New High
Stocks have regained their December stride and are poised for more next week. Let’s look at all the good and a bit of the bad.
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Stocks have regained their December stride and are poised for more next week. Let’s look at all the good and a bit of the bad.
Taiwan Semiconductor was up nearly 10% today and while I didn’t know they’d have great guidance, I did see that a Fireline Roadmap might come into play and HIRO signals implied it might be ready. Let’s review those signals and another name where they might be showing up.
A good trade consists of a quality setup, a good entry, and a “trigger” for the directional move. After today’s action, there’s just one thing missing in the $SPX. Let’s take a look.
In this video, we discuss the recent pullback for the last week or so and what it might mean for the overall market. Do we have more downside coming or do we buy the dip here? Lastly, we talk about a general strategy for the next month or two.
With the /ZB, /YM, /RTY, and the DJT acting weak, the big question, for tomorrow, is do we buy the laggards or short the last bullish holdouts?
With the expected rate cuts from the FOMC, what has the history of S&P and NASDAQ reaction been when the FOMC is dovish? I also share how to gauge the three Big Questions: What is sentiment? What is momentum? and What is trend?
Stocks have regained their December stride and are poised for more next week. Let’s look at all the good and a bit of the bad.
With the rate cut expectations back on track, there is little reason not to look at the long side as price action pulls back to support. In this update, I share how to find momentum, trends, and buy zones.
We’ve looked at TSLA several times over the past month, reiterating its path towards 263.73. Since then, a lot of you have asked what happened to its uptrend. Quite simply, it made its Voodoo Lines objective.
There’s a lot of conversation on the MAG7 and their importance to the equity rally, but there may be more to it than that. We’ll start there and then move into my favorite setup for next week.