Indexes, Hedges, Bitcoin, Gold, And The Plan For The Rest Of The Year?
It’s time to stop cutting the tree and start sharpening the saw.
Archives: Daily Videos
Preparing For Powell
The usual plan is to stay long ahead of the FOMC, but after? It’s a whole different story.
Will we see a Powell pullback?
“Buy the FOMC, Sell the Powell” does tend to be a good setup. And I think weakness on the 2 PM ET event will be a terrific opportunity, if we can get it.
Witches Week
Let’s review 3 tickers with great setups into Quad Witch Expiration, as well as examine the risk in VIX as we head to the final monthly expiration of 2020.
Weekly Witches Brew
We are seeing the indexes showing some strength, but still not holding momentum to stay above support. In the background we are seeing the VIX continue to develop and hold structure as well as a handful of high quality setups. This week is Quad Witch Expiration, lots of moving parts; let’s review.
Looking at Strength at the Sector Level
As the indices are overall strong but lacking traction, getting down to the sector level, we can see a little more resilience with XLC, XLE, and XLI.
Sectors and Stocks that are indicating the return to the uptrend
I am not a bear when momentum shifts, only when the trend turns bearish. There is plenty to like as some of the market goes “on sale”. Time to go shopping…
A Resilient Market: NVDA, JMIA, GLD, and more.
Definitely not a dull week, with a new rally into the close; it just goes to show us once again how resilient this market is. Next week I want to buy NVDA, JMIA, GLD, and most likely FCX.