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Limit down on the Horizon?
That certainly is my big question, when will we limit down?… And if we don’t do we have a week long rip higher before it’s time to short again? It really is a hurry up and wait. So, if you’d rather pay attention to energy or just crude in general, I have some ideas for you here.
Don’t Lose The Forest for the Treeline
The S&P 500 let go of its Voodoo fireline last week. This week, it reached the first target of the Voodoo treeline and what happens at that level will likely hold the clues for what to expect next.
Following the BIG 3 Bars
After today’s flush, we find the markets deeply oversold with a lot of traders leaning short. Is this a recipe for a short-term rally to the upside? Let’s take a look at what our new indicator, the Big 3 bars, are telling us.
Short to Long-Term Outlook and Opportunity.
In this chop, there are three ways I am navigating through the price action, which has been frequently volatile and unpredictable. But we can tame it if we know where to look. Here is the breakdown.
Another Fed day, another rate hike
In this video, we look at today’s FED actions and the market’s reaction – The FED announced today a 75 BPS rate hike in an effort to try to slow down inflation. This is the fastest pace in 30 years and will have a negative impact on the economy and likely the stock market. Will this move work and how long could it take? The better question is how in the world do we trade this market?
A Trio of Tickers
There are two symbols I’m looking at for their potential of bouncing from key levels. If they do show up there may be a third we can add into the mix for trading opportunities.
Preparing for the next round
Today we heard from the Fed with its rate decision. Next we move to Quarterly Expiration and then a Holiday Weekend. Said differently, 1 down with 2 to go, or… Next!
Two setups for the FOMC
Will they or won’t they hike 3/4 of a point? And what will the reaction be? Trading through summer is still going to be subjected to wild swings, and there are ways we can handle it, I explain all that and more in this update.
