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What Do You Think About USO?
The United States Oil fund has been rangebound over the past several weeks, but into the summer we’re either going to be up $20 or down $20. Let me know which way you’re playing it, and I’ll show you one position that I’ve started to add into my portfolio.
End of Month Trade Tomorrow
Tomorrow will be a wrap for April and we have a trade set up for that. Additionally I see tomorrow likely being all about the levels highlighted in tonight’s update.
Trading Chaos
In this video, we look at the current price action of the market and try to make heads or tails out of it. We continue to have wild swings in both directions, and this is very nerve-wracking, but very tradable if you know how to do it. We talk about the upcoming events to watch out for and where we might go with the overall market.
Mid Week Update Apr 27
What’s next for the ES? Pop or Drop? Well balanced @4215 so let’s have a plan for both higher and lower from there.
Updating the Put Call Ratio
The put call ratio can be a helpful gauge of sentiment, but it’s not a holy grail, and should be used within the scope of a few nuances. Let’s update that from where we left it last week and how it might play out into May.
How miserable can one stock make the market?
If it’s TSLA pretty darn miserable. But on a week that we have the most important, heavily weighted stock earning releases, this sell-off, triggered by concern over how Elon funds his purchase of TWTR may be short-lived and set up a bounce… a little crazy? I explain what we need to see to trigger that.
Trading Earnings Destruction in Paypal (PYPL), Teladoc (TDOC) & more.
This quarter, there has been a major theme called Earnings Destruction, which identifies tickers likely to tank pre and post-earnings. There are many coming up this week, which I think have a strong possibility of dragging the indexes even lower.
All Roads lead to 4335, Until They Don’t.
We have a big week ahead with both Econ #’s as well as Earnings. There are indeed some warning signs that I will do my best to explain, but for now the word is caution and that is of wide range chop around 4335 ES.
Holding Dow’s Feet to the Fire
The Dow Jones Industrials tried to break their Voodoo Fireline today but couldn’t hold beneath that level. That could set up more of a bounce in coming days.
