With futures lower this morning see if early weakness gets absorbed or whether we get a re-test of the 21EMA in the $SPY and $QQQ.
Read moreAlex Dobre
Chief Strategic Officer
On Friday the bulls lost momentum as $424 was never reclaimed in the $SPY. For today see if early weakness gathers steam as this would be only the second down day after the July rally. $418-420 is the next support area
Inflection point – can the bulls hold momentum?
Can the markets hang in here or do we break down? Watch the lows of the weeks in the $SPY and $QQQ for clues. $424 and $326 are the line in the sand
Read more$PINS and $META are approaching important support levels on the daily chart. Watch the action in these names for overall clues of the strength/weakness in social media stocks
$AAPL has been a rock during the recent pullback. See if early weakness gets absorbed this morning again, or if the tech giant will bring down the $QQQ today
With futures lower again this morning see if yesterday’s lows hold in order to keep momentum intact. The high of August is probably in from Tuesday, but there are plenty of individual stocks that may offer good day trades
FED continues its course, markets retreat, what’s next?
With indices retreating see if we get a bounce from the 8EMA or not. Watch the leaders for clues and be lighter ahead of the weekend!
Read moreIn case the market starts a controlled pullback to the 8EMA, keep an eye on $MSFT and $AAPL for a possible short as they are the most extended on the daily charts. Keep an eye on $WMT to see if it can hold its earnings gap
The $SPY reached our target and touched the 200SMA yesterday and retreated. Is this a temporary top ahead of the FED minutes? Make sure to book some trades as we are very extended from the moving averages
Retailers rally, $AMZN breakout move, $TSLA reverses
The market is at an important inflection point after the recent rally. With the $SPY touching the 200SMA see if this is a temporary top!
Read more$TSLA will be an important barometer today. After yesterday’s move which triggered after Friday’s reversal see if it can stay above $915-920 and whether it makes a new attempt at $940. $975-1000 is in play by the week’s end in case the market does not fall apart
Several individual stocks and indices managed to reclaim their 200SMA. The $SPY and $QQQ still have some work to do. See how $WMT’s numbers and the FED minutes tomorrow affect the recent bull run. Trim and trail for now!
Retail in focus, $TSLA’s breakaway move and the looming FED minutes
$WMT’s earnings start a busy week for retailers. Tomorrow’s FED minutes may be an important pivot point. Make sure to be lighter ahead of this binary event!
Read moreWeaker-than-expected growth in China led the central bank to a surprise rate cut. See how this impacts US equities this week. Watch $AAPL and $TSLA for clues as they are both dependent on Chinese growth
$AAPL and $MSFT have been unstoppable during the recent rally. They are both quite extended so be in no rush to buy a dip too early. Let the moving averages play some catch-up to the price action
With futures currently lower see if any leaders attempt a red-to-green type of move. Keep an eye on $TSLA after Friday’s reversal. Biotechs are getting tighter once again $XBI
Chinese growth issues, retail earnings in focus, $TSLA split
Retail data and $TSLA split will be the main events of the week. See if the bulls can maintain upper momentum today and whether we hold above Friday’s lows!
Read moreGoldilocks week – impressive jobs report and softer CPI – bulls regain momentum
The goldilocks combination between the jobs number last week and a softer CPI yesterday put the bulls back into control. Can this last?
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