Don’t look Up
Happy New Year folks, in this video I talk about squeezes across the indexes and a potential for a gap-up Monday to start the new year. I also discuss the dollar index in relation to equities and why it’s important.
Happy New Year folks, in this video I talk about squeezes across the indexes and a potential for a gap-up Monday to start the new year. I also discuss the dollar index in relation to equities and why it’s important.
Crude oil has broken the previous downtrend and is now in chop. With a couple simple (and free!) tools, I show you how to decode the chop and setup a long trade. In chop finding overbought and oversold levels is the key, this specific indicator and setting helps do just that effectively.
A couple themes that stand out for me into tomorrow is that of weakness in stocks like AAPL leading indexes lower, while also seeing names that have been beaten down start to be picked up in an attempt to find some tax loss winners. These are the names I’ll have in focus for the end of the year and a few ways to play them.
Apple is as good a company as ever, but technically we could see it come in a bit tomorrow. On the flip side ROKU is setting up a bullish trade and depending on where we close on Friday may be worth holding into the new year.
Seasonally the move has been made and yes, you can say Santa did his job. The indices are in chop – as is historically the case in December – so no surprise the indices are stalling at the range highs and struggling to regain their Monday session mojo. There are corners of the market worth focusing on and I explain why and what they are in this update.
December is nearly done and 2021 is almost in the books and it’s time to shift to a beginning of the year mindset and approach where relative performance and watchlist building will be even more important than it was in this outgoing year. 2021 has already reminded us that the broader markets will not always move in relentless uptrends but certain corners of the market can. Here’s how we want to breakdown the markets as we head into January.
Today I am looking at an overall setup on MSFT. Currently we are seeing some chop, but MSFT has done a great job of continuing to hold support while maintaining an overall bullish trend. With earnings later in Jan I am looking for a potential move higher out of this consolidated range going into that announcement. In this video I walk through the charts as well as trade ideas to consider.
GOOGL has been started to set up squeezes not only on the intraday charts, but the Daily and Weekly as well. In this video I discuss the charts and levels as well as some trade ideas to consider playing this bullish into the new year.
The S&P 500 has met our minimum upside expectations by making new highs above the November peak. Beyond those price objectives, there are pattern objectives which would call the index yet higher.