Taking Advantage of the Range
With the NASDAQ and S&P stuck in a range, let’s look at what the possibilities are for the range to persist and what will trigger the breakout.
list of daily videos
With the NASDAQ and S&P stuck in a range, let’s look at what the possibilities are for the range to persist and what will trigger the breakout.
The surge in commodities is bad for bonds. IT makes it much less likely the Fed will lower interest rates, if inflation is rising.
The PCE is coming up on Friday and it is the favored data metric for the Federal Reserve’s outlook on inflation. In the meantime there are some trends to focus on as end of month approaches.
The Squeeze is one of my favorite technical signals and we’re seeing several start to show up on 3 day charts. Let’s dig into the idea behind this timeframe and look at a few stocks that may be setting up into June.
We have a fresh A+ setup on the weekly chart for $QQQ. While things remain a bit overbought in the short-term, this setup points to a path higher for tech. Let’s dive in and take a look.
While NVDA may have grabbed all the headlines, that’s not where the next best setup is waiting. It’s not time to be a bear, let’s look at the relative performers going into next week.
The SPX saw its biggest down day of the month. Is this normal? Is there more to come, and what might be our next targets? All of that in tonight’s video review.
Even with NVDA opening up, there were so many negative divergences that we shorted everything after the opening.
In this video, we discuss the bullish market action over the past several weeks and today’s big swings. The last big tech stock to report this quarter is the Mag 7 Crown Jewel, NVDA, which reported today after the close. So far it looks like a nice beat and raise along with announcing a 10:1 stock split. We did not get the “Sell in May and Go Away” this year, so what comes next? We look for clues on the Economic calendar and have CPI, PPI, and the next FED meeting coming up in June.
What is in play, and what are the opportunities as traders await more insight into monetary policy.