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Make or Break
Thursday’s close in the SPX was about as bearish as it could’ve been. Do we continue straight lower or is there a day of bounce? These are the levels I’ll be considering as we get into Friday.
A pattern to watch in the S&P.
We don’t want to blindly buy nor do we want to short new lows. So how do we read the current trends, volume, and a pattern that will keep us out of trouble regardless of a move higher or lower from here?
FOMC Says…
The decision is in. Fed says .75 it is and the market responds with volatility, mostly selling. With that, we need a plan going forward, so let’s get to that.
GOOGL Looks To Move Lower
GOOGL I think still looks good to move lower with a Weekly Squeeze, BBs opening lower, and breaking 100 today. In this video I walk through the charts and talk about a trade idea to consider for the move.
My 3 Favorite Stocks
These 3 names may not come into consideration for a few days, but when it is bull’s turn to lead, these are the stocks I’ll be looking to.
This Is Why I Don’t Care What The Fed Does On Wednesday.
Either way, I’ll look to utilize this setup to take advantage of the move.
Magic Hour Daytrading
Throughout summer it’s been when I have traded that has made the difference. Now with Fall trading volume and the uncertainty surrounding the Federal Reserve’s rate hikes, the shorter-term window is even better. In this video, I walk through another chatroom setup and the timing of the trade.
Sitting sideways on UAL
UAL is sandwiched between support & resistance. Here is a trade idea to take advantage of it.
All About the Fed
This week we will learn the decision concerning the latest rate adjustment. The market seems to be pricing in a 75 x 100bps uptick and we will soon know the answer. Until then I see risk squaring and that is what I will try and prepare you for in tonight’s market update.
AAPL at a decision point
AAPL finished the day at a confluence of both Voodoo Lines and measured Fibonacci levels. This is a decision level to watch.
