MCD with a Squeeze
In today’s video I walk through the Daily, Weekly, and Monthly chart and talk about a few different trade ideas to consider on MCD if it can hold up through the news this week.
In today’s video I walk through the Daily, Weekly, and Monthly chart and talk about a few different trade ideas to consider on MCD if it can hold up through the news this week.
The roll is on as of today and we have a big week ahead with CPI, FOMC & more. Tomorrow we get the first of the meaningful week’s numbers followed by FOMC Wednesday and then the ECB & BOE Thursday. That’s enough to make a difference.
Wheat, Coffee, NatGas are Rocking while the indices are Rolling. We are rolling the stock index futures from the December ’22 to the March ’23 and there is quite the premium to price in. In the ES the premium is +32 points and about +200 in the YM. Commodities are Rocking the house!
Quick hits & drama free fell in love and had a baby. And this is that baby.
I have been using Quick Hit charts to finesse the Drama Free entries and more often than not, it’s glorious.
With the breakdown of the rising wedge and 60min bear flag, suggest that price may test 3850.
It isn’t taking that much for the market to fizzle out. I still like the /ES daily chart now that we have some support and a squeeze, but is this something that we should buy or sell? It is the month of December and sometimes the market surprises to the upside. In today’s video I give a broad overview in this pong-pong of a market.
Hey folks, today I give a broad overview of my expectations and things to look out for in the next coming weeks. We clearly have a floor and some support, but is it enough? I’m super cautious here, let us discuss.
So much of next week’s decisions will likely be dependent on the Fed and their decision with interest rates. Two of the markets that should see the impact of that are the US dollar and Bitcoin. Let’s review those patterns and what they might mean for equities.