Late sell prints, RAF Pro sell signal and VooDoo Fireline OH MY!!
There are several sell signals in XOM & here is a breakdown on why I am targeting $90.
Archives: Daily Videos
Pressure Points: VIX, Bonds, and XLK
These three symbols can tell traders a lot about where markets are likely to head next and what levels we need to respect. May is over, and the end-of-month rally seems to have stalled.
Did the May rally change anything?
In the corners of the market that matter—the high concentration weighted sectors in the indices—not enough despite the rally that attempted to predict that the Federal Reserve would change its policy tone and action. Breaking down the indices into the sectors and stocks that move them is the best path to clarity in this retracement, and in some cases, chop.
Key charts are pushing further above support.
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NQ Voodoo Fireline Signals Short-Term All Clear
Wednesday night the NQ futures established support above the Voodoo Fireline. Pushing away from this level gave a short-term all clear for bulls to step in. But it’s still too early to declare a long-term bottom in place.
Bear Pelts
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
To Trap Or Not To Trap? Part II
The trap is sprung and it looks correct. What’s that mean? Let’s review.
Hot Air Rising
In today’s video I extend my argument for the market continuing to trade higher next week. Yep, it’s that straightforward when you look at the Voodoo Lines.
Sideways To Up Next Week?
The market is tempting to push higher, and so here are my thoughts on what next week’s level for a move higher are. In this video I base it off of Fibs and Voodoo Lines.