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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.
Up 1st, Mad Max 2nd
Some major technical changes to the market that we need to review before next week.
Planning the Next Leg
Phase one complete and thankfully as planned but that always leaves the question… What now? I’ve got some ideas and will do my best to lay out a plan in tonight’s update.
Feeder Follow-Up
On Monday we looked at a setup in Feeder Cattle futures. This idea has been developing nicely. Let’s see how it looks now.
Anyone for the S&P?
Now that CPI data is behind us can we start looking for the next leg higher? This is the current pattern I’m following and some of its implications into the monthly expiration.
Two Ways of Playing the Trend in Gold
Whether it’s a reversion to the mean or historical volatility, let’s look at how to focus on where to enter gold to the long side.
Tomorrow is a big day!
In this video, we look at today’s continued push higher, almost back to 4000 on the ES. We have moved over 170 points since Monday as we get ready for the CPI report tomorrow. Obviously, the market is anticipating a better than expected CPI number and this could really get us moving higher if it happens. If we get a surprise higher number, we better watch out on the downside. We look at charts and go over levels and what to expect.
