Poor Earnings
The phrase of the day is “poor earnings.” Caterpillar ($CAT) and NVidia ($NVDA) both scared the market this morning before the open. In today’s video, we discuss this weakness and have a look at the $DJI.
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January 28, 2019
January 25, 2019
Regression, Part II
In today’s video, I delve deeper into regression analysis on the S&P 500. The current bullish regression channel is bumping into a much longer, bearish channel.
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January 23, 2019
Regression
In today’s video, we once again look at the S&P 500 for support and resistance clues, with a twist. The recent trendline that was very steep has been broken. It didn’t fail by much, but if there is more to go we can consider a regression channel.
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January 18, 2019
Explosion
Friday’s move reminds one of an explosion – fragments flying high into the air. The news that exploded the markets was a suggestion from China that it may buy $1-trillion of US goods to end the trade wars. I discuss this and chart resistance in today’s video.
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January 16, 2019
Trend Lines
In today’s video, we discuss the extreme trendline support that is running into overhead resistance. What’s more, there is a trade for it: Short $DRI.
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January 14, 2019
Trend Lines
In today’s video, I discuss trend lines. There are horizontal trend lines as well as diagonal lines. There is a very steep trend line that may be the reason why Monday’s third gap-lower open was bought for the third day in a row. Will it help the S&P 500 enough to clear the 2600.00 hurdle? […]
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January 11, 2019
Three Possible Trades
In today’s video, I discuss the overall market’s auctioning process that started on time but more importantly, what trade signals could come out of it. We are looking at several possible shorts and one long for Friday.
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January 10, 2019
Behind the Screens With Dan O’Brien
Here’s a sneak peek of one of the industry’s most reputable, hands-on trading programs with Dan O’Brien. Grab a free day pass to one of our live signal trading rooms today>>http://bit.ly/fb-free-pass
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January 9, 2019
Resistance
In today’s video, I show where I believe there is overall market resistance. These are levels where resistance should overtake the recent rally. At that point, a normal auction trade should take over and the market will fall. This could start as early as Thursday.
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January 7, 2019
Monday Rally
In today’s video, I discuss the market finally breaking through the old February resistance level. I also discuss the next few resistance levels and some new sectors that I’m considering to buy. Additionally, I talk about the long DLTR position and how high the trailing stop has ratcheted up.
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