It's a little bit of a conundrum if you're newer to the markets, and the reasons are two fold. I'll show you a little bit of a technical reason, and the fundamental reason.
After the FOMC came out and said exactly what we all thought they'd say the market sky rocketed. Let's look at the levels going forward.
Seeing another head and shoulders pattern forming, let's see if it takes shape.
A new trendline has developed! Will the market hold it and what's upcoming in the job numbers?
Apologies for not being able to post recently but I had a very bad time with coronavirus. Now I'm finally feeling like I'm on the mend and should be back to posting regularly.
I show a path upwards as well as a pattern developing on the ES chart that could tell us when it'll break to the upside.
Kidding of course. 5.4% YoY is pretty bad, but I think the reaction in the market with the 10 year is a bit overblown. I explain the movements we saw today as well as what I think is in the cards for tomorrow. As always the market could do anything it wants though!
Just as we thought, today was a sideways grind without any real action other than on the 1 minute where a few scalps could be had. Overall the bulls and bears fought with no clear victor. Totally understandable given what's coming tomorrow - the CPI report. See the post from yesterday and I explain a little more about it. It comes out early in the day. No matter...
Hello everyone! I'm currently sick with Coronavirus so my voice isn't holding up very well so no video today. Essentially this is what I'm seeing.. the current chop in the markets is the byproduct of concerns over inflation. With oil prices rising significantly a lot of investors are quite worried over it (rightfully so). They've taken a lot off the table with...
I discuss the levels we need to attain and hold tomorrow in order for it to look bullish into the weekend.
We've got a very nice long setup coming on AAPL! Check out the chart as I make the case for strong support.
In this video I discuss the buying we saw today and where my sentiment changes from bearish to bullish
I give support and resistance levels along with trend patterns to watch for tomorrow
I believe we've got a little more downside in the market, lets discuss where it could fall to!
The market needs to recover, and quickly, in order to regain it's footing. Otherwise down it goes!
In this video I show you the technical reasons we have to move by Friday, and where I think it goes to if we move.
Technical factors (trendline and fib breakage along with head and shoulders pattern) combined with fundamentals (debt ceiling, consumer confidence report) kind of collided in a perfect storm to drop the markets today. I discuss the reasons why and where I found evidence of institutional buying today. WSJ article referenced in the video: www.wsj.com
Really a bunch of sideways movement today, let's look at the levels and trends for a continuation move upwards.