list of daily videos
The levels we’ve been talking about as an upside objective in TSLA were realized today with the high of the day coming to within 13 cents of our level. That doesn’t mean that the advance in the company’s stock is done, so let’s cover what to look for to determine whether this name might keep going from here, or reverse now that our levels have been reached.
S&P futures spent several sessions under the wall of resistance at 4300. Now that we’re ~150 points above that is there anything left to buy? Let’s see if we can find a few for tonight’s video review.
Both Nat Gas and Crude Oil woke up today. Let’s look at this and make a trade plan for what may be next.
Take a look at this video to see what the Fed is and how today’s Fed Rate Decision impacted the market.
In this video, we discuss today’s FED meeting and outcome. The Fed held tight on more rate hikes for this meeting, and this was expected, but what lies ahead? Powell says there is a possibility of 2 more rate hikes to come this year if inflation doesn’t come down. We discuss the levels to watch and the crazy rally that has led us much higher in the last several weeks. We are very extended, but can we continue higher?
The equity market is bigger than any one stock, but to what degree? That depends on which name we’re talking about, and at least for now AAPL continues to carry the weight of the world.
What three markets are sitting at support as we cruise into FOMC day tomorrow? Here’s what is on my radar and when the two zones of volatility could trigger.
The highs from August of ’22 have been a critical zone of resistance and one of the last remaining failure zones for the last 9 months. However, as of today, the SPX broke through this zone. When the Nasdaq made the same move, it took off on a FOMO-induced buying rally. Is the same in store for the SPX? Let’s look at the levels. I’m betting on market continuation higher.
This week we roll the index futures from June to Sept and then finally say goodbye to the June contracts Friday morning. Before we do get to the expiration it’s important to remember there is also a CPI, PPI, and a FOMC rate decision mid week as well.
