It’s a tough environment as we head into Options Expiration Friday. This is the kind of month where we remind ourselves that treading water is okay and even a skill to develop. There is a pattern and a series of reads that has helped me tread water and not get badly caught in a falling market, and in this update, I walk you through it so you can see it, too.
We dive into the way we can track the Federal Reserve rate hikes as well as US dollar, crude oil, bonds, and the current macroeconomic trends.
Gold has underperformed for some time now, but today’s showing may be a sign of what’s to come. I believe we’ve got fundamental reasons to lean long on precious metals, but now technicals are beginning to confirm that as well.
In this video, we look at today’s stock market action and the wild swings we continue to get. We have a lot of uncertainty happening now to an already nervous market. What is causing the erratic moves we are having and how do we trade it?
In this video, we look at today’s stock market action and the wild swings we continue to get. We have a lot going on behind the scenes with concerns over interest rates, Covid, the overall economy, and inflation, to name a few. In addition, we are starting earnings season, adding uncertainty to an already nervous market. Which one of these are causing the erratic moves, and how do we trade it?
After some dramatic sell-offs this week, this question is the one that needs answering. We need to think about the range the indices are trading in, the support, as well as the market structure to determine the strategy and indicators we want to use. In this video I walk you through how to easily do it step by step.
Today, the StrikeZone Strategy destroyed the market Wednesday by taking advantage of massive ranges and solid technical setups. We shorted equities on a pop and then rode them to the lows. Take a look at how we identified these moves and how we rode them out.
There are some major factors that we need to be mindful of on the NQ monthly chart down to the daily chart. There is a daily squeeze firing short, red 10x bars, and no stacked exponential moving averages (EMAs). Structurally and momentum-wise, the daily chart is looking pretty ugly. Let’s break down the basic principles and apply them to the monthly, weekly, and daily charts, specifically on the three indexes. We’ll also take a look at some of the best looking setups in the current market conditions.