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Leopold 2.0
Bulls had it and got trapped at the highs. The dynamic is very similar to the Leopold Low; however, this time the places to hide are very limited. Bulls will likely need a surprise catalyst or simply a quick drop to lower support levels in order for a turn to develop. I am seeing energy in energy and will be looking to play USO long.
Money Is Fleeing Tech, Here’s Where It’s Going
The S&P 500 bounced Thursday, but I’m still cautious below the Volatility Trigger at $7760. With OPEX on Friday and tech earnings next week, I think the market’s personality is about to change. I walk through what I’m watching in Apple, Tesla, Lilly, Costco and Coke.
Don’t Get Wildly Bearish Yet | 5 Squeezes To Watch
The S&Ps fell about 86 points today, and Apple still closed green. Tonight I walk through Apple, Wayfair, Google, XLV and USO, five charts that are still holding up, and how I’d approach the squeeze heading into earnings.
META Could Be A $1,000 Stock A Year From Now
The market went nowhere ahead of CPI, but under the surface Meta set up a squeeze in its ideal formation, and the last one doubled the stock. I also cover Apple, our Dell fill, and why the dollar is the biggest thing standing between this market and higher prices.
Memory Stocks Just Broke And Semis Are Next To Decide
Memory and semiconductor stocks led the pullback today, and I see that pullback as a buying opportunity ahead of earnings. I’m mapping the levels on MU, NVDA, TSM, and ASML, plus the cybersecurity names I want for a run at new highs.
Don’t Trade Bank Earnings Until You See This
Earnings season kicks off next week with the big banks and semiconductors reporting. The Nasdaq and S&P just made new all-time highs, pulled back, and buyers stepped right back in. I’m walking through $JPM, $GS, $ASML and $TSM and how I’m positioning to the long side.
The SPX Dip Everyone Is Afraid to Buy
The S&P 500 and Nasdaq just made new all-time highs, and two down days don’t change my bias. We’re in a positive gamma environment where dips get bought, and the call wall moved up to $7,900 right through the pullback. I also walk through Micron, Microsoft, Palo Alto Networks, and why oil looks great but I’m still not buying it.
The Market Is Fighting Itself, Here’s How I’m Positioned
The indexes left an island reversal up top today, but MU put in a very impressive candle in the memory space, and that tug of war could mean a couple of days of two-sided action. I also walk through XOM and Wayfair as runs into earnings, plus whether AAPL can hold $330 into Friday.
The Nasdaq Squeeze Is About As Bullish As It Gets
The S&P 500 gapped to new all-time highs and held it all day, but from the open to the close it moved only 10 points. I call these professional days, and I explain what they mean for where we go next. Then I step back to the bigger charts on the Nasdaq, Micron, Tesla, Meta and Microsoft.
Squeezes Are Firing Everywhere In The Nasdaq
Nasdaq futures hit new all-time highs today after multiple squeezes fired, and the semis are leading the way. I walk through NVDA, TSM, AMD, ARM and MRVL, plus where I took profits today. I also cover two high short float names reporting soon from my free earnings calendar.
