Margin call Monday?
In this video I discuss the Thursday air pocket and the overall rate hike reaction heading into Monday.
Archives: Daily Videos
Looking lower in the S&P 500
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Sentiment of the SPY
Thursday brought one of the more bearish sessions we’ve seen all year, and the selling is likely not done yet. We’ll see what Friday’s employment data brings, but until this sentiment reading makes a new high, equities are likely to be under pressure.
How Much of a Bounce?
Stocks took a beating on Thursday and while the selling is likely not over, we very well could see a bounce into Friday. Here’s the levels that I’m keeping tabs on as we head into April’s employment data.
How to daytrade through economic events.
FOMC and Powell have sent the indices on a two-day rollercoaster ride. Here’s how I measure sentiment as well as gauge strength or weakness on these very volatile days. When you have some great measuring sticks for support and resistance, it sure does help.
Macro Market Deep Dive
The end of April reminded trend trades how abruptly strong macroeconomic trends can be broken. However, the upside is that the focus becomes even sharper for setups where the trends were able to remain intact. There are still daily timeframe trends that are worth sticking with despite the volatility in the indices.
Run for the Roses
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Run for the Roses
In today’s video, we break down the crazy “relief” rally we had today after the FED meeting and Powell’s comments. With the Kentucky Derby this weekend I have to say today was a “Run for the Roses” as we ripped higher by 161 points in the ES and took out a lot of shorts. Every time I think we have seen the wildest moves, we get even more. Where do we go from here? We discuss the reasons we could have more upside and/or an eventual pullback. We also look at an EOD trade as well as a very cool 8.6 MM trade taken today.
Relief Rally or Disbelief Rally
In today’s video, we break down the crazy “relief” rally we had today after the FED meeting and Powell’s comments. We ripped higher by 161 points in the ES and took out a lot of shorts. Every time I think we have seen the wildest moves, we get even more. Where do we go from here? We discuss the reasons we could have more upside and/or an eventual pullback.
Fed Day Chop Fest
The market chop did not disappoint leading up to Fed announcements. Join Joe Rokop as he covers the market action for the day and even covers some of his overnight positions on the Nasdaq and the S&P 500.