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Looking for December Shorts
Though the bulls have had a good showing over the last few days, I continue to think the path of least resistance is to the downside. Let’s take a look at the SPX short we’re pursuing in the Options room that provides plenty of time and cushion.
Short the Rip or Buy the Rally?
I explain what I am focused on and why, using volume in a way that has been very accurate in this choppy market.
Play the Chop in DKS
In this video I walk through DKS consolidating chart pattern and discuss one way you may trade the chop to your advantage.
Up It Is
Last week we discussed and made a case for support against Friday’s lows. Today the market spoke to the support and bids for higher. The natural question now is could there be more to this leg of the move? Honestly, it looks like there could indeed, so let’s look into it in tonight’s market update.
Watch 3800 in the S&P 500
When many forms of analysis all point to the same level, I perk up and pay attention. Many things I’m watching are all telling me that there’s an important decision at 3800.
Castles Made Of Sand
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
And they’re off
Earnings season kicked off in high gear today with a fair number of majors reporting. It continues Monday & Tuesday to pretty well wrap up the financials as we then head into OPEX at the end of the week. While that is going on, did anyone notice the major swings in the SPX? This is something that we need to get into tonight and prepare for what may lie ahead.
The Impacts of $DXY
Dollar strength has been a key theme of this market for some time, but I don’t think it’s going anywhere and these asset classes are the next to be impacted.
Price before sentiment, but do watch sentiment.
On days that are as volatile as Thursday, there’s always going to be something to learn. One thing that stood out for me was the put/call ratio, so let’s spend some time looking at how we made use of it at the open and how it may be useful in looking for the next top.
The Proof’s in the Candle.
Today’s rally can be explained by the recession models that are making the rounds. The rally lines up with the historical recession models being an inverse indicator.
