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Stop the Insanity
In this video we look at the crazy move we had off the FOMC minutes today. We are looking like we want to bounce higher, and we do appear to be finding a bottom. Is this a head fake and can we trust any bounce? We talk about both scenarios, and neither is great.
Time to Melt Up?
Tonight I want to prepare for the possibility of a relief rally/melt up that we will want to be looking to sell into should we get such an opportunity. As usual, I do try to prepare for either direction with targets on both sides.
Reversion to the Mean
Wednesday’s rally saw a sharp snap back for several names, but at least in this moment, these trends are still intact. Let’s look at how we define that technically and how to take advantage of it.
Buying in a Downtrend?
It’s not the daily that I’m talking about! How do we keep the bottom picking and hope-ium at bay and trade what we SEE. It’s not easy but it can be done as long as we start with structure first. The daily downtrend is still intact and strong, but there have been bounces setting up and I show you how and when to find them in this update.
Shorting the Canaries in the Coal Mine
The ARKK Innovation ETF (ARKK) is arguably one of the worst-performing ETFs in the market right now. That means it is a key canary, along with the top stocks in it. I’m eyeing several of these names to short on this rip, including Roku (ROKU), Zoom (ZM), Roblox (RBLX) DraftKings (DKNG), and more. Want to learn more? Join me on for a free webinar this Wednesday, at 7pm.
Do we give it all back tonight?
The overnight futures tonight so far are noticeably down, let’s talk about what this means for tomorrow.
Sorting SOXX
The iShares semiconductor ETF made a new 52 week low week before last and if AVGO is any sign of things to come, we may see more of these components headed to lower prices.
To Trap Or Not To Trap?
Crashy price action ends the week with a notable turnaround at key levels. Will it be enough to stem the bleed? Let’s define both ranges so we know what to do next week.
One Air Bubble At A Time.
In this video I talk about how eventually we are waiting for another opportunity to short the markets down to the 2020 pandemics highs and lows in what could be another nasty Monday.
