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!
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$PYPL
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!
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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!
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US jobs market, CPI numbers and the climate bill
Strong US jobs report, active bulls buy the dip and the Senate passes the climate bill. See how we approach the CPI week!
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Markets clear the channel, jobs report tomorrow! Can the bulls continue their run?
The markets offered another great buying opportunity yesterday as the recent channel was cleared. Some profit taking ahead of the jobs report? Watch the leaders
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Musk revitalizes tech, indices grind higher
Tech is once again above the 200SMA and most dips will be good buying opportunities should this level hold. Watch $369 in the $QQQ for clues.
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End of quarter, end of rally?
A few warning signs appeared yesterday which make us more cautious ahead of the last day of the quarter. Futures are currently up, see if the bears return
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AMD breakout move, wellness names get better and $BTC ready for breakout move
As the market continues to act well, $AMD, $FB, $NVDA offered breakout moves. We turn our attention to $MSFT as a candidate for the next leg higher!
Read moreYesterday’s candles in some individual stocks and indices made us more bullish going into today’s action. With futures flattish today, our focus will be to manage our current positions and look for possible breakout moves to the upside: $MSFT, $PYPL, $MRVL, $GOOGL
$PYPL intra-day – The price held where it was supposed to and offered a good re-entry if you exited into strength on Friday. Building a flag above the 8&21EMA
NIKE reports, futures flattish, war drags on
After a 4 day rally see if the markets have an inside day and if any stocks show some relative strength. Remain tactical as we are in overbought territory!
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Market Pulse
Start your trading day with our short market commentary. All good things come in threes?
Read more$PYPL chart – This stock has been battered and bruised in the last 6 months. It has reached the lows from the pandemic. See if $92 holds as a bottom for this downtrend. It has some free room on the chart if market conditions improve to $113. Buying some long dated $120 call options may be a good investment.
$TSLA impresses, $AAPL becomes first $3 trillion company and re-opening stocks have a strong comeback
After a great start to 2022 see if the markets can continue higher. Our focus will shift away from big tech to re-opening names if the trend continues
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Early Santa vibes
If you use technical analysis, combined with macro news and experience you can be a winner in the market. It is all about patterns, trends and timing.
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New active sequence?
Remain disciplined, flexible and follow the path of least resistance. Today’s action might validate the beginning of a new active sequence
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Be greedy when others are fearful?
Some broken names with excellent balance sheets and business moats are approaching oversold territories. Be greedy when others are fearful!
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Post FED reaction
The reaction has been positive with regards to the FED statement and this gives us confidence to stay invested using the levels to protect your capital gains.
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