Short NFP Week
Short week this week w/ the Memorial Day Holiday to start us off, but we do have news enough to make a difference still ahead. Let’s take a look at that.
Archives: Daily Videos
The Over Under in AAPL
AAPL has seen a quiet week so far, but if this level holds we may see another leg higher and that’s something I’d like to be a part of.
A few ideas that I’m working
Looking around I see a few ideas that I like. Some long and some short. Let’s dive in and take a look.
Long $SPX?
For the first time since March, we’ve seen the indices print 3 consecutive closes above the daily 21EMA. Looking for support at 4100, let’s discuss the potential for a bit more short-term upside should this level hold.
The Focal Point of the S&P
To access this content, you must purchase Voodoo Mastery (Quarterly), or log in if you are a member.
Range-bound for summer trading? At least the dark pool will keep us busy.
I am entertaining the idea that the markets may be range-bound through the summer with lower volume & volatility than historically happens during the summer. Even if that is the case, the dark pool will give us some setups to watch. Right now there is some interesting dark pool activity in UPS, ETSY & XOM. Let’s take a look at them.
Late sell prints, RAF Pro sell signal and VooDoo Fireline OH MY!!
There are several sell signals in XOM & here is a breakdown on why I am targeting $90.
Pressure Points: VIX, Bonds, and XLK
These three symbols can tell traders a lot about where markets are likely to head next and what levels we need to respect. May is over, and the end-of-month rally seems to have stalled.
Did the May rally change anything?
In the corners of the market that matter—the high concentration weighted sectors in the indices—not enough despite the rally that attempted to predict that the Federal Reserve would change its policy tone and action. Breaking down the indices into the sectors and stocks that move them is the best path to clarity in this retracement, and in some cases, chop.
