One Chart to Trade
Apple is as good a company as ever, but technically we could see it come in a bit tomorrow. On the flip side ROKU is setting up a bullish trade and depending on where we close on Friday may be worth holding into the new year.
Apple is as good a company as ever, but technically we could see it come in a bit tomorrow. On the flip side ROKU is setting up a bullish trade and depending on where we close on Friday may be worth holding into the new year.
Seasonally the move has been made and yes, you can say Santa did his job. The indices are in chop – as is historically the case in December – so no surprise the indices are stalling at the range highs and struggling to regain their Monday session mojo. There are corners of the market worth focusing on and I explain why and what they are in this update.
December is nearly done and 2021 is almost in the books and it’s time to shift to a beginning of the year mindset and approach where relative performance and watchlist building will be even more important than it was in this outgoing year. 2021 has already reminded us that the broader markets will not always move in relentless uptrends but certain corners of the market can. Here’s how we want to breakdown the markets as we head into January.
Today I am looking at an overall setup on MSFT. Currently we are seeing some chop, but MSFT has done a great job of continuing to hold support while maintaining an overall bullish trend. With earnings later in Jan I am looking for a potential move higher out of this consolidated range going into that announcement. In this video I walk through the charts as well as trade ideas to consider.
GOOGL has been started to set up squeezes not only on the intraday charts, but the Daily and Weekly as well. In this video I discuss the charts and levels as well as some trade ideas to consider playing this bullish into the new year.
The S&P 500 has met our minimum upside expectations by making new highs above the November peak. Beyond those price objectives, there are pattern objectives which would call the index yet higher.
Expectations for continuation may be met with disappointment and it has to do with December chop and what the Santa Rally usually does. Let’s take a look at the usually action in December and why with Monday’s move Santa may have exhausted himself.
With both the technical trend and the macroeconomic trend in place, the long US dollar setup is one that could not only trigger this week but also take us into next year. In this video I explain how I have been buying the dips in this market.
Before I prep and lay out a thesis for the market, I like to plan for the few scenarios the market can see – above (bullish), below (bearish), or sideways. The S&P 500 (ES) has been setting up a 2-day squeeze as the market chopped due to the economic events leading into the holidays. Will the squeeze fire and launch the ES to all-time highs? Let’s take a look at the market conditions and set the tone for the new year.