Three Thoughts
Heading into Friday I’ve got three ideas for you to consider. First is the major over/under level for the S&P, then a day trading idea in TGT, and finally a monthly play for AMD.
Archives: Daily Videos
What does today’s rally mean?
Whenever we have strong countertrend moves the question of “what does this mean” is inevitable. The answer? It all comes down to the context of the trend and if it is still intact. In this update, I share how and what to do to continue to monitor the structure of the trend.
15 Minute Roadmaps
The nature of the recent market has been a little more accommodating to a short term approach, and there were two 15m Voodoo Roadmaps that made for nice trades today and are worth reviewing.
Macro Market Deep Dive
Keeping the focus on the downtrends, it is important to follow the process of discerning a retracement versus a reversal. In this update we review our process, the reasoning that could be behind the recent rally, and how to manage this kind of volatility.
Topsy Turvy World
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Topsy Turvy World
In this video we look at the crazy move we had off the FOMC minutes today. We are looking like we want to bounce higher, and we do appear to be finding a bottom. Is this a head fake and can we trust any bounce? We talk about both scenarios, and neither is great. Next, we go into the details of what needs to happen to have a meaningful turn and I do not think we are there yet. We talk about how to trade this garbage market and I show another trade I did today in the main (Options Gold) room.
Stop the Insanity
In this video we look at the crazy move we had off the FOMC minutes today. We are looking like we want to bounce higher, and we do appear to be finding a bottom. Is this a head fake and can we trust any bounce? We talk about both scenarios, and neither is great.
Where’s the Bear Market Headed?
Take a peak at Joe’s ultimate levels of resistance in our bear market. See how he’s playing the chop in the short term while setting up big potential bigger gains in the long term.
Time to Melt Up?
Tonight I want to prepare for the possibility of a relief rally/melt up that we will want to be looking to sell into should we get such an opportunity. As usual, I do try to prepare for either direction with targets on both sides.
Reversion to the Mean
Wednesday’s rally saw a sharp snap back for several names, but at least in this moment, these trends are still intact. Let’s look at how we define that technically and how to take advantage of it.