Downtrend
In today’s video, I show how the “Squeeze Play” has changed to a downtrend. What are the expected levels of support and resistance? Well, you’ll just have to watch the video.
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November 23, 2018
November 23, 2018
Bellwether
In this video, I discuss a stock that is able to move the markets in either direction at will. Do you need to watch a bellwether stock to help you with all of your other trading? Watch this short video for the name.
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November 19, 2018
Squeeze, Part Deux
In today’s video, I discuss last Friday’s squeeze pattern again. To my amazement, the S&P 500 (as well the other indices) was crushed Monday, which brought the lower squeeze support line into play faster than I expected. Since the Momentum Stock Room was short $FFIV, I explain how this chart pattern helped us take a […]
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November 16, 2018
Squeeze
In today’s end of the week video, I discuss the chart formation of the S&P 500 – the squeeze pattern. The market is currently auctioning between these levels which will be very important support and resistance levels for next week. Which way will it break out?
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November 9, 2018
Reversal Day
The end of the week has brought back Halloween: Scary things all around! Although it is not really Halloween and there are no ghosts or goblins around, there sure is a scary sight in the markets today. All of the major indices are down – sharply. As I write this, the S&P 500 is down […]
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October 29, 2018
Is It Time To “Sell the Rip”?
In last Friday’s video, I described several support levels to watch for if there was continued weakness. In a way, one can argue that today’s action is worse than the run-of-the-mill decline because it happened on a day that had a VERY strong open. The Dow was +300 at one point this morning…and then suffered […]
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October 26, 2018
Bearish Decline
In today’s video, I discuss some major support areas in the S&P 500. Did the market reach one Friday near its lows? Will traders sell positions into the close because they don’t want to be long through the weekend? If it doesn’t hold, the levels mentioned in the video will be even more important.
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October 22, 2018
Is the S&P 500 Stuck?
After the extreme break in the S&P 500 on October 10th, the markets have been trading in mostly sideways. Sure, there was follow through on the 11th as you can see in the chart below, but since then it has not continued the break. During the 7-day consolidation period, volume and volatility have slowed markedly. […]
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October 19, 2018
Bearish
In today’s video I discuss the recent bearishness of the market and how to take advantage of this via inverse ETFs.
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