In this video, we’ll break down the overall market conditions, noting that the market is extended and has been trading above 3+ average true range (ATR) for the second time this year. We saw a slight pullback but the market has remained resilient, continuing to grind higher. We’ll also review the volatility index (VIX) as it has rallied higher and what we can expect to come next.
In today’s premium video, I’ll be sharing my thoughts on the major indices, the Volatility index (VIX), and one of my favorite setups for the week. The market is technically extended with keltner channels showing exhaustion levels as we hit the third average true range (ATR) for the second time this year. We’ll be using VIX and its key levels as a compass to help us map the path of the market going forward. Remember, it’s important not to hold too strong of a bias and instead listen and react to the market.
Natural gas aka “natty gas” has maybe one more trade brewing to the long side, and here’s the setup.
Trend followers look for two things: 1) Trends and 2) Pullbacks and we have plenty of both early in the week.
We begin tonight’s free video with a recap of analysis from a month ago, move into ideas that are shaping up now, and one of my favorite ways to diversify.
November is well underway and bulls remain in control. There are reasons to be cautious, but I continue to focus on the trend and finding the best performance inside that. Let’s review those names and some of my favorite 3—6 month picks.
With an active week of FOMC speakers, the US dollar is in play and here’s the setup to watch for.
Trends are back and taking over, lots to look at and trade as we head into November and a busy week of FOMC speakers and inflation data.
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.
