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The Current Forces At Play
Union Break
Bulls decided to take a little time off today as they needed a rest. Tomorrow is the end of week in front of an OPEX week, so let’s look at a potential support level to hold for another run.
Your Next Best Trade
We’re going to get into a sector based outlook tonight that when viewed with the correct time horizon, I believe could be a helpful piece of your next best trade.
Many Indexes Had Strong Downside Reversals. Will the NDX Follow?
With the bond market selling off, the only index that held up great was the NDX 100. But only a few stocks within it kept it up. I will be looking at those big stocks closely for any signs of bearish reversals.
Weekly Squeezes: Round 2?
Earlier this year, weekly squeezes in the indices + leading stocks led to explosive moves higher throughout the market, With new weekly squeezes printing, are the markets gearing-up for round 2?
CPI Tomorrow
After a rather hot PPI report this morning we will get another number in the morning, CPI. Let’s see what is in the cards but either way I have a plan for you that we can look at in tonight’s update.
SPY Learned How To Fly, Now Is It Time To Die?
The rally was fierce, but it was just a vacuum back to the mean.
My Three Favorite Levels For Daytrading
Put these levels on your chart each morning and then follow their lead.
Short Term Bear Flags Forming in NQ Stocks
The NDX index is showing some loss of momentum at the daily 50 SMA. In the meantime, some of the big NDX stocks, like MSFT and AAPL, are showing some small bear flags.
Taking Profits In META
Pre-earnings momentum is right on schedule, just as the Hot Zone said. Meta was my top pick for a pre-earnings momentum setup, and it’s made my first set of targets. Where do we go from here? Let’s take a look. In addition to rising prices, we are also seeing rising volatility, which will be great for overnight earnings trades. I’m discussing these setups during my free webinar this Wednesday at 7 p.m. CT where I’ll demonstrate how I made $1367 on ADBE overnight, and more. Join me by signing up at www.simplertrading.com/nightly to learn more.
