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Identifying Relative Strength
The move lower yesterday in technology stocks was a bit destructive, but that doesn’t mean the entire market is suffering. Let’s talk about identifying relative strength winners, and where to look for potential bounces this week.
Time to panic? or to buy?
The NASDAQ and Dow have been in chop while the S&P tries to hold onto a fresh uptrend and the XLK ETF is also holding on to it’s uptrend (I explain the importance of this in the video). The choppy market accelerated lower today on the FOMC Meeting Minutes and seasonally there is a quick pullback early in January before resuming the uptrend. Let’s take a look at why I am still bullish but why we need to decode chop with the Slow Stochastic.
Hold onto your hat!
In this video, we review todays market action with the FOMC minutes and discuss the impact that the change in FED direction is having and will have on the market going forward. Is this huge sell off a buying opportunity or a sign of things to come?
Oversold 10-year bond setup
The catalyst could be tomorrow with the FOMC Meeting Minutes. Using that as the reason for a bounce from an oversold level in the ZN 10-year futures, I walk through the specific setup and pattern that needs to trigger to validate the buy and where the upside target would be.
Oversold 10-year bond setup
The catalyst could be tomorrow with the FOMC Meeting Minutes. Using that as the reason for a bounce from an oversold level in the ZN 10-year futures, I walk through the specific setup and pattern that needs to trigger to validate the buy and where the upside target would be.
Squeezes in the Semis
We’re coming into 2022 with a slightly bullish structure in the S&P 500 (ES) and QQQ (NQ), which should trigger strength across the board. One spot we’re focusing on is the semiconductors (SMH) as it has continued to hold structure over the last few weeks of volatility.
Building good trading habits for 2022
In this update I walk through the seasonal tendency for January as well as the sites and habits that will help you find trades this year. All of these are things I check each and every morning allowing me to see the volatility hot zones coming each week and the trends that they are occurring in which in turn helps my select the best indicators and setups for my trades.
How to trade the chop in crude
Crude oil has broken the previous downtrend and is now in chop. With a couple simple (and free!) tools, I show you how to decode the chop and setup a long trade. In chop finding overbought and oversold levels is the key, this specific indicator and setting helps do just that effectively.
One Chart to Trade
Apple is as good a company as ever, but technically we could see it come in a bit tomorrow. On the flip side ROKU is setting up a bullish trade and depending on where we close on Friday may be worth holding into the new year.
December chop suey
Seasonally the move has been made and yes, you can say Santa did his job. The indices are in chop – as is historically the case in December – so no surprise the indices are stalling at the range highs and struggling to regain their Monday session mojo. There are corners of the market worth focusing on and I explain why and what they are in this update.
