Macro Market Deep Dive
Trends to watch with an eye on a longer time-horizon. Bonds, crude, tech, health care, gold, and more.
Trends to watch with an eye on a longer time-horizon. Bonds, crude, tech, health care, gold, and more.
In this video, we look at chart levels on the indices to see if we can make heads or tails of this market. In reading the charts, I see no reason we don’t go higher, but I am a very cautious bull for sure. We look at levels to watch and where we might go.
In this video, we look at the range-bound chop we have had for the last ten days. We are getting past all the major earnings and wondering what to expect next. I see no reason we don’t go higher, but I am a very cautious bull for sure. We look at levels to watch as well as a few names to watch. Lastly, we go over a QQQ fade — trade idea.
Whether it is futures or options, there are some basics we follow as we make choices about the daytrades we take each morning: Today it was the NASDAQ.
What’s on the trend watchlist? Bonds, Natural gas, NASDAQ, S&P, Healthcare, Tech, and more. I also discuss which markets are in chop and fade-able.
While August opened on a modest note, Tuesday’s strength suggests we may see another new high for stock indexes. You could play the move through an index ETF like SPY, or could consider WMT or NVDA, both of which I have setups on heading into next week.
Stock indexes opened weak but closed well, and if the daily charts are any indication of what’s to come we have to consider the potential of a new high. If bulls are still in charge it’s imperative we find some leadership. Let’s review where we might find that and a few ways to trade it later into August.
The early rollover intraday in the indices was quickly faded — meaning traders and investors bought into weakness. What does that say about panic and pullbacks in August? I discuss that and more in this update.
Today’s sell-off and recovery offers a glimpse into trader and investor psychology as we kick off August.