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A Little Love for Gold Bugs
With the uncertainty in equities, and the Fed emergency meeting due up Monday, gold is finally starting to find its place in the sun. Today was a big day for the precious metals, and there’s a few ideas I’d like to update on this trade idea.
Where are the NASDAQ heading to next?
With downtrends intact, rate hikes imminent, and retracements triggering short entries, the NASDAQ and Russell have begun their descent. Now the question is where are the targets and how can this directional bias help daytraders find high probability entries? I explain what tools I use as well as the way in which I will handle targets in this volatile environment.
Are we back in Buy the Dip mode?
In this video, we look at the big rip higher we have had after the last couple weeks big sell-off. Is this going to continue and what do we need to watch to give us clues?
Preparing for the Inflation Data Tomorrow
Tomorrow morning we will see what I believe to be the most important CPI report of recent record. In tonight’s video I want to lay out a plan for the market’s response to that report and precisely how I would like to trade it.
How and Where to Short the Rip
On up days like today we can look at downtrends that are correcting/bouncing, aka “the rip” that we want to short. However this is not valid in all indices, sectors, and stocks… we need to start with STRUCTURE. In this update I show you what (free) tools I use as well as how to know where and when to short the rip in the downtrends of this current environment.
The 3 Best Charts
Of the charts I’ve reviewed this week, there’s 3 that stood out for some of their technical qualities and I want to keep a close eye on them for 3 different kinds of trade opportunities.
Putting S&P Futures Under a Microscope
When trying to identify the next move we can look to clues from the Voodoo Lines and the Micro Voodoo Lines which help spot support and resistance for smaller-timeframe swings.
A Look At Leading Stocks After Weak Monday
Surprisingly weak close for the Monday session. I thought the SPY could bounce again into overhead resistance, but so far, couldn’t do it. I then look at leading stocks like AAPL, AMD, and GOOGL to see what stories they tell me. They could clue us in for timing as well.
Go nowhere Monday, but get ready for tomorrow
Today was choppy top to bottom with no resolution, but tomorrow holds promise for the reasons discussed in this update.
