Signs Of Strength
What do we measure to see if the current strength has any follow-through. There is plenty to like after Non-Farm Payroll to end the week.
Archives: Daily Videos
list of daily videos
AAPL: Out Of The Frying Pan And Above The Fire?
AAPL has been under pressure lately with worries about its prospects in AI, legal woes, and iPhone sales in China. Earnings yesterday launched the stock back above its Voodoo fireline, which is the first step to regaining its uptrend.
The Big Rally
Major indices rallied today, thanks to the flood of optimistic earnings reports. When earnings come out after the bell, we can look to see indices already up for the day by the time we trade in the morning. This can help us find some great pullbacks as the day carries on. This is one of the simpler ways to play earnings movements.
Real Ranges
Wednesday brought a real range for the SPX, 82 points as it were, and that’ll make for some real decisions for traders tomorrow.
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.
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.