The volatility continues yesterday the Dow Jones was crushed nearly -700 points and today it is up nearly +900! If this isn’t a financial roller coaster ride then I don’t know what is. In today’s video, I discuss new chart levels, as well as what the Momentum Stocks trading room did with its long DLTR […]
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In today’s video, I discuss two extreme levels that could set the markets up for a balancing act. In other words, where the markets may find themselves auctioning back and forth before it has a reason to trend again. Although that’s the way it looks now, the volatility is still very high and the upside […]
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Wednesday was the exact opposite of Monday’s trade: it changed from a breath-taking decline to a breath-taking rally. The NASDAQ, for example, is up +350.00 points from its overnight low. The Dow is +700 from Monday’s close, with the S&P 500 +86.00 points. It’s a rally day indeed.
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It’s Christmas Eve and there is no Santa Claus rally. In fact, it is the exact opposite: it’s getting sold off in a HUGE way. There is a horror movie about the opposite of St. Nick and he’s called Krampus so I’m calling this the Krampus Krash. It is without a doubt the most violent […]
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The weakness continues. Despite the Fed’s best effort to get the market to rebound by having Mr. Williams interviewed by CNBC, the sell-off is intensifying. What’s more, the week is coming to a close, with a ½-day scheduled for next Monday and all markets are closed for Christmas on Tuesday. This could lead to a […]
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Most of the financial talking heads on television have been looking for a “capitulation” drop in the markets to yield an “all clear” signal. That has been going on for weeks; however, with today’s FOMC statement many thought that TODAY was the day. It didn’t happen. In today’s video, I again show the macro levels […]
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Friday’s extreme weakness continued into Monday as I suggested would happen late last week. There is always the possibility of a short-term reprieve with news occurring over the weekend, but that didn’t happen to put a bid under the market Monday morning. Stocks plummeted to new lows again. Where may it be headed? February lows […]
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Here we go again – the market is extremely weak going into the Friday close. Remember the end-of-the-week wild rallies? Yeah, good times…but they’re gone. There is no single reason why it’s lower today but there is enough general bearishness to cause it. There is turmoil in France, Brexit problems, Italy and more. Additionally, the […]
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