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Preparing for the next round
Today we heard from the Fed with its rate decision. Next we move to Quarterly Expiration and then a Holiday Weekend. Said differently, 1 down with 2 to go, or… Next!
Two setups for the FOMC
Will they or won’t they hike 3/4 of a point? And what will the reaction be? Trading through summer is still going to be subjected to wild swings, and there are ways we can handle it, I explain all that and more in this update.
Trading the Upcoming Short Squeeze
Today, the indexes made new lows on the year, the 10-year made new highs, and bitcoin fell almost 20%. But, you know what else made new highs? The put/call ratio is at levels not seen since March of 2020. That means a massive short squeeze is brewing.
Preparing For a Big Week
This week will no doubt prove entertaining and likely quite volatile. Events are the VIX Expiration and FOMC rate decision set for Wednesday as well as EOQ Triple Witching two days later on Friday.
They Say There’s No Such Thing As a Triple Bottom
Today, AMZN dropped down to its Voodoo fireline, the third visit in about a month. They say that there’s no such thing as a triple bottom, so what does that mean for this name, and for indices where AMZN is heavily weighted?
Down Goes Frazier
Market tipped its hand yesterday and today broke all structure. Bulls have lost every bit of ground they gained and Fed is in a box. Let’s look at the signals for next week.
Interest Rates vs. Gold
In this video I give my take on how I see gold breaking out and possibly stronger than I can imagine around Fed talk next week.
How Low Can We Go?
After breaking key support yesterday, the S&P 500 sold off dramatically today. It looks like it’s heading to below May lows. We’ll discuss how much beyond in tonight’s video.
One More Push for Natural Gas?
In an incredibly volatile market, $UNG has been one of the more reliable trends to the upside over the last few months. With this morning’s flush catching a bid, is it ready for one more push to the upside? Let’s take a look.
