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“Trade This. Not That.”
Relative performance offers the edge that has continued to be the best watchlist we can build. While much attention is on tech, financials, energy, semis, and others continue to keep structure. Let’s take a look at some of the best setups in this environment.
The Only Way The Market Doesn’t Break
Plan For NFP Tomorrow
Tomorrow is the 1st Friday which of course brings the NFP Jobs report. Let’s have a look at current price action and a plan to trade it.
AAPL vs AMZN
Megacap tech earnings continue to roll in, and Thursday’s report is a bit of a mixed bag. AMZN is doing well while AAPL stalls out, and while these will be two important names to key off of on Friday there’s a bigger theme we want to be aware of that may put pressure on all of it.
The Bond Sell-Off Could Still Nail Markets, But They Are Pretty Oversold
The huge spike in yields is a huge long-term danger sign, but many markets are oversold at support.
And Down We Go!
In this video, we review today’s market action and the big flush lower. We ended the day 63 points lower in the SPX and 2.20 higher in the VIX and 10- and 30-year bond yields higher. The good news is that we did hit and hold support levels around SPX 4500, so now we need to see if these levels are going to hold and we bounce, or do we roll over from here?
Correlations Between The NASDAQ And The S&P
When there is news that affects the technology sector, you will see that ripple into the S&P. With Fitch lowering the US credit rating, we saw a significant decline in the Nasdaq today. Joe discusses how to trade the indices when there is news like we had today.
August Seasonals And Trends
With the handoff from July, August is already revealing its historical nature and reminding traders that patience will pay but will also be required this month.
Still Looking For Bull And Bear Flags
…But now on hourly time frames. With markets at resistance but refusing to go down, I will continue to look for short term consolidation patterns.
