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CPI This Week. Here’s the Plan.
The Fed’s dual mandate has one of the two on lock after last week’s NFP report. We are set to learn more about the other this week when we get the CPI & PPI reports. Trade plan in tonight’s market update.
NVIDIA, Fibonacci and the Voodoo Lines
The Voodoo Lines use a unique method of Fibonacci analysis to project important levels of support and resistance. This includes the Voodoo Treeline which help up NVDA today when it sold off after pre-announcing a revenue shortfall.
Kill The Boy And Let The Man Be Born
Interesting strength showing up in the IWM. That coincides with strength in the high-beta-sh*t index and may lead to some big short squeezes in the weeks to come, let’s dive in.
Straight forward but not straight up.
In this video I discuss why we should anticipate selling for next week, and why I think you should be paying attention to corn futures.
Everyone Onto The ARKK
At first thought, buying ARKK doesn’t sound all that attractive to me. But if I put my opinion aside and focus on the technicals, there is a path that leads to higher prices and it’s one I want to be aware of in the weeks ahead.
Two Kinds of Markets
You can usually narrow down price action into two ways of thinking. I want to look at that tonight in AAPL, and what it might bring for tomorrow’s prices.
Trading The Crude Oil Short
Opening weaker, crude oil looked to be ready to sell off, but assuming more weakness can put a trader in a vulnerable position. Here’s how we traded crude oil to the downside this morning.
The Grind Higher
Steady grind higher has not yet allowed for a pullback or retracement entry opportunity, but I remain patient. One last opportunity lies ahead in tomorrow, or we simply move on to next week and plan ahead for it.
Dark pool signaling $UBER to $42?
While UBER was down at $20, there were “signals” in the dark pool that UBER may go to $40. Though it’s extended now, is it worth buying LEAPS the dip?
Will Pelosi’s Visit Crash The Market?
Although saber rattling gets headlines, the market is really looking at…
