Dixie Driving
The U.S. dollar has been problematic for stocks since July. This is one way I like to look at its correlation as it may be helpful for short term SPX decisions tomorrow.
list of daily videos
The U.S. dollar has been problematic for stocks since July. This is one way I like to look at its correlation as it may be helpful for short term SPX decisions tomorrow.
And remember to keep an eye on this wrecking ball.
The actions we take just 10-15 minutes before the open can offer a great edge for disciplined traders. Here are two of the powerful (and free) things you can do tomorrow and the explainer of the three wins we had today.
Even though I am really bearish long-term, short-term markets could bounce, as they are oversold and at some support.
Costco: Earnings in Focus — I love shopping at Costco, and it’s one of my favorite bullish companies. But, I never trade it to the long side over earnings. Want to know why? Because the Hot Zone tells me otherwise. Let me show you what I’m doing with Costco earnings, and why.
Always the question right? Is it a good buy here or lower yet still to go? I’ll walk through my thoughts with levels for either case.
10 year yields have been the talk of the town for a while now, but the curious confluence of Fibonacci levels and psychological price points give us a level we have to consider. Let’s chart that out and look at my favorite setups in TSLA and AMZN for tomorrow.
The $SPX box we have been looking at for some time is in critical danger of breaking down soon. There are no proximal support levels and the signals have all collectively flipped to the bear side. Let’s dive in.
To have confidence to put our capital at risk, we need a game plan and a measurable way to look at data and price. In this update, I deep dive both and share my process for the current environment and what could be around the corner.
We can draw all the levels we want on our charts, but we need triggers to trade against them. In tonight’s video I’ll show you some of my favorite tools and how I used them to trade today.