Despite Friday’s weak action in the market, the lows from Thursday have been defended. See if this area holds once again today for clues. Watch the action in semiconductor stocks and crypto for clues! $AMD, $NVDA, $BTCUSD, $ETHUSD September 6, 2022 Read 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 September 1, 2022 Read more
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 September 1, 2022 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 August 30, 2022 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 August 29, 2022 Read more
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. August 29, 2022 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 August 26, 2022 Read more
$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. August 26, 2022 Read more
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 August 26, 2022 Read more
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 August 22, 2022 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 August 18, 2022 Read more
$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 August 18, 2022 Read more
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 August 18, 2022 Read more
In 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 August 17, 2022 Read more
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 August 17, 2022 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 August 16, 2022 Read more
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! August 16, 2022 Read more
Weaker-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 August 15, 2022 Read more