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The Song Remains the Same
Largely a recap do-over of last Friday’s end of week wrap up where we had in mind still a little higher in the ES. I have in mind about the same targets and support levels but we’ll take a look at tying it in with the calendar and options chain as well.
Can $XLY Pick Up the Slack?
There may not be a reason to buy anything in this market, but if there is, we should first see that in the macro picture. Let’s start with one of the most important charts in the market, and then move down into what we might see from XLY.
Continued Selling for AAPL?
In this video I walk through two different things I am watching for on AAPL to consider a short to play lower. I also discuss a couple of different trade ideas to consider if the signal appears on the charts.
Is AAPL green and growing or red and rotting?
AAPL closed the day right at an important decision level with implications for its longer-term trend.
Planning for next week’s volatility
Next week holds quite the opportunity for some volatility yet again with both the Mid Term elections as well as a closely watched and highly anticipated CPI report. In tonight’s market update I will attempt to lay out a plan to navigate the expected range.
Et Tu AAPL?
The weekly is bear, the daily is bear, and the hourly is a warzone. Let’s review the setup and the levels for next week to see who can gain control of the charts.
Light at the End of the Bottom Part 2
Is the process still in play? What has transpired since the July discussion and what are we measuring to track the support holds?
Prepping for Thursday’s Day Trade
Heading into today’s session I was looking for a bounce, and while it didn’t materialize right at the open, it was the easiest trade of the day. Let’s review what brought us there and where it might lead into tomorrow.
FED Day fun… again
In this video, we look at today’s big rip higher after the FED raises rates again another .75% and then the immediate roll over of the market. We dropped about 150 points on the ES from the top to the bottom. We have seen this price action before on FED days and it was because Powell says they are going to keep raising rates. We talk about the next big events coming up and what to watch for. Be on your toes for Friday’s NFP numbers and next week’s biggie, the CPI numbers. Lastly, we talk about how I have been trading this market and how I can help you.
Post FOMC Analysis
We heard from the FOMC today as expected but evidently the market heard some unexpected in the presser as it reversed back to last Thursday’s lows. Given this development, I will try to make the best read of what I am seeing so that we can make a plan for what lies ahead.
