Indices climbing into overbought territory
Does the recent bullish momo in the indices signal a return to the uptrend? I don’t think so, and in fact, it’s looking increasing overbought.
Archives: Daily Videos
Update on NVDA. 10/19/2021
NVDA chart is bullish since we have all of the moving averages on the side of the bulls, however, please be cautious since we are coming up to resistance on the daily.
Soul to Squeeze
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.
Paint It Black
From the last video we did we were looking for a 100 point bounce in the SPX, took a bit, but certainly came through. Let’s review the SPY going into next week.
Choppy market setups for next week
The indices are in chop but one in particular is setting up a fade short sell.
Buy the Dip or Sell the Rip?
Both are happening right now and if you know the structure, strategy is clear. In this update we take a look at crude oil, bonds, Russell, and S&P, as what shorts look good within the NASDAQ.
Strong Like Bull Or Short Smackdown?
Today’s light volume rally took us back to the key levels I’ve been waiting for.
Did today’s bounce change anything?
With today’s rip higher, are we seeing the bulls come back or is it time to set up the shorts? And where?