Pit Bull Low?
Something I had not considered until reminded of the Pit Bull low having an opportunity to show itself today and tomorrow. Let’s look at that.
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Something I had not considered until reminded of the Pit Bull low having an opportunity to show itself today and tomorrow. Let’s look at that.
In this video, we review today’s market action and talk about the chart patterns. We have had a major move off the lows from only 2 weeks ago and the overall market sentiment has turned decidedly Bullish. I can see the reasons for the Bullishness, but I am not sure we don’t pull back in the short term. We go over levels and try to determine which way we might go and when.
We made the bullish ES/ SPX target but has the market found its seller yet? I’ll go through what I am watching to help make that very determination.
Have the markets come too far, too fast? Or are they right where they need to be?
Last week there was a major shift in the S&P and financials so as traders wait on Powell tomorrow and Thursday, here are three setups to watch.
With 10 minutes till the bell, companies can’t buy back their stock. Many times at that 15:50 time, stock sell off. It worked today well.
Disney is reporting earnings on 11/8. While I’m bearish on the company long-term, the stock may still pop over earnings based on recent history. Given these facts, how am I trading it? Let me show you.
Today the SPX opened and closed about the same on what was a tight range. I’m looking for more of the same until we hear from Powell Wednesday and Thursday.
Disney and Qualcomm aren’t typically two names you’d hear mentioned together, but if you’ve been following the setup in QCOM you’ll know why I’m looking for more of them. While earnings are always a bit of a coin toss, DIS could be fitting the same pattern.
Biggest week of the year kicked off by Powell and followed by furious short covering. Has anything really changed? Let’s cover at least five major turns.