In this video, I walk through a more aggressive way to consider trading AMZN earnings given the strong gap moves it has seen around all the prior earnings this year. I also walk through a way to help keep the cost a bit lower but still play for a bigger move in potential volatility.
This week, we will hear from all of the majors including AAPL, MSFT, AMZN, META, & GOOG as well as a host of other honorable mentions. With that, I’ve laid out a plan in hopes of it helping navigate the volatility that lies ahead.
I see a couple of things setting up and would like to narrow the focus somewhat to what is working. Let’s get into that in tonight’s market update.
This is the best chance for a short squeeze yet. We have central bank interventions, elections, seasonality, and early technicals… let’s go over the gameplan.
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 my argument for a re-visiting of the daily 100 and 50. This comes at an odd time because not only do we have earnings expectations that could be expected to be poor, but heading into mid-term elections, what if the script changes? Bullish on the short-term into the mid-terms? You bet! Let’s discuss the possibilities and the probabilities.
In today’s video I discuss how we are on track to hitting the infamous 50% retrace to the /ES level of 3838.5. Fibonacci is one of my favorite things and I think today’s close proved that we should at least tap it a few times next week with all the implosion and explosion of earnings volatility.
For possible large moves it can be useful to do Fibonacci work in log space. Let’s explore what that means.
