The Next Round of Big 3 Trades
Uneventful day. Maybe the S&P will have one more push? IWM, QQQ, AMZN, leading sectors are overbought but also neutral; we’re starting to lose momentum.
Uneventful day. Maybe the S&P will have one more push? IWM, QQQ, AMZN, leading sectors are overbought but also neutral; we’re starting to lose momentum.
The Fed’s dual mandate has one of the two on lock after last week’s NFP report. We are set to learn more about the other this week when we get the CPI & PPI reports. Trade plan in tonight’s market update.
I think it’s time to start waking up to a fresh coffee position once again. That and a few more ideas in tonight’s market update.
The Voodoo Lines use a unique method of Fibonacci analysis to project important levels of support and resistance. This includes the Voodoo Treeline which help up NVDA today when it sold off after pre-announcing a revenue shortfall.
Interesting strength showing up in the IWM. That coincides with strength in the high-beta-sh*t index and may lead to some big short squeezes in the weeks to come, let’s dive in.
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 why we should anticipate selling for next week, and why I think you should be paying attention to corn futures.
In this video I discuss why we should anticipate selling for next week, and why I think you should be paying attention to corn futures.