Today, we experienced what I like to call the oversold rip. It’s a combination of a high put/call ratio that kicks off with a gap up. Let’s talk about the big move, along with TSLA, MSFT, COST, AAPL, and more to see what is in store for tomorrow.
Narrow body candles after a larger ranging session can afford some quieter entries on the trend following buy we’ve been pursuing in gold.
The name of the game is to ADAPT. Here’s where we are focusing on setups to start the week.
This week, the markets dropped a record amount. The fear is palpable, but is this setting up a short term opportunity for a bounce?
An incredible week of selling concluded with a strong final 15 minutes today. Did the selling create opportunity or is this the calm before the storm? Near term SPY, APPL, and credit say a short term tradable bounce is very possible starting Monday. Let’s dive in and review the levels.
Why did the sellers come in and what caused the 3X daily price movement range sell-off?
Why did gold sell-off? And will we buy it? Did the FOMC just save the market? And where will I buy first?
