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Are institutions selling NFLX?
It appears that institutions were selling near $250 & the trigger lower just hit.
All about the Bass, no Treble
PPI was a fizzle/dud, speaking clearly to the amount of emphasis being placed on the CPI report tomorrow morning. It is the one thing that matters right now. All about the CPI and nothing else matters. I’ll do my best to help understand what to look for/watch on this report for direction as well as targets on either side, complete with a L.I.S. Line in the sand.
Price vs Volume Edge
Price without volume is incomplete. Here are two examples to show why being in a trade “alone” does not work and why volume confirmation is our edge.
What Are The VIX and DXY Telling Us Here?
It’s darkest just before the dawn . . . and also at the end.
Daily Squeezes in the Ag Markets
Bears remain in control of equities, but there are some slightly more favorable patterns in the ag markets, two we’ll be looking at tonight with corn and wheat.
SPX another 200 points lower?
In this video, I talk about a potential bearish setup that could occur over the next couple weeks and walk through and trade ideas on how I might potentially look to trade the move lower.
The What & When This Week
It looks like it all kicks off Wednesday of this week when we get PPI & FOMC Minutes. Following that is CPI Thursday and then earnings Friday. This being the case, I am looking at bouncing around a little bit until then, when we see the next real leg.
Bulls Trapped Again
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.
Crossing the Rubicon: Part 2
In this video I discuss a very interesting repeating pattern I’m picking up from June to July. Next week we have CPI and PPI, following thereafter we have earnings and mid-term elections. Folks, it may not be popular, but if you want catalysts for a short covering rally into November then check out this video. In other words, this cowboy ain’t following the herd.
How far could NDX fall?
This week’s bounce in the NASDAQ-100 index failed to get back to important resistance and that sets up a move to even lower levels.
