To Trap Or Not To Trap? Part II
The trap is sprung and it looks correct. What’s that mean? Let’s review.
Archives: Daily Videos
Hot Air Rising
In today’s video I extend my argument for the market continuing to trade higher next week. Yep, it’s that straightforward when you look at the Voodoo Lines.
Sideways To Up Next Week?
The market is tempting to push higher, and so here are my thoughts on what next week’s level for a move higher are. In this video I base it off of Fibs and Voodoo Lines.
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.
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
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.