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Was That It? Yes, It Was.
Follow up to last week’s video where we were looking at early signs of weakness across markets. Today we got confirmation.
The Circle Of Life
In today’s video I discuss the completion of a cycle that’s been in play since July and why making a low into /ES 3900 makes sense. Other topics include how to trade gold and why it’s a hurry up and wait scenario.
Wen New Lows?
After today’s sell-off, bears are out in force, and with good reason. Will the selling persist? I think we get at least one more day, but Monday’s trade will be critical for the rest of the week.
S&P Hole
There’s been a lot of conversation this week around Jackson Hole, but I think the better focus may be on the S&P hole, and how it may guide price.
NASDAQ and TSLA Setups.
Futures traders have a unique view of individual stocks and with the 3:1 TSLA split there are a few things to consider.
More hurry up and wait
In this video, we look at the whiplash market we are in as we approach the Jackson Hole meeting tomorrow. Everyone is waiting to see what Powell will say on Friday and how the market will react. I think we likely go higher, and Volatility comes back down. The next hurdles will be NFP, CPI, and PPI and then the biggie next month with the next FED meeting.
Next batter up, J. Powell
I still see this week as being all about Friday morning when we hear from Fed Chair J. Powell. Sideways consolidation is all we have had to work with for the last two days and I suspect mostly that until we get new information to reprice from. The question then is, of course, up? or down? I have a lean and I’ll share that with you tonight.
My Favorite Momentum Plays
It’s hard to say what the broad market will look like ahead of the Jackson Hole meeting on Friday, but if you can find stocks marching to their own drummer there are still opportunities.
Is this the dip?
In a simple answer, YES. In this update, I share where I am most interested in the dip buy and why.
