In this video I discuss what oversold conditions could mean for next week. Next Monday is important because we need to observe it as one more day for bears to flush out and take profits. If this is achieved, I think we have oversold conditions at the ripe time of a fresh new earnings cycle. I’m expecting a bounce.
Dollar strength has been a key theme of this market for some time, but I don’t think it’s going anywhere and these asset classes are the next to be impacted.
On days that are as volatile as Thursday, there’s always going to be something to learn. One thing that stood out for me was the put/call ratio, so let’s spend some time looking at how we made use of it at the open and how it may be useful in looking for the next top.
Talk about two-sided trade. CPI data was released early this morning and after a near 200 point range in the S&P, we’ve got plenty to cover. Let’s dive into a recap of the session along with the outlook for Friday.
Today’s rally can be explained by the recession models that are making the rounds. The rally lines up with the historical recession models being an inverse indicator.
How likely is the U.S. to go into a recession? How is that measured? Here is what price and volume say about the prospect of significantly lower lows.
It looks like the dark pool has been buying IAU. With the large transactions below, daily technical pattern, and trigger that offers a good risk to reward. Here is a potential bullish idea.
It appears that institutions were selling near $250 & the trigger lower just hit.
