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Torn between two Voodoo Lines
Firelines are the most significant levels within the Voodoo Lines indicator. So when a major index nears one of these firelines, we take notice. We have two indices currently in close proximity to these important levels.
Energy leading the way in December?
In this video I outline an argument for continuing the trend of the market moving sideways to higher. Specifically, we look to energy to lead the way as the Squeeze Pro has a lot of compression for things like XLE and even more so OXY and XOM.
Friday’s Finest
As we head into tomorrow’s employment data it’s hard to know exactly what we’ll be presented with in stocks, but if bulls are still in charge, these are 3 of my favorite picks.
Follow Bonds
The main narrative moving the indices is “What is the FOMC going to say or do next?” There is a simple way to decode this: The 30-year Bond. Whether intraday or end of day, where rates are heading next dictates where the S&P, NASDAQ, and Dow are heading next.
Up, up and away!
In this video, we look at today’s crazy rally that came from Powell’s comments. We got an incredible 122 point rally in the SPX and the rally was across the board. What should we expect next? I have been saying that we need to wait until the next PPI, CPI, and FED meeting to see, and maybe this rally is a preemptive move to those events. For now, we have to look to the upside as I don’t see this pulling back without some bad data points and hawkish commentary from the FED.
Penny for Your Thoughts
Trend is always a function of time frame, and I want to spend a moment tonight reviewing one of my favorite aggregations, along with 2 setups inside that.
Powell Delivers
We discussed earlier about the importance of the 2nd 1/2 of the week and that Wednesday may kick it all off. Today Fed chair Powell delivered with quite the impact. Tonight I will talk through what we have seen and what I am planning for next.
Believe It Or Not, Silver Is Rearin’ To Go
Often called the heart breaker, this is why I think SI visits $24 in Dec.
Higher Probabilities with a Checklist
How do I use the four factors that move the market to put on a trade with a higher chance of following through? In this update, I cover that in detail with Dow and NASDAQ daytrade setups.
Time To Short AMD?
In this video I walk through the AMD Daily and Weekly chart and discuss levels as well as several different trade ideas to consider to play for a potential move lower.
