In today’s video, we discuss the impact of the meeting between the US and China at the G20 summit on the markets. There was neither a kumbaya moment nor an acrimonious and contentious meeting. The politicians did what they’re best at: They punted or kicked the can down the road.
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This weekend is an important G20 meeting in Argentina. This is a meeting of 19 individual countries and the EU, where they discuss the promotion of international financial stability. This weekend’s meeting, however, will take on more significance than normal because of the meeting between Trump and Xi. Will they make a trade deal, or […]
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After the subdued end to the holiday portion of last week, the market’s volatility is back Monday. All of the indices are up quite a bit due to rumors of the Fed and Italy in Europe. In today’s video, we discuss the macro picture of the NASDAQ as well as the S&P 500 charts; their […]
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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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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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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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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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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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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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