When In Doubt, Key Off The “Biggies”
When I look for bearish setups, not only do I look for bear flags, but I also look at the action of the leaders.
list of daily videos
When I look for bearish setups, not only do I look for bear flags, but I also look at the action of the leaders.
In this video, we discuss the big downdraft from Tuesday’s CPI number. We had a quick 130 point drop in the ES and a quick spike in the VIX. I was wondering if this was the start of something bigger, but today we bounce back and regained about half of the move. What does this mean for the health of the overall market and what to expect in the coming weeks and months. Lastly and specifically, what am I watching on the economic calendar for clues.
In this update, I share how to measure earnings rallies and the impact on the index and sectors. And why a down day is not a down market!
The strength in commodities had us looking for the CPI to run hot, which it did.
As the SPX continues to climb, I want to look for sectors outside of tech that can continue to push. Housing may be the next that’s ready.
Tech is trading like it’s 1999. Can we see one more week before seasonality and extreme readings kick in?
Like many tech names, PANW has been on fire, making new all-time highs yet again today. It has also reached up just shy of its Voodoo fireline here today. Above that line and we’ll need to update the indicator with new levels. However, a cluster of resistance nearby might stop the advance.
When the S&P and NASDAQ are making new highs, the question has to be HOW do we enter the trend? In this update, I share WHY the S&P and NASDAQ are making new highs, and how to take advantage of Index-Sector-Stock alignment.
There are nearly infinite ways to predict price targets, but did you know about this one in the Dow? It’s one of my favorite, and at least for this moment, it seems to be a inflection point.