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Rotation Time?
There are some major technical changes to the market that we’ll review before next week.
Bullish Picture For February
In this video I discuss how Bonds going almost straight up for 14 days with very little reaction in the markets paints us a bullish picture heading into February. SLV and GLD are in spotlight for buying a pullback (specifically in SLV).
Momentum Potential
With January expiration behind us and SPX wedged at the 200 SMA, it’s hard to say what Monday’s open will look like. Maybe a respite is in order, and if so, we’ll need to find the best individual names for outperformance. Let’s add two of those to our watchlist in tonight’s review.
The more time that passes, the further away your breakeven gets.
Let’s review today’s drama-free day trade on why I got in, why I got out, and most of all: Did it play out like I expected?
Where I Am Still Bullish
Following up on my previous video, here is how I identify the symbols and levels from which I will be a buyer. The weakness we have seen the last couple of sessions will set up some buy triggers.
Downdraft of the Day
In this video, we look at today’s big sell-off as the FED continues to make hawkish comments. We are getting lots of data points in and most are not looking good for the FED. We look at charts and upcoming events to see what to look out for and where we might go. We are at a pivotal point for the next couple of weeks as far as direction, so be ready to take advantage of it.
The Belly Button Level
Today’s analysis begins with concepts we discussed last Thursday. It’s nice to see the analysis come to fruition, and may have bigger implications into next week.
Patience Pays
Appears it was a good plan to be patient and wait for a retracement for new positioning. Today the SPX backs pulls back 1.5% to levels where I am now comfortable adding swing long exposure. I’ll explain in tonight’s update.
Bullish Outlook
It may not be the popular one, but here is a breakdown of the charts and where I am bullish as we are halfway through January.
