What does this sell-off mean?
It depends on where we look. There are not oversold support levels to watch as well as Buy the Dip opportunities. I explain where and why in this update.
What’s for Dinner?
In tonight’s video review I want to look at some of the best monthly charts out there, and areas where we may see the next phases of leadership. They’re not what you might expect, but are worth keeping on your watchlist.
Reversion to the Magnet
Reversion to the mean is a concept we work with often, but several weeks ago I began working on a “Reversion to the Magnet” concept with you. Given the SPX closing at 3995 today, this is an idea worth revisiting. Let’s start there, and see what it might be telling us about movement into the witching expiration.
Reversion to the Magnet
Reversion to the mean is a concept we work with often, but several weeks ago I began working on a “Reversion to the Magnet” concept with you. Given the SPX closing at 3995 today, this is an idea worth revisiting. Let’s start there, and see what it might be telling us about movement into the witching expiration.
Always Respect the Big Red Reversal Candlesticks
The Fed staying slightly hawkish helped stocks to sell off from the big red reversal candles from the day before.