Bigger Picture, Do We Rollover Here Or Are We At Fair Value?
Keep in mind this environment is good for some companies…
Archives: Daily Videos
That was then. This is now.
How have expectations for FOMC hikes changed and how have markets responded? These are the levels to watch to both the up and down side.
Trading in 4D.
Without the confirmation of a breakdown in volume support, the indices continue to defy the gravity of the negative sentiment in this market.
GOOGL Lower?
In this video, I walk through the Daily Chart on GOOGL and point out some of the technicals indicating weakness that GOOGL could continue to roll over. I also discuss some trade ideas, as well as being mindful of risk with the uncertainty around FED news this week.
SPX Compound Butterfly
In this video I walk through a SPX Compound Butterfly I opened to hold this week. I discuss why this is a great strategy to consider during FED new events and things to be mindful of when setting up the trade.
Fed Directly Ahead
FOMC week this week. Wednesday will be the day that matters. Thursday holds a close second w/ the JOLTS jobs report. Other than that, all I see is that the tape still says higher, so with that I will try to find our next target.
Grains are Good
The reason behind the bid in the grains is unfortunate but the bid itself is good. Wheat, Corn, and Rice rally smartly, as does Nat Gas. Additionally, I see something in the Bonds that we may want to be prepared for. I’ll point all of this out in tonight’s market update.
AMZN’s Trial By Fire
Poorly received earnings from AMZN last week sent the stock right down to its Voodoo Fireline. That level is now an important decision level for the stock.
There is still a cluster of levels at 3936 in the S&P 500
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Will Markets Break Up or Down? The Opening Will Be the Key.
The hourly S&P futures charts MIGHT be a bull flag, but a tiny breakdown would invalidate the entire bullish pattern.