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Getting Ready for Wednesday
Right now it appears all clear for this week’s volatility as most likely Wednesday. During the mid week update we will then start preparing for end of month and making our way into July.
Crying Jordan Bears
Nothing has changed, but the bounce has room as the crowded put trade gets wrecked. Let’s review what we talked about last week to see if there’s more gas in the tank.
Turn down for what?
In this video, I share my point of view on rallying into July and I also discuss gold going lower to take out the previous lows.
SPY Gets Some Headroom
SPY posted a solid gain on Friday and triggers one of my favorite continuation signals on the weekly chart. Let’s look at that, along with three of my favorite stock picks for the months ahead.
Sentiment Reads Make the Difference.
Despite the indicators we love on our charts, they cannot tell the whole story and that is where a well-timed sentiment read can make the difference. In this update I dive into how sentiment reach and the daytrading clock pointed to a stronger close.
Sorting Sentiment
There are no guarantees in the market, but one rule that generally plays out is that once everyone is short, the market has nothing left to do but rally. There are a few ways of gauging that, but today’s reading in the put/call ratio is one of my favorites to consider.
The Chop Fest Continues.
In this video, we look at the crazy price action we have been having and try to make heads or tails out of it. Today, we had Powell testifying before congress and Biden speaking as well and the markets continued the chop fest. What is driving us lower and when do we see any change in the bearish tone?
Making a Trade Plan
Up one day and down the next, so clearly anything can happen. For this reason I prefer to have a roadmap/plan and that’s what I plan to outline in tonight’s market update.
How I am daytrading in 2022.
It is not that we have the trends of the past few years, or the follow-through of the buy everything market, or even uptrends… this is a different market, and it requires an approach that acknowledges the challenges of chop and rate hikes. Here is a textbook example of what to look for and how time and volatility are your friends.
