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Friday Frenzy; What’s it mean?
In this video, I discuss the first week of August as a time for the bulls to rest. It’s not a bad idea to entertain the short side for 7-10 days, here are my thoughts as to why…
TSLA to 1k?
While the bears have had full control of the market all year, we’re seeing signs that the tides are beginning to turn. Should the market trend higher from here, TSLA is one of my favorite picks for the potential of an explosive move.
Selectively Bullish Charts Like ISRG
Intuitive Surgical found support in June near its Voodoo fireline. A squeeze could send it upward to the next treeline upward at 234.33.
Earnings Expectations
This week has seen several megacap tech companies release earnings and most have resulted in higher prices. We’re seeing that again with AAPL and AMZN, and their action tomorrow will be pivotal in shaping next week.
Daytrading the Volatility
While the bottoming process continues and the Target Rate for the Federal Reserves floats slightly lower, I want to be long. But without setups on the daily, what is the next best thing? In this video, I explain how we traded the bounce in July to capitalize on the movement.
FOMC Day & Mid Week Update
Fed delivers as anticipated today and the market responded in kind. There is still more than enough left in this fun-filled & jam-packed week to make a difference, so let’s not get too terribly comfortable just yet.
FED Day Fun
In this video, we look at today’s big rip higher after the FED raises rates again another .75% We got over 100 point move higher in the SPX and a whopping 467 in the NQ. Is this the start of a new Bull market? I don’t think so and I don’t trust the move, but we won’t until we get more data points. Another big one comes out tomorrow with GDP where we will look at whether we are in a recession. Lastly, we still have a lot of earnings to go so expect more volatility.
Timing Tesla
In Friday’s free video I told you I thought Tesla was cheap below 800. Monday ended up being soft but slow then Tuesday traded a fair bit below this level, but on Wednesday my plan really started to work out and I don’t think bulls are done just yet.
The Bottoming Process Follow-up
Back on July 7, I mentioned the bottoming process had begun and showed the price, technical, and macroeconomic reasons for it. In this video, we follow up the thesis with further evidence in the price and data that it is time to be optimistic and opportunistic (two powerful mindsets) and shut out the fear-mongering that does not have evidence. Time to put on the armor of process to protect us from that chatter, all in this video.
