Crying Jordan Bears
Nothing has changed, but the bounce has room as the crowded put trade gets wrecked. Let’s review what we talked about last week to see if there’s more gas in the tank.
Nothing has changed, but the bounce has room as the crowded put trade gets wrecked. Let’s review what we talked about last week to see if there’s more gas in the tank.
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 share my point of view on rallying into July and I also discuss gold going lower to take out the previous lows.
In today’s video I run through my ideas for a potential re-testing of /ES 4000 and gold lower back down below 1800.
SPY posted a solid gain on Friday and triggers one of my favorite continuation signals on the weekly chart. Let’s look at that, along with three of my favorite stock picks for the months ahead.
Despite the indicators we love on our charts, they cannot tell the whole story and that is where a well-timed sentiment read can make the difference. In this update I dive into how sentiment reach and the daytrading clock pointed to a stronger close.
In this update, I walk through the daily and weekly charts and show how to easily find trades versus entries with a longer term time horizon.
There are no guarantees in the market, but one rule that generally plays out is that once everyone is short, the market has nothing left to do but rally. There are a few ways of gauging that, but today’s reading in the put/call ratio is one of my favorites to consider.
Bears have been having their way with this market for most of 2022 and it’s easy to get stuck in that mindset. I don’t think the lows for the year are in, but I do think we could be working on a bigger retracement. Let’s look at the levels and signals that could drive the next leg for the indices.