Trade Like An Algo
After a volatile session, my signals are pointing towards the potential for more downside in the markets. Until things change, here’s the game plan.
Archives: Daily Videos
list of daily videos
Profit Taking Sell-Off
Today’s moves in gold, miners, copper, and energy were some of the most dramatic month-end profit-taking moves we have seen this year. However, are these moves done, or is this simply a pullback until the next move higher?
Overbought in a Downtrend Means Bearish Patterns Are More Likely to Work
The perfect storm happened today. Bonds testing lows, while indexes had overbought MACD’s with prices at resistance.
Earnings In Focus: AMD
AMD reports earnings after market close tomorrow. This is one of the most important earnings reports this week. Let’s look at bullish and bearish targets, along with neutral and directional options trades.
Systematic Movement In The Nasdaq-100
Stocks have a way of moving systematically from Voodoo Line to Voodoo line. That systematic movement saw NDX making an all-time high at a Voodoo fireline in March, and then dropping to support at a Voodoo snowline. While the lines don’t tell us with certainty what will happen next, they highlight a pair of paths and give us a way to evaluate which is likely being followed.
Hanging On By A Thread
Equites have seen a nice bout of strength but there’s only one way that continues, and I believe it’s in the hands of this chart.
Shining A Light On The VIX
Two major levels were broken this week which suggests better follow-through as long as they hold.
Happy Now
Mixed signals with a slight lean into next week with big catalysts, let’s get our plan squared up.
Go With The Flows
We had a nice setup in TSLA today. It may or may not continue into tomorrow, but these are levels and trades I want to make sure you’re aware of.
Today, The Dow Jones Transports Showed A Bullish “Tell”
The weakness in the Dow Jones Transports yesterday was a great tell other indexes would follow. But with the $DJT rallying today, all bets were off on the downside.