GOOGL Run Down into Earnings
In this video, I walk through the Weekly and Daily Chart on GOOGL and discuss a potential move into earnings we could see, as well as two different ways to trade it.
In this video, I walk through the Weekly and Daily Chart on GOOGL and discuss a potential move into earnings we could see, as well as two different ways to trade it.
It looks like it all kicks off Wednesday of this week when we get PPI & FOMC Minutes. Following that is CPI Thursday and then earnings Friday. This being the case, I am looking at bouncing around a little bit until then, when we see the next real leg.
Wheat and Corn both had big moves today but the clear winner was Wheat by a landslide. I continue to exercise patience with Coffee and want nothing to do with the Beans. Energy still works and I continue to think that 6.2 is the spot to pick up Nat Gas.
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
In this video I discuss a very interesting repeating pattern I’m picking up from June to July. Next week we have CPI and PPI, following thereafter we have earnings and mid-term elections. Folks, it may not be popular, but if you want catalysts for a short covering rally into November then check out this video. In other words, this cowboy ain’t following the herd.
In today’s video, I speak on market volatility, and the chance of a continued short covering rally. Yes, I said it, it’s not popular, I get it, but in this video I discuss a pattern with symmetry that we have from June. I think it’s worth being aggressively long for a short covering rally into November. It may take some time, so here’s my specific levels worth paying attention to for this to happen. Have a great weekend.
This week’s bounce in the NASDAQ-100 index failed to get back to important resistance and that sets up a move to even lower levels.
There may be no reason to buy anything in this market, but if there is, I want to find the best chart, then try to use the best strategy. This is one take on that perspective in the still leading provider of streaming content, NFLX.