Do We Die Here Or Is This Telling Us Something Different?
Consensus works right up until it no longer works…
Consensus works right up until it no longer works…
From support on crude oil and the trend retracement in the Dow there is still a lot to like about this market as volatility picked up.
From daily chart sell-offs in crude oil to pullbacks in the Dow and S&P and Energy, here’s what charts have my attention this week.
TLSA is looking weak and very similar to what happened in early November. In the video I discuss the chart and walk through two different trade ideas to consider.
SBUX has done a great job of holding above the 100 SMA as the market sold off this fall. In the video I walk through the current chart and discuss two different trade ideas to consider.
Today was nearly something to write home about with the SPX down almost 2% and that to kick off what I anticipate as being a rather choppy range bound week. That said, the range is pretty wide. Let’s have a look.
We’ve had previous discussions concerning retracement levels for a number of tickers like Corn, Rice, Wheat, Cocoa, Coffee, & Cattle. These levels are now nearing largely across the board so we will soon find ourselves at step two which is execution and management of several of these ideas. Explanation in tonight’s market update.
There’s an infinite number of reasons as to why a stock might be moving, but one I want to be aware of over the next 2 weeks is that of max pain. Let’s look at two examples and why they may help describe the current environment.