Bulls Trapped Again
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
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.
In this video I discuss a very interesting repeating pattern I’m picking up from June to July. Next week we have CPI and PPI, following thereafter we have earnings and mid-term elections. Folks, it may not be popular, but if you want catalysts for a short covering rally into November then check out this video. In other words, this cowboy ain’t following the herd.
In today’s video, I speak on market volatility, and the chance of a continued short covering rally. Yes, I said it, it’s not popular, I get it, but in this video I discuss a pattern with symmetry that we have from June. I think it’s worth being aggressively long for a short covering rally into November. It may take some time, so here’s my specific levels worth paying attention to for this to happen. Have a great weekend.
This week’s bounce in the NASDAQ-100 index failed to get back to important resistance and that sets up a move to even lower levels.
There may be no reason to buy anything in this market, but if there is, I want to find the best chart, then try to use the best strategy. This is one take on that perspective in the still leading provider of streaming content, NFLX.
In tonight’s video newsletter we begin with some of the most important macro forces driving the market, move into the internals that drove today’s action, then start looking at a few swing ideas I’d like to pursue into November.
Now that we have OPEC’s intention priced into crude oil, is the short sell setup still valid? I explain how and why in this update.
In this update, I walk through the specific setup levels for November Crude Oil, how to trade the downtrend in Bonds, and yet know when bonds may bottom and finally, how bonds could move the S&P and the NFP impact considerations.