What Will It Take?
What I mean is, what is a sufficient catalyst to finally cause a price discovery phase/ volatility? There are a couple potentials on the calendar this week and one of those is as soon as tomorrow.
list of daily videos
What I mean is, what is a sufficient catalyst to finally cause a price discovery phase/ volatility? There are a couple potentials on the calendar this week and one of those is as soon as tomorrow.
After the pullback we saw today in the Nasdaq, I am eyeing dip buys, but they haven’t triggered quite yet. Let me show you what I’m eyeing in Microsoft, and what I’d like to see to start my buy program.
We’ve been bulls for a while and now we’re heading down the homestretch into window dressing season. Here’s what is on the radar.
On Monday we discussed the Voodoo Treeline in the Nasdaq-100 and how we could assess the next direction in the index. Since, then it has wandered a little above and a little below, but closed the day right back at the level. Let’s look at the micro levels which will help identify when it finally breaks free.
Another big up week of furious short covering. Let’s review the one major signal in play into end of year.
The market as a whole remains extended, but at the same time is holding where it needs to. If bulls continue to lead I may not be able to buy the index, but I can find individual names that should outperform.
Still in consolidation mode waiting for something to reprice this market. With Powell on deck tomorrow, maybe that’s the thing. Let’s talk through a plan of attack to see if we can take advantage of the volatility.
A full on reversal might be strong language, but at the very least I want you to consider this strategy as it’s easy to manage on down moves, and usually forgiving if we just keep pushing higher.
In this video, we discuss the choppy market we are having after the long run higher. We are very extended in this rally across the board, and I think we are due for a pullback. The big question is when it will happen and how much will we pull back? We look at levels and discuss ideas for trading as we go into the end of the year.
Keeping focus in the chop as December approaches means knowing where the weakness (tax loss harvesting) and strength (window dressing) is waiting.