Disney had a nice rally. Its the rally we have been waiting for. Finally hitting and fulfilling our upside target we are now accumulating a swing short on Disney. The level was hit in the post market session and has pulled off the highs nicely. We telegraphed this trade to our subscribers and were already in the money.
Gold is forming a picture perfect Bear Flag. If this pattern breaks and triggers we have 2 downside targets. The importance of analyzing this pattern is Gold encompasses much of the macro landscape in its price action. If Gold is acting bearishly based off this pattern it could be foreshadowing a dollar strengthening. It could also foreshadow perhaps a...
Nvidia just put in a reversal signal on the Daily chart as it hit major resistance. This semiconductor has been a powerhouse mover and has single handily been lifting the Semis sector higher. Now that this stock may show some near term sell pressure we could see the sector as a whole pullback. The only thing that Im being mindful of when it comes to NVDA is...
Microsoft just provided an epic sell signal to the market. The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging. If the second largest company has put in a near term high, we could see the tech sector subdued. Now we wait for other sell signals. A 50% retrace is typical after a strong...
We discuss all the major indices and fundamentals heading into the important Jobs number tomorrow. The market is in a vulnerable point especially if the economic data comes in better than expected. Massive earnings tomorrow could add to the volatility. 2 important market signals today from 2 leading stocks.
Copper and S&P500 is making a divergence. Could this mean that we are going to be seeing weakness creep into the real estate market with Lumber and copper falling recently? SPY has tracked copper closely with the rise & fall in inflation and yields. The most used commodity in the world should provide pivotal insights into the next turn in the market. If we...
Lumber is signalling disinflation. Stocks are signaling inflation. There has bee a high correlation with stocks and lumber for about 18 months. Is this correlation officially breaking or does it imply we will see some weakness in stocks? Right now lumber is showing weakness.
Discussing, Stocks, Powell, Gold, Bitcoin, SPY, Yields, DXY, QQQ There may be an arbitrage opportunity in the stocks market. Stocks & bonds diverging yet again.
Take a look at this Nat Gas chart. It looks poised for a rotation of capital to come out of the SPY and buy it at these depressed levels.
Natural Gas is on pace for it greatest & fastest fall in price history. Nat Gas is hitting technical support in one of the most oversold conditions ever. We discuss some Nat Gas cycle history that may be useful in knowing how to trade Nat Gas.
Discussing all the leading sectors and stocks to identify major trends. This weekly timeframe is suitable for longer term investors but insightful for traders.
Lets see how Bitcoin & a variety of other crypto's are performing. It feels like BTC and crypto has been semi dormant for the last couple weeks. Will we see a break to the upside or downside?
Tesla Bulls have partied in January...will the party continue? A measured move into resistance, is now going to test the resolve of the bulls. Will the bears over power Tesla as the yields spike or will Elon announce a Twitter CEO that pumps the stock? Tune into to our streams to see how we will trade TSLA.
Oil the leading energy commodity is signaling negative price action. An MTop Formation is on watch. If we get a weekly close below $70 it triggers the Topping formation and sways the probabilities in favor's for more downside action. This large time frame pattern has a potential to go down to $20...I know, I can barely believe it myself. A clear weekly reversal...
Yields saw a massive turn to the upside after the latest job report number coming in red hot. Showing the US labor force is a juggernaut. If we see this Bullish consolidation break to the upside this implies interest rates are going much higher. If this pattern comes to fruition and fulfills it upside targets, this would also imply the likely catalyst that...
Hindsight is always 20/20....It seems so obvious now that the dollar bounced. The bulls should be nervous. If this turns into a 3 bar surge on Monday we could see a nasty sell candle in the SPY & QQQ.
Crazy action and reversals. Once again the volatility continues but the vix didnt spike. We discuss the US Dollar, Yields, SPY.
Apple is at an inflection point and will likely decide the fate of the market. If Apple earnings miss then we could see rejection off this level. A retrace ot the previous trend has occurred, now the bulls need to close above the previous trendline break. Bears need to see this level hold as resistance. 5 weeks of upside does favour a small pullback at the minimum.