list of daily videos
The Nasdaq did its best to cling to critical support zones at the 200 SMA on the daily chart, and the 50 SMA on the weekly chart. However, Microsoft was a bit weaker, closing below the 200 SMA on the daily and just barely above the 50 SMA on the weekly. Danielle is not buying yet, but these are the zones to watch.
We’ve had a bearish put calendar spread on to profit from the selling the market has seen over the past several days. Let’s review this trade and see how it worked.
This seems like a case of buy the rumor sell the news, with Powell coming out Dovish at this week’s FOMC meeting. We know the MAG7 had been getting sold into over the last few weeks, but there was a rotation going on into other areas. Those also got hammered at the end of this week, so the real question is: how long will this go on for?
SPX has seen some extreme selling this week, but this one signal could suggest we’re near a tradeable low.
Sanity check update on what the sell-off means and where the opportunities are. Remember, Wall Street is where they throw a sale and nobody comes.
Tech has been on the forefront of current market weakness, but are we at a spot to pause? This is the level I’ll be watching on Friday.
The weakness in the chips, while the SPX was still up, was a great tell to go short most markets.
In this video, we discuss today’s big rally ahead of the FED announcement today. We had an amazing 155 point rip higher in the ES from the bottom yesterday to the top today. To say the least, this has been a challenging market to trade, and we continue to be on a roller-coaster ride. We are now in the middle of earnings season and still have the last of the big tech, AAPL and AMZN, to report tomorrow, which should give us more upside if the numbers are good.
With MSFT helping nail the NQ after hours, everything is near big support. Now I look for bullish reversal patterns.
