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Watch 3800 in the S&P 500
When many forms of analysis all point to the same level, I perk up and pay attention. Many things I’m watching are all telling me that there’s an important decision at 3800.
Castles Made Of Sand
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
And they’re off
Earnings season kicked off in high gear today with a fair number of majors reporting. It continues Monday & Tuesday to pretty well wrap up the financials as we then head into OPEX at the end of the week. While that is going on, did anyone notice the major swings in the SPX? This is something that we need to get into tonight and prepare for what may lie ahead.
The Impacts of $DXY
Dollar strength has been a key theme of this market for some time, but I don’t think it’s going anywhere and these asset classes are the next to be impacted.
Price before sentiment, but do watch sentiment.
On days that are as volatile as Thursday, there’s always going to be something to learn. One thing that stood out for me was the put/call ratio, so let’s spend some time looking at how we made use of it at the open and how it may be useful in looking for the next top.
The Proof’s in the Candle.
Today’s rally can be explained by the recession models that are making the rounds. The rally lines up with the historical recession models being an inverse indicator.
Are institutions selling NFLX?
It appears that institutions were selling near $250 & the trigger lower just hit.
All about the Bass, no Treble
PPI was a fizzle/dud, speaking clearly to the amount of emphasis being placed on the CPI report tomorrow morning. It is the one thing that matters right now. All about the CPI and nothing else matters. I’ll do my best to help understand what to look for/watch on this report for direction as well as targets on either side, complete with a L.I.S. Line in the sand.
Price vs Volume Edge
Price without volume is incomplete. Here are two examples to show why being in a trade “alone” does not work and why volume confirmation is our edge.
What Are The VIX and DXY Telling Us Here?
It’s darkest just before the dawn . . . and also at the end.
