Chief Strategic Officer
Short week! Inside day?
Thursday’s lows will be the line in the sand between the active bulls and bears. See if another gap up fades today or not. Watch the action in crypto for cluesRead more
Markets reverse, $NVDA craters and a new Jobs report!
The markets finally reversed ahead of the Jobs report today. See if we get a goldilocks reading for some continuation to the upside. Watch yesterday’s high/lowRead more
$NVDA will be the best barometer for today’s action. See if it stays above the yearly lows at $140.55 for clues. A break and close below this area will bring about more sellers. A higher low and possible rally to $150 will likely lift the mood on Wall Street
With futures down sharply see if we put in a trade-able low in the first 15 minutes. The extreme oversold nature of the market will most likely lead to a snap-back rally. Keep an eye on $NVDA for clues
US-China frictions, $NVDA drops, markets at extreme oversold levels
Another big down open meets an oversold market! Can the new monthly in-flows offer a relief bear rally? Watch $NVDA for clues todayRead more
Oversold markets – is good news bad again?
Will another gap up be sold by the active bears? An oversold market meets the end of the month rebalance!Read more
With futures currently higher see if the $SPY and $QQQ can defend early gains and re-build above yesterday’s highs. $407-410 is a big resistance area for the $SPY. For the $QQQ, watch $308-311
Markets hold key support at first test! What’s next?
This is not the time to press in either direction, but rather to be a sniper ready to buy and sell at extreme levels until the dust settles.Read more
Powell’s comments at Jackson Hole cratered the markets on Friday despite the fact that he continues to be following the same line. See if early weakness gets absorbed today and if the bulls start to rebuild. The 50SMA will be an important area to watch
With futures down sharply this morning see if the low of the day is posted in the first 30 minutes and whether the bulls defend or reclaim the 50SMA in the indices and individual stocks. Keep an eye on EUR/USD and $BTCUSD for clues.
Never fight the FED!
Good morning fellow traders and welcome to the last week of August! On Friday we witnessed one of the biggest sell-offs of this […]Read more
$TSLA will be an important barometer today after yesterday’s weakness. See if $290 holds post Powell and whether it attempts to reclaim $300-303. $285 is the next big support area
$META and $GOOGL were the best acting FAANG type stocks yesterday. In case of a dip post Powell see if they offer a good re-entry and continue to show relative strength.
After a two day snap back rally the markets are quietly awaiting Powell’s speech after the opening bell. Depending on his tone and general outlook see if some of yesterday’s leaders can continue higher $AMD, $NVDA, $GOOGL, $MSFT
Markets reverse, $NVDA disappoints, $TSLA trades split-adjusted
After yesterday’s reversals see how the market digests $NVDA’s report ahead of Jackson Hole tomorrow. See if we attempt to close some gaps to the upsideRead more
Energy breaks out, $TSLA gets perky and $NVDA reports
$NVDA’s report after the closing bell will be an important barometer. See if yesterday’s lows hold and whether we get some short covering ahead of Jackson HoleRead more
See if a dip can be bought today as the market is once again oversold. Watch the leaders for clues and look for pockets of relative strength.Read more