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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.
Spread Betting NFLX
There may be no reason to buy anything in this market, but if there is, I want to find the best chart, then try to use the best strategy. This is one take on that perspective in the still leading provider of streaming content, NFLX.
Follow up on Crude Oil Trading Plan
Now that we have OPEC’s intention priced into crude oil, is the short sell setup still valid? I explain how and why in this update.
More bouncing ball markets to trade
In this video, we discuss the crazy rip higher we had starting on Monday morning and try to figure out where it may go from here. Only a few days again, we took out the low of the year for the second time and it looked like we were really going lower, only to get a face ripping rally. Is the downside over and how can we tell?
Dare Short This?
Earlier this week we were looking higher to these levels, so now the question is of course… What next? Well, it just so happens I think I have an answer, or at the very least, a plan consisting of “If, Then, That”. Don’t worry, I’ll explain what all of this means in tonight’s mid-week market update.
Talking Tesla
Tesla has been taking a beating since reporting quarterly deliveries, but I don’t think we make new lows before earnings. Let’s annotate the chart and look at a particular strategy rather than a directional assumption.
Were you prepared for this bounce?
About +18 million late prints appeared on the SPY & this is how we traded it.
How I’m trading crude oil tomorrow
OPEC is up next, and with the crude oil market pricing in a 2m barrel per day decrease in output (think less supply) crude oil triggered a regression to the mean on the daily while simultaneously setting up a great daytrade. Let’s manage the short and long term in crude as I explain how I am trading both.
S&P 500 Rallies Into Fibonacci Resistance Cluster
Today’s bounce in the index rallied right into a tight cluster of measured resistance and started to turn back down. It’s too early, however, to know if the move back down is a lasting one.
Nice Bounce. Here’s the Plan.
S&P bounced off of the 200 Weekly SMA to kick off Q4. This week is an interesting one with the NFP report on Friday as well as a few other things that I will touch on in tonight’s market update.
