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Nicely timed bounce
Today the SPX rallied 1.5% and fortunately we were looking for this. There is, however, still some “And” & “But” still to go with this trade plan. I’ll explain in tonight’s market update.
$AAPL Next to Plunge?
After the markets once again failed to break above weekly resistance, it is looking like the path lower is very much intact heading into the new year. Should the markets continue this downtrend, I believe this weekly squeeze in $AAPL could be one great spot to pursue short positions.
Is Santa Coming?
In this update we take a look at the macroeconomic reasons that there could be a Santa Rally as well as when and where we will look to get it.
Bears go 4 for 4
We’ve seen a lot of these 4 or 5 day selling sprees find support. Is this one different or do we once again look for the bounce? Let’s take a look in tonight’s post-market review.
Trailing Into Targets
We started Monday’s session with an eye for lower prices. Now that those targets have been met, is it time for a bounce? I think there’s a fair chance, but I’m going to let price prove it to me first.
New Yearly Lows for AMZN?
AMZN has several different technicals and time frames that look weak and could spark a new run to the downside and in turn could create new lows for the year. In this video I walk through the charts and data and talk about a couple of different trade ideas to consider to play the move lower while keeping risk small.
End of week review & plan
We knew this week was likely a wild one with CPI, FOMC, ECB, BOE, OPEX, etc… The week did not disappoint. Let’s review how we got to where we are now and what that has us thinking about the next leg.
Gaze Into The Abyss
Some major technical changes to the market that we need to review before next week.
Voodoo Firelines and Symmetry
Major indices have turned down, breaking below the most important of the nearby Voodoo Lines levels. Breaks of symmetry can help confirm that the trend is changing in the moves below those levels.
When a Cheap Stock Isn’t Cheap
As AAPL and AMZN continue to slide it may start feeling like prices are “just too cheap” and can be acquired at a discount. I’d caution against that way of thinking, and instead focus on patterns that very much appear ready to break.
