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Gold Is Attempting To Recover
After modestly overshooting our support level last week, Gold is attempting to recover those levels today. If it succeeds, one scenario sees it much higher.
SPY 340? Part II
Long term sell signals mixed with near term exhaustion, what does it all mean? Let’s review.
Bounces fail into May Monthlies?
In this video I discuss why it makes sense for the market to go up for just a few days before selling off into May Monthlies.
Say “Pepsi, please”
Despite the broad markets’ wild fluctuations there’s one stock I’m eyeing that’s held well through all of it. Not only do we have a technical setup, but we’ve also got some fundamental reasons to think the drink manufacturer may continue to thrive in this environment.
These 3 Things
Stocks caught a significant bounce from intraday lows on Thursday, but until at least 2 out of these 3 things happen, we’re not going to see a lasting low.
How many points to your edge in crude?
Crude oil is in chop on the daily timeframe but that does not mean we cannot find an edge. Finding an edge can mean shortening the timeframe. In summer, daytrading through chop and panic is an effective shift.
Mid-Week Market Update
Here we find ourselves again at a mid-week update with the market at an extreme (High/Low) for the week. With more information now, having had an opportunity to observe some important order flow levels, let’s attempt to frame this for what may be around the next corner.
No Bounce In Sight
In this video, we look at today’s price action as we got the latest CPI numbers, showing that inflation continues to increase. This caused another big sell-off and the overall market looks very weak. We look at levels and try to determine which way we might go from here and how to trade this.
$AAPL to $140? Bearish TTM Squeeze Setups
When bearish squeezes develop across multiple frames, the odds of a significant move lower increase dramatically. Let’s take a look at the weekly squeeze in $AAPL, and the short I’m looking to pursue for the move into $140.
Downtrend. It’s not good, it’s not bad, it’s bearish.
When it’s a trend we can trade it with an edge since a clear path of least resistance is a trader’s friend. The S&P and NASDAQ organized into a downtrend days ago and it’s only the Dow that is neutral. With healthcare likely the only sector still keeping the S&P from lower lows let’s focus on short the rip setups.
