Send In The Clowns
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.
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.
Bears have a slingshot, bulls are riding in Abrams tanks. Let’s review the strategy adjustment for extended markets.
Whether it’s crude oil or oil stocks, we want to follow this trend as it is one of the best in any corner of the market.
There is a lot to like in this market without having to trade the indices. Here’s what I will be watching next week.
Apple could hold the key to the NASDAQ’s next move, and based on where AAPL could move to after earnings could signal a short if we reach a key level.
With the last of FAANG earnings and heading into the much anticipating November FOMC Meeting, the elastic overbought levels could contain the chop in the indices but there are trends elsewhere worth watching.
Facebook announced today they’d be changing their name to Meta. While that may fit their future ambitions, it doesn’t change their current pattern, and might be something worth getting some bearish exposure to.
As we approach the final day of the month, several of the themes we’ve been discussing have come through fairly well. Between the path of least resistance in stock indexes to the range in the 10 year, it’s worth recapping. We start there, then move into some potential seasonal patterns for November.
In this video, we talk about the extreme swings we are having as we make our way through this volatile earnings season. As we look at the charts, we try to decipher the levels and where we might go once we get past earnings.