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FOMC Day & Mid Week Update
Fed delivers as anticipated today and the market responded in kind. There is still more than enough left in this fun-filled & jam-packed week to make a difference, so let’s not get too terribly comfortable just yet.
FED Day Fun
In this video, we look at today’s big rip higher after the FED raises rates again another .75% We got over 100 point move higher in the SPX and a whopping 467 in the NQ. Is this the start of a new Bull market? I don’t think so and I don’t trust the move, but we won’t until we get more data points. Another big one comes out tomorrow with GDP where we will look at whether we are in a recession. Lastly, we still have a lot of earnings to go so expect more volatility.
Timing Tesla
In Friday’s free video I told you I thought Tesla was cheap below 800. Monday ended up being soft but slow then Tuesday traded a fair bit below this level, but on Wednesday my plan really started to work out and I don’t think bulls are done just yet.
The Bottoming Process Follow-up
Back on July 7, I mentioned the bottoming process had begun and showed the price, technical, and macroeconomic reasons for it. In this video, we follow up the thesis with further evidence in the price and data that it is time to be optimistic and opportunistic (two powerful mindsets) and shut out the fear-mongering that does not have evidence. Time to put on the armor of process to protect us from that chatter, all in this video.
Super Bowl Of Vol
Megacap tech earnings & Fed rate decisions… let’s skip all of that and look at healthcare stocks.
Did WMT Just Kill the Rally?
The S&P 500 has been in a resistance zone for a possible turn back down. Nevertheless, it was resilient today coming back from several attempts to turn down. It might have taken an after-hours preannouncement from WMT to turn the tide.
Big Econ & Earnings Week Ahead
Mega large cap names reporting this week along with a FOMC rate decision & a GDP report. It’s enough to make a difference.
Is the Dark Pool signaling a test of the $410—$416 price zone?
There were two suspicious prints that happened recently. One on June 27th at 416.03 & one on July 19th at 410.85. With the recent late dark pool buy prints, are these the targets before rolling back over?
This is how we repeat
In this video I discuss another flush down to /ES 3900 and why it’s important to consider buying the market again here.
