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AAPL Taking Charge
With the surge in AAPL today we can look at the NASDAQ, XLK Tech Sector, as well as other sectors moving higher, like SMH Semis, NVDA, and more. Lots to like to the upside… as long as we wait for the zone.
Information Overload!
In this video, we look at today’s continuation of the bounce back from the lows. Is this the start of the next leg higher or a head fake? We are at a point in the market where we can either continue our move higher or move substantially lower, and unfortunately, only time will tell. The good news is that we can trade this market from either direction and still make money. I am watching for the next upcoming data points of PPI, being reported in the morning before the open, as well as initial jobless claims and housing starts. Will these data points move us in a meaningful way?
Watching This For Clues
Tonight I want to point out a chart and the reasoning behind why I am watching it closely for clues. Aside from that, nothing else has really changed since our last update.
Three Setups To Watch
Bonds, Euro, and S&P setups and zones to start the week. The longer-term 1-hour and Daily timeframes continue to deliver as we can finally lengthen timeframes to have short term swing trades.
Get Ready To Rumble
Since the late week retracement of last week the ES is about 100 higher and that’s with the real volatility to actually start tomorrow on the CPI report. The only way I know to say it is that there is more than enough going on this week to make a difference. Fasten your seatbelts.
Pieces Of The Dow
The 1 and 2 day Squeezes in DIA are still one of the most important signals I’m tracking. Let’s look at some of its most important components and what themes are driving the big picture.
How To Trade Earnings
In this video I go over an earnings strategy I talked about earlier in the month and walk through how it has done so far this earnings season. I also go through a small watchlist of earnings coming up this week to keep an eye on for this strategy.
BTFD Until Proven Otherwise
Let’s take a look at the volume since the bear market and draw lines in the sand.
This Is Why The US Dollar Matters Right Now
The bounce in US equities from late last year has had the wind at its back thanks to a declining Dollar. Last week that tail wind has turned thanks to the Dollar running into its Voodoo fireline. So much is riding on whether that bounce continues.
