If Stocks Are Extended, What Do You Buy Now?
No, it’s not time to get short, but you can get safe entries here by doing this.
Archives: Daily Videos
list of daily videos
Timing does not always kick in for a reversal. 8/29/2018
It still pays to be aware of the cycles though, just in case!
Alts on the Move
Many altcoins were flashing green today as bitcoin pushed sideways in anticipation of a larger move higher. Trading cautiously as we wait for Bitcoin to determine market direction.
Like I said… I was a cautious bull in the S&P’s. 8/28/2018
Even though we are at targets and time resistance this market has continued to perform!
Five Star with a Twist
In this extended market, what’s a trader to do? Continue playing breaks to new, all-time highs. Where are the best ones? The ones with the most strength? Check out what I’m looking for in NKE tomorrow.
Break to New All-Time Highs — Where Do We Go From Here?
Today was an historic day in the market with the S&P futures finally breaking above the previous all-time high made in January 2018. The Nasdaq made another round of new highs, helped along by MSFT, GOOGL, AAPL and AMZN. AMZN, my favorite Five Star chart, broke $1925 into the end of the day and picked up speed. Where else should we look at from here? I analyze CTXS, NKE, RH, FTNT and SPOT for some additional ideas.
Natural Gas, Gold, Euro and Setups to Watch.
Gold, natty gas, and our bullish bias in equities continue to play out. The euro is in a near-term consolidation and things could get interesting as we kick off the week with some NAFTA-led optimism.
The NAFTA Narrative and Trades
This new agreement between the U.S. and Mexico has broad implications through many markets and sectors. Here’s a look at how today’s news has created setups.
I remain a cautious bull in these markets. 8/27/2018
I am bullish due to chart patterns and averages … but cautious as we test key resistance in price and time.
Powell’s Dovish Surprise.
Did the market see this coming? Nope. That’s why we rallied to new highs. The FOMC is not as fixed on a series of potentially six rate hikes between now and the end of 2019 as traders and investors thought. The dollar tumbled and gold rallied. Take a look at what these moves set up in this video.