Archives: Daily Videos
Monday Fake Out
The gap up this morning was promising for all of about 30 seconds, and the balloon just continued to deflate after that. We saw financials and energy trade higher, along with the Russell and transports, but I’m not buying this ‘bullish’ move. The market strikes me as weak, particularly with cloud stocks, cyber security, and several FANGs displaying their weakness. Let’s discuss….
Bond Pullback Setups.
It’s the setup we’ve been waiting for, and here’s what else I am watching for trades after Monday’s session.
How much higher?
How much more hopium is out there for the market? In this video I look at the markets that are rallying despite the bearish bias and chop in the broader averages.
Eyeing the Weakest Link
The Russell has been the weakest link out of the indexes, unable to breach the key resistance overhead. I’m watching price action closely, and if price fades at resistance come next week, I’ll be trading this one to the downside.