There are often two trends that are prevailing in a market but one is far more impactful and that’s the price plus volume trend… as Charles Dow said: All trends must be confirmed with volume. Here’s how I do it.
With all the chop in markets like gold, dollar, bonds and euro, how do we trade the important levels from within the noise and lack of clarity? I cover that and the levels in this update.
ZEN is due to report earnings next week and has some interesting historical data around the report. I’m considering a buy in this area, but would also want to be aware of resistance overhead.
Monday’s open saw some weakness but SPX posted another green close. I think we’re headed to new highs *with this one major catch*. Let’s review in tonight’s video newsletter.
The volatility in healthcare, the chop in index futures, stalls in energies… how are we managing this market?
It’s been hammering and it’s an heavily weighted sector in the S&P. Here’s what I am looking for.
Looking at the market here, I feel I’ve been pushing it for the past couple weeks and it’s time to take a breather. With FAANG earnings coming up, along with the three day weekend, it seems like an opportune time. Let’s talk about a few setups I still have on — ETSY and XLU, along with what I’m looking for in the market and earnings in MSFT, GOOGL, AMZN and FB next week.
Now that earnings, for NFLX, is over, I think it’s a good time to revisit the daily squeeze. Check out the video for my position ideas and price targets
