Black Friday
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
Nu Normal
News takes down markets across the world, but were the signs already there? Yes, and if so, they aren’t done yet. Let’s review.
Don’t fade this Friday Sell-off
It’s a usual practice to wait for the Sunday open and the Monday bell to see how a sell-off especially into the close is reacted to. In this case, today’s sell-off is similar to the many we’ve all seen before, and while it makes sense to get the shopping list out, let’s wait ’til next week. I explain why in this update.
Opportunity and Patience
I’ve faded previous sell-offs like the one we are seeing. It makes sense, however, to wait, since the historical volatility levels have been exceeded. Let’s stay opportunistic but patient.
Turkey Day Setup
We have a shortened week this week, with the market closed on Thursday for Thanksgiving. The market is open for half a day on Friday until 12:00 pm Central. The S&P 500 (ES) saw a reversion to the mean on Wednesday, and we plan to keep rolling through the rest of the week. While we don’t have many actionable setups for this week in particular, I want to discuss what we can expect for the next two weeks as the market is setting up for a nice move to end the year.
Big Squeezes Setting Up Into Year End
Happy Thanksgiving eve, traders! In this video, we’ll discuss bigger picture analysis and share some light on what we can expect for the next two weeks and into the end of the year. We’re excited that the S&P 500 (ES) reverted to the mean after hitting the 3+ average true range (ATR) for the second time year. We are seeing a beautiful daily squeeze set up, which we will use as our next compass.
The trigger for more upside
Follow-through in any market relies on structure then pattern and here’s what is setting up for the indices as November is winding down.
Currency, Bonds, and Metals Setups
I am bullish dollar but also gold and silver. And the 10-year bonds are still in a downtrend.
It’s Ugly? Buy the Dip. And The Only Thing That Can Stop Inflation . . .
As the markets get more volatile, it’s important to understand what a normal pullback looks like vs. the end of a stock’s run.