Wild Ride Today!
In this video, we look at today’s crazy price action and try to make heads or tails out of it. Is this the start of a new downtrend or just another head fake and bounce?
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How long can we go?
In this video, we look at today’s crazy price action and try to make heads or tails out of it. Is this the start of a new downtrend or just another head fake and bounce? We look at levels to try to figure out where we might go. We also look at a couple of ideas and talk about some strategies.
Cuts like a knife
I am not giving up on December, and this variant news just needs a little more time before its edge is duller. Not all corners of the market are going to be cut equally in this environment of quicker taper and a growing variant concern… one would be tough but both is far trickier. The playbook for this could be as simple as leaning on relative outperforming indices and sectors and that is what we discuss in this update.
NASDAQ, US dollar, Bonds, and Crude oil
OPEC is on the schedule for tomorrow. There will continue to be fallout from the quicker taper “tantrum” but more so the variant narrative that is not quite discounted into the market. I am still optimistic about December, but we will be happy to keep some day-trading on the agenda to stay nimble.
Trading the FAANGMAN Stocks
MSFT, AAPL, NFLX and GOOGL are set up to lead us into and end of year Santa Rally. Here are the key levels to trade.
Humpty Dumpty Sitting on the Wall
Many key tickers, including GOOGL, FB, NFLX, MSFT, and more are all sitting on key zones that could easily be the best buying point prior to the Santa Rally, or, could be the point where they fall apart along with the market. Here are the key parameters I’m looking for.
Wednesday Chop to Friday Surge
The market has still a lot to digest from not-so-transitory inflation to the current variant, but all-in-all stocks were resilient and Tuesday followed the intraday tendency. So following that week-to-week intraday pattern, here’s what in store for the rest of the week.
US Dollar, 10-year Bonds, RTY and the S&P
kaPowell released the kraken on the market today with his comments on inflation… not that we didn’t know but the “official” messaging changed and it’s the message that precedes the action for the Federal Reserve… the markets took the comment rather well and I am still looking for some trends to continue into December.
Is Turnaround Tuesday Always Bullish?
While there is usually a bullish connotation to turnaround Tuesdays, if we get the bearish variety that could be exactly confirmation buyers want to see to set up a strong finish to the year. In this update, I explain how historical volatility plays into the setup and my preferred symbols for a buy.