Under Pressure
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.
Archives: Daily Videos
Buy & Hold Is Dead
Higher interest rates are pressuring megacap tech and that’s keeping markets subdued. Let’s review the why and the adjustment to make going into 2022.
Dead Cat Bouncing?
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Micro-Voodoo Sheds Light on NVDA
We’re seeing some potential support areas in NVDA as well as resistance area which needs to be cleared to confirm an uptrend. While you might be familiar with the Voodoo Lines indicator which can add information about support and resistance, in this video lets explore Micro-Voodoo levels which are providing extremely effective levels right now.
A case for more selling next week
In today’s premium video I outline the caution I believe is needed to trade next week successfully. Monday could be crazy, and if for any reason we gap up, I might want to stay short. Here’s why…
What is setting up for next week?
Now that Non Farm Payroll, FOMC Meeting Minutes, and PMI numbers are behind us, what lays ahead? We will trade what we see not what we think. We will rely on market structure and support and resistance. The first dip of January is (historically) bought and generally rallies to mid-February. So we will focus on relative outperformers for this stretch on the calendar.
Macro Market Deep Dive
Rate hikes, jobs, earnings are going to make for a volatile but potentially bullish run in equities and indices into (seasonally) mid-February. But we need to get past Friday’s Non-Farm Payroll to find some smoother seas. Overall the market “knows” via Fed Fund futures that the timeline to rate hikes is now easily May and maybe even March and yet the indices are not melting down (that may change the second half of February). Let’s look at the ranges we are dealing with and the near-term opportunities ahead of us.
Trading Ideas in a Teetering Market
The indexes, particularly the Nasdaq, has broken key levels after yesterday’s flush, but there is still a chance they could hold up, and trade higher from here. Check out the video to learn what key signals and levels I’m watching, along with some potential trade setups in WM, TSCO, QCOM, MRVL and more.
Are we there yet?
As the market struggles to find direction and follow-through it makes sense to look at the catalysts that could help clarify what is next. In this case it’s Non-Farm Payroll, FOMC rate hike expectations, and the financial stock earnings. The indices are not in up or downtrends; the equities are in chop. This is a notoriously difficult market to trade for many, but it does not have to be. I walk you through how to see the choppy environment and then how to recognize the actionable levels.
Identifying Relative Strength
The move lower yesterday in technology stocks was a bit destructive, but that doesn’t mean the entire market is suffering. Let’s talk about identifying relative strength winners, and where to look for potential bounces this week.