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Nu Normal
News takes down markets across the world, but were the signs already there? Yes, and if so, they aren’t done yet. Let’s review.
Don’t fade this Friday Sell-off
It’s a usual practice to wait for the Sunday open and the Monday bell to see how a sell-off especially into the close is reacted to. In this case, today’s sell-off is similar to the many we’ve all seen before, and while it makes sense to get the shopping list out, let’s wait ’til next week. I explain why in this update.
Turkey Day Setup
We have a shortened week this week, with the market closed on Thursday for Thanksgiving. The market is open for half a day on Friday until 12:00 pm Central. The S&P 500 (ES) saw a reversion to the mean on Wednesday, and we plan to keep rolling through the rest of the week. While we don’t have many actionable setups for this week in particular, I want to discuss what we can expect for the next two weeks as the market is setting up for a nice move to end the year.
The trigger for more upside
Follow-through in any market relies on structure then pattern and here’s what is setting up for the indices as November is winding down.
Why did Tuesday not turn?
Tendencies are not trades and Seasonals are not setups. There were a lot of reasons to look for some resilience this session, but it just did not organize. What was the first clue? I walk you through a simple but powerful level to watch each day.
Trading LOVE
Lovesac has some pretty comfy furniture, and a lot of people betting on the ticker trading lower. However, it has a great daily setup, earnings and high short interest. Here is a look at how I may trade it.
Turnaround Tuesday NASDAQ Setup
Sure, not all Tuesday turn around, but the NASDAQ sell-off into the Monday close could present an interesting fade. Here’s the setup.
Animal Farm
All tech stocks are created equal, but some are more equal than others. This is an important one, let’s dive in.
