Where’s the Bear Market Headed?
Take a peak at Joe’s ultimate levels of resistance in our bear market. See how he’s playing the chop in the short term while setting up big potential bigger gains in the long term.
Archives: Daily Videos
Time to Melt Up?
Tonight I want to prepare for the possibility of a relief rally/melt up that we will want to be looking to sell into should we get such an opportunity. As usual, I do try to prepare for either direction with targets on both sides.
Reversion to the Mean
Wednesday’s rally saw a sharp snap back for several names, but at least in this moment, these trends are still intact. Let’s look at how we define that technically and how to take advantage of it.
The S&P Wall At 4000
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Before I Embrace The Bullish View…
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Signs That Record Fiscal Tightening Program Is Wrapping Up?
It’s important to understand these particular tea leaves.
Rate Hikes Are Coming
With June and July set for a 1/2 point hike at each meeting, the US dollar weakness and bond/notes strength may be perplexing… but with the ECB joining the hawkish central bank party, the euro and eurodollar strength is pushing back on US dollar and treasury trends. All this could come to a head with the FOMC Meeting Minutes Wednesday; that would be a catalyst for the trends to get back on track. In the meantime, make no mistake about the indices are still in downtrends so no bottom picking!
Buying in a Downtrend?
It’s not the daily that I’m talking about! How do we keep the bottom picking and hope-ium at bay and trade what we SEE. It’s not easy but it can be done as long as we start with structure first. The daily downtrend is still intact and strong, but there have been bounces setting up and I show you how and when to find them in this update.
Shorting the Canaries in the Coal Mine
The ARKK Innovation ETF (ARKK) is arguably one of the worst-performing ETFs in the market right now. That means it is a key canary, along with the top stocks in it. I’m eyeing several of these names to short on this rip, including Roku (ROKU), Zoom (ZM), Roblox (RBLX) DraftKings (DKNG), and more. Want to learn more? Join me on for a free webinar this Wednesday, at 7pm.