The Pullback Play - Your Price Levels Paying Right Now
We continue seeing the market pullback or retrace - in a much less volatile sense than Tesla (TSLA) earlier in the week as discussed in Tuesday night's video, and we simply update our current targets with each day. What are those target levels and how can you set targets on your own charts? Find out…
Will Big Tech Take Down the Markets?
Tech leads the market lower as bonds reverse and dollar rallies. The major indices hit the lower edge of the expected move for the week. Tomorrow the bond market is closed. Here's the one stock to watch the rest of the week…
TSLA Tumble Reminds us the Risk of "Buying the Highs" and Reward of Patience
The big news of today's session was the drop in Tesla (TSLA) shares which fell 12% in today's session. Is this a sign of what's ahead for the market from a similar perspective? And what other lessons about patience and puts and pullbacks does TSLA share with us? And where might pullbacks target? Find out…
Hawkish Fed Helps Metals and Money as Infrastructure Reenergizes EVs
The market may be starting to listen to the Federal Reserve as today's statements from the heads proved positive for gold and crypto. Metals UOA also materialized in a mixed day with the S&P 500 finishing higher alongside the VIX. EVs seemed unphased as the stimulus had them advancing nicely on the day. (GLD, FCEL,…
Manic Market of Excess and Inefficiency
Gamma and market cap rip markets higher-- --TSLA & NVDA --XLF off 1.8% with SPUs higher Moves of excess and inefficiency-- --TSLA, NVDA, QQQ, PTON, CAR, MRNA, Z, BBBY, LYFT, NFLX, ATVI, MRK --Bonds EXPLODE! --rates tank as Fed dances around Taper --why are financials not reacting? --Dollar Breakout imminent --bonds higher and dollar breakout…
Tech Leadership and Financial Weakness at New Highs - Your Evening Guide
A look at the headlines reveals more new all time stock market highs, but is that the complete picture? In tonight's video we take a closer look at warning signs from weak financial stocks split against the strength of leading market cap and technology stocks and piece together the clues for safer, more risk-controlled trades…
Candlestick Patterns 101: Separating Lines (Bullish)
Yesterday, I posted on the bearish version of the Separating Lines pattern. Today, it’s just for the bulls! Separating Lines (Bullish) Basics The concept is simple for the Separating Lines pattern. The bears take control for a day within a bullish trend, put up a longer marubozu candle, and the bulls take charge the next…
Fed Does the Taper Dove Dance!
The Fed does the dove dance and the market loves it. Stocks exploded higher today led by these few stocks. Here's what to look for the remainder of the week…
Candlestick Patterns 101: Separating Lines (Bearish)
Often times when price reaches an inflection point, there is a degree of balance that is exhibited in the price. However, that is not the case with the Separating Lines candle pattern. In this bearish case, the price is reaching a euphoric peak before quickly falling into the valley. This sharp reversal is a quick…
New Highs as Markets Pause for the Fed
All major US Equity Indexes traded to new all time highs today and leading stocks such as Microsoft (MSFT) joined them; even the small cap index the Russell 2000 (IWM) joined the SP500 and NASDAQ which are no stranger to new highs in 2021. Nevertheless we'll focus our attention on a few new earnings releases…