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The EKG Market
In this video, we look at the back and forth action with the market that leaves us in limbo. We continue to have head fakes and fits and starts up and down with no real trend at all. How do you trade a market like this? I go over thoughts and how I am handling it.
Key Support Levels in S&P and NASDAQ
Whether these indices transition into distribution or a downtrend, these support levels will be in play.
Setup in HD. 10/7/2021
HD has a nice cluster pullback inside of a larger swing. Be sure to wait for triggers and also be aware of resistance on the way up.
Considering Crypto?
If you haven’t waded into the crypto space yet, there’s no time like the present. Let’s look at a technical perspective that the two majors have been doing a good job of respecting and the path they suggest into the new year.
Two Possible Setups
As the uptrend transitions into distributions, is this really a precursor to a downtrend or is there another scenario? I share both scenarios and setups in this update.
Looking for the Next Bounce
After another nasty sell-off with tech leading the way, I’ll be looking for a bounce and getting ready for the next shot lower. In this video I also discuss being long honey badgers like TSLA and NFLX.
Setup in UPST. 10/5/2021
UPST has a nice cluster of support and is a royal setup. Be sure to wait for triggers.
Crude oil and oil stocks setups to watch
With the OPEC event sending crude oil higher, the gasoline and heating oil markets are also fair game as well as specific oil stocks. Here is what is on the radar.
Last Resort
Signals are for an oversold bounce next week, could be 100+ points in the SPX, but trouble lies ahead once the oversold bounce is over. Let’s review.
A buy the dip setup to watch
As markets chop at the index level we dive below the surface to see where clarity of trend and relative outperformance is still intact: TSLA.
