Tomorrow’s Trades, Today
Nvidia chips are the way of the future, but that doesn’t mean the stock will go up every day. Monday closed well enough though, and if it has a bid tomorrow, Henry thinks this is your target.
Archives: Daily Videos
list of daily videos
Will the Market Selloff Find a Bottom?
How far down will markets go before we see buying again? I have several levels I’m watching from a Voodoo Lines road map perspective.
Back To September
September starts with a bang and the bears sweep the leg of the bulls. The signals have shifted significantly, let’s review the changes.
Next Week’s Watchlist
Focus on follow-through in these sectors and stocks to take advantage of the volatility that September is serving up.
The Labor Market
We received a lot market-moving labor data this week. The ADP’s non-farm employment change showed that companies only hired 99,000 workers last month, much lower than the 140,000 forecast. August was the weakest month for both job growth and job openings since January of 2021. So far, 2024 is the slowest year for hiring since 2005.
The Fed has been keeping a close eye on the strength of the labor market and whether the economy is comfortable to withstand a rate cut. These economic releases also make a huge difference in predicting market moves. Weak data is sending markets into a spiral, while strong data encourages a bullish market trend.
Your Next Best Trade
Trading a shortened week tends to accelerate price action. This is the next $6 move I think you can be a part of over the next two days.
Two Spots For $SPX
While the weakness in tech and semis continues, it leaves the $SPX trading between two key levels. Let’s discuss the potential roadmap from here heading into the end of the week.
Where Is The Attention?
The “market” may be just a way to talk about the S&P and NASDAQ, but it’s not the whole market. Right now the relative performance is not in tech but in financials, healthcare, staples, and even gold miners.
The ES Followed The NQ Beautifully
With the NQ undercutting important support, the odds were that the ES would follow.
Dumbest Crash Ever II
Setups aligned for new ATH in the indexes, barring some exogenous event, so let’s review the setups and the rationale.