It’s A Trap!
The market tumbled hard on Thursday but recovered much of the loss here today. There were clues that the sharp decline was a classic bear trap and I’ll walk you through what they were and why I’m still looking higher.
list of daily videos
The market tumbled hard on Thursday but recovered much of the loss here today. There were clues that the sharp decline was a classic bear trap and I’ll walk you through what they were and why I’m still looking higher.
This has only happened twice this year. On Thursday the volatility shook the indices, but has it changed the bullishness of the S&P?
Stocks took a hit on Thursday and left several daily charts looking quite weak. Where we go from here could hinge on Friday’s payroll data.
Stock indexes are in a bit of a quandary. I can’t tell you I want to buy all the things, but these are 3 names I’ll buy at almost any price.
In order for squeezes to fire to the upside, they need both structure and momentum working in their favor. Let’s analyze the daily squeeze in the $QQQ futures from this point-of-view.
Where are the next setups? And where is the follow-through? Taking advantage of this market means seeing what is creating the volatility and the trends and in this video I explain what is working and why.
Even with the indices coming off today, GOOGL made a new all-time high. Even so, it looks like it has at least a little more room to run.
Microsoft is primed to trade to a new, all-time high ahead of earnings and I want to be along for the ride. I’m using the Run into Earnings plus the 195-minute squeeze to get long. Check out my new butterfly setup to learn more.
With a 3 day weekend ahead of us, it’s hard to know what Monday will look like. However, I do know what the charts I want to be long look like, and we’ll look at a few of those tonight.
After going nowhere all day, the SPX sold off 5 points in the last 15 seconds. For next week, we have to see if “sell the biggies” reverses.