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AAPL Can’t Fight Gravity
Are We Still Buying The Dip?
The train tracks have left the building, and NVDA can’t save the market.
Bears Win
The idea of a Pit Bull and Mid Week Shuffle low was simply not in the cards this time. I followed the plan and tried to buy it but to no avail. With that, here is what I can see as what may be next…
“Box” Charts Have Nailed Markets Correctly
The Box charts, only for paid subscribers, have been showing great ideas in the indexes and the stocks.
How Joe Traded The Fed And Came Out Ahead
Most Federal Reserve officials in the July policy meeting remained concerned about inflation risks, potentially leading to more interest-rate increases. The key issue is whether the current policy interest rate is adequate to achieve the desired goal of 2% inflation. While some members are worried about a potential economic downturn, others see the economy as resilient.
How To Handle A Good Trade Gone Bad
In this video, we discuss the overall market volatility, but I wanted to focus on what happens when you have a good trade gone bad. Your choices are to pull the plug or possibly defend it. I walk through a live example I have on for a Bullish NVDA trade and how we managed it as it dropped 42 points. How was I able to not only stay in the, but reduce my overall risk and increase my profit potential as well?
What Is The Dark Pool Saying About This Pullback?
There has only been one late set of Dark Pool prints. Check out the video to see what it may mean.
FOMC Minute Moves
The FOMC Meeting Minutes will be released tomorrow at 2 PM ET and this is the glimpse many traders and investors are waiting on to see if there is still another 1/4 point hike in play.
Markets Breach Support
Most markets broke support levels that have held for months. I will look to short rallies until proven otherwise.
Walmart: Earnings In Focus
Walmart reports earnings on Thursday, August 17th before the bell. While I like the company and am bullish on the stock, Walmart has already had a nice higher run and is near targets. So, I am looking at making a neutral trade in the options market to bet on a trade within the expected move. For this earnings report, I will be specifically listening to how inflation has impacted sales, what areas of growth the company is focused on for the rest of the year, and how grocery sales are going.
