list of daily videos
Here she comes. The big bad triple witch of the Qtr. Tomorrow morning there will be an enormous amount of notional value settling as Futures and AM options find their final settlement values. Mind your risk and get through this so we can get back to some more normal or average price action next week.
Definable charts patterns, and price support and resistance, are my most important tools to trade with, day by day.
In this video, we review today’s market action after the “hot” CPI numbers that came out premarket. We got an initial flush and then a bounce which ultimately ended up giving us chop all day long. We still have PPI tomorrow so we could go either way and then we have the FED meeting next week so that is what we are all waiting on for clarity.
Today we got both US and Japan’s CPI as well as UK’s GDP. None of which were enough to reprice the market. What next and what will it take for price to move out of this range? Let’s look at that tonight.
There is plenty to be aware and wart of but there is still plenty to trade in this environment. In this update, I share how I am trading through the uncertainty and chop.
Many indexes are close to their 50 SMA. Many times, if a few indexes decisively break above or below the 50 SMA, the other indexes follow.
The Nasdaq gapped this morning, and multiple mega-cap names broke out above key resistance zones. A resistance break and a high put/call ratio can equal some fantastic trading opportunities. Two names in particular stand out, including Meta and Tesla. During the video, I walk through my upside price targets in the Nasdaq, QQQ, TSLA, and META.
The rollover is now underway. Rolling from Sept to Dec in the equity space. I’ll lay out a plan and cite the pitfalls along the way.
SPX saw a decent bounce back on Monday closing up around 30 handles. Can we get one more day of follow through to complete 4500? I think so.
