Will the market start 2023 with a good mood or a hangover?
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Archives: Daily Videos
U.S. Markets Closed on Their Highs. World Markets and Bonds Closed on Their Lows.
Most expect a huge beginning of the year rally. But if world markets and bonds cannot rally, then markets may make new lows soon.
ADBE at a decision point
ADBE is trading right at the 100 SMA on the Daily Chart and continues to hold it as resistance. In this video I walk through a few different trade ideas to consider if the underlying price continues to hold the 100 SMA as resistance as well as some potential targets both up and down in case it breaks above this level.
MCD and SBUX ready to bounce off Support?
In this video I walk through both MCD and SBUX chart patterns as well as a few different trade ideas to consider if support levels continue to hold.
Voodoo Fireline resistance reveal bearish road maps
Resistance earlier this month at Voodoo Firelines in both the S&P 500 and NASDAQ-100 create roadmaps which point lower. The picture will remain bearish so long as bounces respect Voodoo Lines resistance.
Has Santa left the building?
The bounce from last Thursday’s low arrived right on time both for the typical start of a Santa rally and for the end of a five-wave pattern from the 12/13 high. However, the structure of the bounce appears counter-trend and the S&P 500 could roll back over once Santa’s influence wanes.
End of a long year!
In this video, we look at today’s continued selling and the last several weeks of market action. What do we make of this market action and where do we go from here? As we go into the end of the year, we look at the charts and try to figure out if we go higher or lower and more importantly, what happens in 2023?
2022… Party’s over, oops, out of time!
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2022… Party’s over, oops, out of time!
In this video, we look at today’s continued selling and the last several weeks of market action. What do we make of this market action and where do we go from here? As we go into the end of the year, we look at the charts and try to figure out if we go higher or lower and more importantly, what happens in 2023? Lastly, we go over a very unusual “custom” trade set up for the end of year and talk about why I set it up as I did.
All it takes is one. One setup, one trigger.
The idea that we must look at many symbols and many setups can be both unproductive and intimidating. So here’s how I traded with the chatroom this morning and the one trade setup that triggered.