Sell The Rips Next Week
Pretty straightforward here, the market in a slow freefall. In times like these I want to remain short and be ready to short every rip higher.
Archives: Daily Videos
Indexes Making Lower Lows?
I foresee some Monday Weakness in the future, so shorting will be the name of the game. Let’s take a look at the S&P 500 and the Nasdaq to get our game plan ready for next week.
New Lows, Or Not?
The selling on Friday was significant and we’re likely to see at least one more leg lower. From there can stocks bounce, or does SPX head directly to new lows? This sentiment reading may help us make that decision on Monday.
Evaluating the Next Leg Lower
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Banking With The Bears
We setup sell signals for TDOC and RBLX earlier in the week and with both of them closing on their lows today it’s a setup worth knowing. We’ll also update XHB where we’ve seen some strength but haven’t made the lows, along with what this market needs before we can start buying stocks.
Failure At 4500
We knew coming into Thursday that 4500 would be a key area of resistance for the S&P. With the index closing nearly 3% off the highs we see just how key it was. Closing on the lows usually bodes well for more bearish action, and we really need to see the put/call ratio get above 1 before any kind of meaningful low can be made.
What are the opportunities with today’s sell-off?
It seems we have come full circle from a week ago and the S&P has not gone anywhere “new” despite TSLA and NFLX earnings. We can look elsewhere for the path of the indices, and we do just that in this update.
Macro Market Deep Dive
As the S&P refuses to breakdown from last week, has anything truly changed about what is next for the indices? Likely not, however, there are other trends that are clear and worth a look for setups.
What is the Mid Week Shuffle?
Mid week update since we last met Monday afternoon. The market is higher but can and will it hold? I’ll do my best to prepare you for both scenarios up and down from here into the end of week.
Chop Fest
In this video, we go over the price action so far this week and what I am looking for in the coming days. We have all the big tech reporting next week with AAPL and AMZN both reporting next Thursday. We have to watch this as this along with NFLX, TSLA, MSFT, GOOGL will have a huge impact on the market direction.