What Is The Dark Pool Saying About This Pullback?
There has only been one late set of Dark Pool prints. Check out the video to see what it may mean.
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FOMC Minute Moves
The FOMC Meeting Minutes will be released tomorrow at 2 PM ET and this is the glimpse many traders and investors are waiting on to see if there is still another 1/4 point hike in play.
Markets Breach Support
Most markets broke support levels that have held for months. I will look to short rallies until proven otherwise.
Walmart: Earnings In Focus
Walmart reports earnings on Thursday, August 17th before the bell. While I like the company and am bullish on the stock, Walmart has already had a nice higher run and is near targets. So, I am looking at making a neutral trade in the options market to bet on a trade within the expected move. For this earnings report, I will be specifically listening to how inflation has impacted sales, what areas of growth the company is focused on for the rest of the year, and how grocery sales are going.
NVDA’s Big Bounce Day
NVDA used positive comments from Morgan Stanley about likely quarterly results to build a substantial rally today. As big as the bounce was, however, it only managed to take the name back up into resistance so we need to see more before we can anticipate the next move.
Pit Bull Low?
Marty Schwartz wrote about this years ago. The idea is that the equities trade soft the week prior to the monthly expiration. From near that low they firm into the OPEX which, of course, is this week. That said, was last week just that? A Pit Bull Low???
Cruel Summer
Major changes in the market this week. Let’s take a look at the big picture risks of what is widely believed to be bullish and the one Ace the bulls have to play soon.
Is It Time To Panic?
Oh, it’s never time to panic but it is time to be discerning about the trends and timeframes as well as realistic about the nature of August price action.
Caught In A Trap
The last several days have caught traders in multiple intraday reversals. Voodoo Lines levels in the S&P 500 and bellwethers like AAPL have done a good job of identifying the trap area and can help us identify how we’ll know when the market is able to escape.
Today We Identified And Traded A Bunch Of Bear Flags
If day trading, it takes a lot of patience to wait for bearish flags to develop. Today, that strategy worked great.