list of daily videos
At the end of this decade there will be two kinds of companies. Those that embrace AI, and those that go the way of the dodo. With that in mind, let’s look at a few of the names we may be able to look to for leadership.
Gap open lower this morning produced yet another island. Tonight we’ll walk through a plan for the number in the morning. Higher, Lower with targets and a starting line.
The market is strong, but names are taking their time as they move up. This means that I have had to adapt my trading to a buy the dip and wait sort of mentality. Let me show you some examples and the heads up I gave the Moxie Traders before I left on vacation.
Last bit of data before we hear from the FOMC later this month. After this meet there is not another until September so this last round is an important one. NFP this week and then CPI & PPI next week.
After a couple of weeks of downside, the S&P 500 turned back up last week. Now it’s once again stretched as it approaches 3 ATRs above the 21-day exponential moving average. Let’s take a look at all the warning signs that are out there and why this is a tricky spot to try and join the bull move, even if it has farther to go.
Markets firing on all cylinders. Let’s review the indexes and a couple of stock setups into the long weekend.
Rotations into defensives? No. Running for the exit? Not even. Risk appetite was in play today and suggests the second half of the year could have challenges (commercial real estate and regional banks) but the strength in financials and healthcare were important to note as the first half of the year is in the books.
TSLA started the year on a Voodoo fireline and after six months of trade it’s again right on a Voodoo fireline. The current level is just 155 points higher than six months ago. Will the back half of the year be the same? We still need a few more clues, but the way it navigates the important level at 263.73 will be the next big clue.
Tomorrow brings the final trading day of the quarter and there is one big theme for the day in SPX. Let’s look at that and a second market I’m keeping a distant eye on.
End of Quarter tomorrow and that makes it a wrap for the 1st half of ’23. After an extended weekend we will kick off the back half of the year mid week next week. Enjoy the nice long weekend.