S&P Trees Grow From The Sky
After turning down from an important Voodoo treeline late last year, the uptrend appears to still be intact as the small-degree skyline contained the decline.
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After turning down from an important Voodoo treeline late last year, the uptrend appears to still be intact as the small-degree skyline contained the decline.
Seeing the first cracks in the tech rally in nine weeks. What do we need to see early next week to keep the party going?
Finally many names are lining up with their retracement aka dip buy and these are the setups that I will be looking at next week.
Snowflake had a nice showing today, and if that performance is any sign of what’s to come, it should at least be good for a put credit spread.
The MAG7’s are a little tired and the market in general is questionable here, but if you’d like to consider a position trade, IRDM may be one to look at.
Tomorrow we get to see the year’s 1st NFP report and the market’s reaction to the number. I’ll walk you through my plan of attack in tonight’s update.
With the SPX far outperforming the NDX the first few days of the year, the big tell for us was if the NQ was weakening on the close. When it did, we made money on puts in the SPX.
In this video, we discuss today’s continued selling as we start off the first week of the new year. This is not what we were expecting as the Santa rally fades off into the sunset. The question now becomes will we bounce or continue to sell off? Do you have a plan on how to trade it?
With the FOMC minutes now behind us the the next thing on tap is the NFP payroll report this Friday morning. Let’s talk through a plan of approach in tonight’s update.
After a $600+ point run, the Big 3 indicator is printing an hourly sell signal on $SPX for the first time since late October. Does this signal the end of the rally, or simply a break in the action? Let’s dive in and discuss.