Instead of a video today, I have two stark charts to view. Do they look similar? Perhaps to some, but when the “structure” is removed, the second chart should look quite different from most. In the first chart below we see the old bullish structure; we can see the perfect channel rising from the lower […]
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In today’s video update, we look at the S&P 500 and where it was supported Monday, which was exactly where I suggested last week. So what do you do with this macro-info if you don’t trade ETFs? In the second half of the video, I discuss a deep buy: MMM.
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In today’s video, I discuss the current market weakness and what’s causing it (hint, it’s two things, actually) and what may cause further weakness.
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Since Monday was October 1st, and since there were a few major market meltdowns during this month, the press wants to know if the highs are in. Except, the market exploded HIGHER this morning due to the new tri-lateral trade deal that replaces NAFTA. In today’s video, I discuss this new deal and what, if […]
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I’ll give the global/macro approach to the markets a rest today. In today’s discussion, I’d like to talk about Elon Musk and Tesla. In the first chart below we can see that there was a massive move lower; a gap down, followed by strong add-on selling. What happened? Was Elon Musk smoking pot again on […]
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Today’s video discusses several reasons for Monday morning’s weakness, including a potential political problem. The video dovetails well with Friday’s post of the S&P 500 support and resistance levels (Hint – it’s on one right now).
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In today’s video, I discuss the market’s new highs, as well as targets for the Dow and S&P 500. In today’s world, trade wars and ever-increasing tariffs are BULLISH… who knew? Professors will have to rewrite their economic textbooks to include this wonderful new wrinkle in the markets.
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Will there be a $200-billion tariff levied against China or not? The president tweeted about it again this morning when he sent the following: Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country – and yet cost increases have thus far been almost […]
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Thursday is going to be the day to watch this week. Tune in to this video and find out why!
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In today’s video, I discuss the early gap-up start to Monday’s trade and what could have caused it, as well as this week’s events. Thursday could be the day that the market moves a great deal, depending on the CPI report.
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