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Why the S&P is going lower
And more importantly, how to trade it. The S&P closed below the 200 period EMA today on options expiration. The only index still above the 200 EMA was the S&P, and that is no longer. So how do we trade this? Where are the long opportunities? And the short opportunities. This video explains what I will be looking for next week.
Time to be nimble
In this video we look at the garbage market and talk about the trends or lack of trends in the current market. How do you make heads or tails out of this? I discuss how I am trading and it is working, but it is a little more work than normal.
Early to the Party?
It’s still hurry up and wait for this market until after the holiday weekend. So, in this video, I discuss being early to what could be a surprising reversal.
Spreading Risk Into Earnings
There are a few things that have me looking into Honeywell for tonight’s video review. The daily Squeeze and the proximity to earnings are the foundation of the idea and with a spread strategy that’s shown an edge over the past 2 years, we may have some opportunity over the next 2 weeks.
$710 million seller on FB?
FB appears have a seller that unloaded 3.1 million shares at 222.95 over the course of 2 days. With price breaking support & back below all key moving averages with a larger seller at 222.95. This combination of order flow and a technical setup puts FB at the top of my list for a great looking short.
Trends On the Radar.
The market may not be behaving in the places traders would like — S&P, Dow, NASDAQ — but it’s all about finding the symbols with the path of least resistance, and that is what we take a look at in this update.
AMD Approaching Support
In a falling knife environment you have to be careful calling for a bounce, but AMD has a pattern that’s worth looking at and has me considering a specific options strategy over the next few weeks.
What’s one more day?
For such a weird opening to a short week, I’m trying to give this market one more day of selling, so let’s discuss.
Betting Against Boeing
Boeing has struggled for several years, and at this juncture, I can’t imagine their situation is improving. With the current setup to the downside in IYT, plus inflation, supply chain issues and rising prices of so many key components, I am eyeing more downside for Boeing. Here is how I’d trade it.
Don’t Fight The Fed (Up or Down!)
Market trends are narrowing to a few select sectors, but those sectors have clean setups in a market that is not broadly trending… let’s find where these are and the best setups inside the group.
