You are here: Home1 / Exclusive Strategies
Just a reminder : Today is the last trading day of the week, and next week will be a holiday shortened trading week in the U.S., so let's see where the markets stand and enjoy our Friday of trading!
,
Note: we'll see how 'earnings' affect the markets going forward, but NVDA released earnings after the bell, and got crushed, down over $33 or 16%. We will discuss that with the NASDAQ too.
.
SPX - Wednesday we had a gap fill and a bounce into the close. We need a bigger sign of strength than that, so we'd see if Thursdays trading could show some strength...
SPX - Markets sold off to a new low on Thursday morning, and then put in a nice reversal. It overtook more than 1/2 of the prior days candle, so you could add to positions on a day like that, with a tight stop at the lows. Our inverse H&S remains in tact, let's see if this can power higher.
Read MoreLet's take a look at the Markets, and I will discuss the Theme Picture later in the report. Consider the last part of this report as important, and please read it carefully.
.
DJIA - We have a gap fill. Now let's see if these markets can get moving to the upside. I have discussed my thoughts on the General Markets in recent reports.
Read MoreIt certainly looks as though Oil has entered the capitulation phase of a sell off into an ICL, and a low is very near. I want to discuss that as a future buy opportunity in this report, but first we'll do a market review. Just to reiterate: In just about every sector, Trading remains very choppy. That can be a bit frustrating or even a bit damaging if position size isn't kept small, stops aren't honored, etc. The sidelines are not a bad place to be until the dust settles a bit.
.
SPX - Rejected at the 50 sma on a bounce, so far this peaked on day 7. We now have a possible inverse H&S, but the open gap below could draw price in for a gap fill.
Read More
Scroll to top
