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Will INTC Run Up Into Earnings?
We are just beginning the ‘run into earnings’ and here is one of my favorite candidates. Why? It is backed by Fibonacci analysis, thanks to Carolyn, and also has a weekly and daily squeeze. Check out the parameters here.
Monday Rallies into Resistance.
Whether or not the market finds traction on the recent “dovish” Powell, progress on the Trade War front, or general optimism from the market’s current bounce, current levels in the Dow, S&P, NASDAQ, and Russell will be a test for the bulls and an opportunity for patient bears.
Thinking About X & Y in CMG
CMG saw a decent rally with the rest of the market on Friday, but if its previous patterns are anything like what we’re going through now, we could be getting into some important areas of resistance.
Another Crash Up.
Powell and a strong Non Farm Payroll kick-started another violent rally and short squeeze. Where has this strength landed in the overall scope on a downtrend and what could Monday’s open tell us?
If You Don’t Have These 3 Things, You Can’t Time The Market?
Trying to catch a bottom or top isn’t just about price. It’s a 3 dimensional chess board.
Managing Positions into Non Farm Payroll.
It’s not just the data that traders have to be aware of, it’s Powell shortly after the NFP. Traders who are short — like we are — should be especially aware that Jerome Powell could start hinting at the future direction of rates. A little dovish tone and equities will not hesitate to correct higher.
Building Theme-Based Setups.
Finding connected and confirming setups is more important than ever. Here’s how to build trades around a major move and getting more and better setups from it. It’s the way I build all my trades.
Big Moves Coming
In this video, we look at the carnage we have had lately and what the next big event will be that may drive the market one way or the other.
Considering Shorts in XLC Again.
This rinse and repeat trade has worked well for me the last couple weeks, and I think it’s about time to look for levels to short this sector again. While I recognize it’s still an aggressive trade, I started nibbling today. Check out the video for trade parameters.
