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S&P 500 Acting Bullishly
Busy Week
This week we will hear from Fed chair Powell as well as a host of meaningful earnings reports. Finally to wrap it all up, OPEX Friday.
War & Peace
Indexes will start next week hanging right on the ledge. Let’s review what that means and the adjustments we must make to navigate that.
No One Wants To Talk About This: Losses
We all have them. The real skill in trading is to lose well. In this update, I discuss not only mental tactics but also levels on the chart to watch to keep bad losses at bay.
The Current Forces At Play
Union Break
Bulls decided to take a little time off today as they needed a rest. Tomorrow is the end of week in front of an OPEX week, so let’s look at a potential support level to hold for another run.
Your Next Best Trade
We’re going to get into a sector based outlook tonight that when viewed with the correct time horizon, I believe could be a helpful piece of your next best trade.
Many Indexes Had Strong Downside Reversals. Will the NDX Follow?
With the bond market selling off, the only index that held up great was the NDX 100. But only a few stocks within it kept it up. I will be looking at those big stocks closely for any signs of bearish reversals.
Weekly Squeezes: Round 2?
Earlier this year, weekly squeezes in the indices + leading stocks led to explosive moves higher throughout the market, With new weekly squeezes printing, are the markets gearing-up for round 2?
CPI Tomorrow
After a rather hot PPI report this morning we will get another number in the morning, CPI. Let’s see what is in the cards but either way I have a plan for you that we can look at in tonight’s update.
