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The Dow Is Flat Since July… That’s About To Change
The Dow is trading right where it was in early July, but there’s a squeeze in play and a fresh reversal signal. I break down why Goldman Sachs matters most inside the index, what its seasonal chart says about November, and the $1,000 call trade I’m looking at. Microsoft is holding its rising 21 EMA too.
Chips Just Broke, And New Lows Might Be Next
The Nasdaq had its worst day of the year, and today’s bounce didn’t fix much. Everything now rides on Sunday night’s gap. I walk through SMH, Nvidia and the trades I like in MCHP, Microsoft and Amazon.
QQQ Just Had One Of It’s Worst Days In 10 Years. What’s Next?
QQQ was down 6% into the final hour and broke nearly every key level, including the July low. The Big 3 Squeeze still hasn’t even fired yet. In the video I lay out the $625 to $600 downside target, the $670 bear trap line, and the day trade setup I’m using until it resolves.
Is This Rally A Trap Before The Jobs Report?
Today’s rally punished the bears, but one outsized day doesn’t make an uptrend. Instead of panicking or chasing, I’m building two watch lists. Consumer defensives, healthcare and financials lead the bullish one, while the Nasdaq’s tech and communication names fill the bearish one.
The Market Is On Sale Before Midterms, Are You Buying?
The S&P 500 is back below $7,600 on midterm day, and the technicals lean bearish unless we recapture it. While that plays out, I’m building a watch list of True Low discount buys, and Google and Walmart are the first two on it. Walmart just printed its first True Low since 2018.
Chips Just Broke The Worst Level Possible
The Nasdaq and SMH both broke their 200 simple today, and Apple and Palantir just reported after hours. I walk through the expected moves on both, the earnings destruction in Google and Intel, and the $500 and $471 levels I’m watching on SMH.
The Worst Signal On My Chart Just Fired
Market is sniffing out something in credit and today stocks finally listened. While a relief bounce is possible, I believe we need a large catalyst that’s not on a calendar to shift things. The pattern puts the “Leo Low” in focus as this doesn’t look finished.
Amazon, Google, And Meta All Dropped… Here’s Where The Money Is Hiding
Amazon, Google and Meta all dropped on earnings as the AI spending eats into free cash flow, and money is hiding in Walmart, IWM and the Dow. I break down why I’m not chasing those extended names, the few setups I’m still trading in PRME, Affirm and Qualcomm, and the tech reversal I’m waiting for.
Don’t Panic Sell This Pullback, Buy These 3 Stocks Instead
I can’t tell you the future, but I can tell you these 3 charts have the potential for higher prices and I think they deserve a spot on your watchlist.
How I’m Trading SPX Into The Fed Decision
S&P has been chopping in a range between $7,600 and $7,800, and Wednesday’s Fed decision could be the catalyst that breaks it. Since we don’t know which way the market will react, I’m showing how I play both sides with debit broken wing butterflies. I also cover two pullback setups in SNOW and DELL.
