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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.
All that Glitters is Gold!
In today’s update I give a review as to how I am looking at equities on the markets. More importantly though, one thing I’m looking at is Gold, it’s glittering.
Are You Ignoring These Important Levels in AMZN?
AMZN continues to obey support and resistance at important Voodoo Lines levels including an all-time high at a Voodoo Treeline (the second most important type of Voodoo Line) and then multi-year lows at another treeline. Now it’s at an even more important spot.
Twitter Taken Over by Elon Musk
Kody spotted potential insider trading by seeing unusual option activity. He combined the order flow to a technical pattern for a high probability setup.
Trends hiding in plain sight
The indices may not know which way is up or down yet and most sectors are caught up in the same confusion; however, there are certain trends that are thriving and that is where our attention is in this update.
Hawkish FED?
In this video, we look at today’s price action with the FOMC minutes being released and try to make heads or tails from it. We have had a 500 point move straight up in the last 2 weeks and now we’re seeing some signs of weakness. Is the next move up or down from here? We also talk about trading this market and I share what I am doing that is working.
