Watch the Bonds!
The underperformance of the bond markets is a big warning sign for the equity markets. I would love to find some short ideas here, but as the video explains, we need to see bearish patterns, on short-term timeframes, develop first.
The underperformance of the bond markets is a big warning sign for the equity markets. I would love to find some short ideas here, but as the video explains, we need to see bearish patterns, on short-term timeframes, develop first.
A couple weeks ago we spoke about one of my favorite measures of sentiment, and what to look for when we might see that sentiment shift. That came through this week and was a big part of what prevented a further advance in equities.
Last week I was working with a theme that equities could be under pressure. A big part of that has come through via recent earnings but a big part of that has been eased with a lower US Dollar. There’s a lot to unpack tonight; let’s dive in.
Volume bases support and resistance can offer an edge on anytime. In this update I walk you step-by-step through the trades we took in the room today and why.
With the post-earnings sell-off in Amazon, does this change the NASDAQ and S&P trajectory?
Check this video to see how the Strikezone Crushed the market today buying the dead low and selling the dead high. Joe’s HVA’s served as perfect support and resistance today, mapping out a great read.
Today the SPY had 16.7 million LATE sell prints at 384.83 & it looks like the inverse cup & handle is back in play.
With GOOG, MSFT & META now behind us, who’s next? AAPL & AMZN followed by FOMC & NFP batting clean up. What a line up. Not an easy call, but I’ll do my best to navigate the anticipated volatility.