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AMZN’s Trial By Fire
Poorly received earnings from AMZN last week sent the stock right down to its Voodoo Fireline. That level is now an important decision level for the stock.
Trick or Repeat!
In today’s video I give an example of us mirroring the last move that brought the /ES up to the 200 simple moving average just like early spring of this year. It’s an argument for this continuation to be considered to be just getting started. A big characteristic of bear markets are crazy bullish rips. This video is about just that. I discuss a complete repeat of a certain pattern we had earlier this year.
SPX 4,000: Structure + Signals
Despite earnings disappointments from big-tech names, the bulls made some serious progress in the structure of the charts next week. Let’s discuss the roadmap that could see the SPX heading into 4,000 over the next few weeks.
How We’re Not Crashing
Many have asked how tech earnings can be so bad, and the market still close positive. I’ve got a few reasons I’d like to run by you, and considerations for a trade next week.
Guiding Sentiment
A couple weeks ago we spoke about one of my favorite measures of sentiment, and what to look for when we might see that sentiment shift. That came through this week and was a big part of what prevented a further advance in equities.
Daytrading with a Volume Advantage
Volume bases support and resistance can offer an edge on anytime. In this update I walk you step-by-step through the trades we took in the room today and why.
Batter Up!
With GOOG, MSFT & META now behind us, who’s next? AAPL & AMZN followed by FOMC & NFP batting clean up. What a line up. Not an easy call, but I’ll do my best to navigate the anticipated volatility.
Volume Decodes the Lows.
With the current rally, what has kept me from expecting significantly lower lows. Just one thing: Volume.
