Calm before the storm?
Things have been extremely quiet for the last four consecutive trading sessions. I’ll pick a side and explain my reasoning in tonight’s market update.
Archives: Daily Videos
Ready for a Rebound
Stocks have been weak most of the week, but the next 2 days could have a slightly different tone. Depending on what NVDA earnings look like, this is the plan I’d like to take into Thursday.
Rotation Into Expiration
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I Am Still Leaning Long The Pot Stocks That End With F
At this time of year, stocks with decent patterns are more likely to break up. The pot stocks, like GTBIF, have already turned the corner.
We’ve Reached Key Resistance Levels — Are We Done?
Remember, it’s not what is happening now, but what the market thinks will happen 6 months from now that is important.
The Next Catalyst
With setups brewing in the Euro, gold, and bonds, here are setups on the daily timeframe that are on my radar.
Why the bulls are in charge.
It’s been the same story nearly all year, new lows are triggering short squeezes; however, what does the overbought S&P say about the short side now?
Voodoo Fireline is just one element of NDX resistance
Today saw the NDX rally into multiple layers of Fibonacci, Voodoo Lines, and channel line resistance. The Voodoo Lines road map will help identify where it could go from here.
Planning for Turbulence
The question is likely, Was that the retracement or is there more ahead? If more, how much and what kind of targets can we try to plan for? Let’s take a look at that in tonight’s market update.