SPY Learned How To Fly, Now Is It Time To Die?
The rally was fierce, but it was just a vacuum back to the mean.
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The rally was fierce, but it was just a vacuum back to the mean.
Put these levels on your chart each morning and then follow their lead.
The NDX index is showing some loss of momentum at the daily 50 SMA. In the meantime, some of the big NDX stocks, like MSFT and AAPL, are showing some small bear flags.
Pre-earnings momentum is right on schedule, just as the Hot Zone said. Meta was my top pick for a pre-earnings momentum setup, and it’s made my first set of targets. Where do we go from here? Let’s take a look. In addition to rising prices, we are also seeing rising volatility, which will be great for overnight earnings trades. I’m discussing these setups during my free webinar this Wednesday at 7 p.m. CT where I’ll demonstrate how I made $1367 on ADBE overnight, and more. Join me by signing up at www.simplertrading.com/nightly to learn more.
We saw a great setup last week in CYBR. Let’s see if we can keep some momentum going with a run into earnings trade on GS.
Charlie Sheen said it, not me. In this case it seems to be the Bulls who are doing what they need to in keeping the dream alive.
On Monday we talked about support and resistance levels in the NASDAQ-100. Let’s revisit them and consider what’s next as the index has held support and is pushing up against resistance.
Sentiment reads are one of the most important steps in trading and here is an easy (and free!) way to do that on Monday.
The indexes are collectively putting in reversal candles at support. With sentiment very low and a put/call ratio that’s very high this could be the recipe for a bear trap/short squeeze next week. Let’s review.
Picking which groups to hang with is an important decision, but if bulls can catch a bounce I think this name could outperform.