We’ve Reached Key Resistance Levels — Are We Done?
Remember, it’s not what is happening now, but what the market thinks will happen 6 months from now that is important.
Archives: Daily Videos
The Next Catalyst
With setups brewing in the Euro, gold, and bonds, here are setups on the daily timeframe that are on my radar.
Why the bulls are in charge.
It’s been the same story nearly all year, new lows are triggering short squeezes; however, what does the overbought S&P say about the short side now?
Voodoo Fireline is just one element of NDX resistance
Today saw the NDX rally into multiple layers of Fibonacci, Voodoo Lines, and channel line resistance. The Voodoo Lines road map will help identify where it could go from here.
Planning for Turbulence
The question is likely, Was that the retracement or is there more ahead? If more, how much and what kind of targets can we try to plan for? Let’s take a look at that in tonight’s market update.
These I like. Those I don’t
There are a few things that I like and we will certainly have a look. Some things just take time and for those we seem to be in the waiting period. While waiting we can certainly day-trade the intra-day price swings. That definitely appears to be the case in the equity complex as it slows to catch its breath.
Tomorrow’s PPI holds clues to interpreting resistance levels reached today
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All Eyes on the PPI Report
The bond market led stocks last week on the way up. Any sell-off of bonds, and the /ES could go back to the 3900 level.
Is NFLX a Honey badger?
NFLX has done a good job of holding above the 100 SMA when the market dropped back down this fall. Now that the market is attempting to bounce, that could help NFLX with some bullish momentum. In this video I walk through the charts and a couple of trade ideas to consider, depending on how NFLX looks into the close.
SM squeeze to the Upside?
SM overall has done a better job holding up this year being in the Energy sector but unlike other names that appear to be at exhaustion, SM has been building energy into Daily and Weekly Squeezes. In this video I walk through the charts as well as trade ideas to consider.