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April 17, 2019
A Tale Of Two Tapes

A Tale Of Two Tapes

Don’t be fooled by the tape. As I posted yesterday the tape is dreadful. There’s been heavy and continued selling in your former market leaders and the market has been going up on fumes this week. We are grinding up with fewer and fewer stocks participating. Look at the SPY chart below which has an overlay of the number of S&P100 stocks above their 50 day MA in blue. Notice the negative divergence. The longer-term trend continues to be up but the risk is for a short term pullback. Stay diligent and watch to see if this week’s lows are […]
April 16, 2019
Ugly Day

Ugly Day

Don’t let the closing price fool you – today was an ugly day. The indices gapped up and for the most part held their gains but the recent chop has a made mess out the charts of a lot of individual stocks. The trend is still up but some technical damage has been done. Time heals all wounds so the markets need to put in a good showing over the next day to begin to repair the technical damage and entice buyers back in. IWM ends the day inside day and inside 4H. Let’s see which way they break em […]
April 16, 2019

Watch For Continuation

Yesterday all the indices and VXXB went outside inside on the 4H chart. This morning we’re looking at gaps up across the board and a gap down on the VXXB. Now that the pattern has resolved to the upside you want to be watching for continuation. Or else if price starts retracing and coming back into the outside bar’s range watch out for the potential to test the other side of the range if buyers can’t defend the inside bar high. Good trading!
April 15, 2019
Seasonality and US Tax Day

Seasonality and US Tax Day

VXXB starts the day taking out October’s lows as per the Weekly Outlook video. Also interesting post over at the Quantifiable Edges blog about the effects of Tax Day and this week’s OPEX which plays into our current thesis for the week. Good trading for the week!
April 13, 2019

Weekly Market Outlook For April 15 – 19, 2019

Here’s your weekly market analysis video to prepare for the coming week. In this video, we look at the technical outlook for the VXXB SPY QQQ XLK IWM DIA TLT XLF GLD BTCUSD TOTAL UKOIL and KO for the week of April 15 – 19, 2019. We discuss the trajectory of the markets to hit all-time highs, examine the price action of an inside week, and share some trade ideas.
April 12, 2019
Nobody Said It Would Be Easy

Nobody Said It Would Be Easy

This market is hilarious and the price action has been equally egregious to bulls and bears alike. Here was this week’s game plan:– Spend the majority of each session selling off and stop out all the longs. – Then gap up and stop out all the shorts. – Rinse and repeat. Who said that getting to all-time highs would be easy?
April 11, 2019
Let’s Do It Again Tomorrow Shall We

Let’s Do It Again Tomorrow Shall We

The markets went, well nowhere today. If you only looked at the day’s close then you rightly saw that the indices didn’t move much, however, this belied the fact that it was a very odd day that saw all the indices including the VXXB, oil, gold, bonds, Asia trading in the red at various points in the trading day. VXXB gapped down in the morning and grinded lower for the first 2 hours in a staccato fashion just to pop up, retrace the downside move, and stop everyone out in 15 mins. It was that kind of day. DIA was […]
April 11, 2019
The Markets Have A Mind Of Their Own

The Markets Have A Mind Of Their Own

Mid trading day and we have quite a cross-current of themes going on. As such we’re seeing a lot of uncertainty which oddly has resulted in all the indices, VXXB , GLD, OIL, BTCUSD, EEM and the TLT all currently trading in the negative. Some of these things you wouldn’t expect to see because of inverse correlations so keep focused on the broader macro trend and let the intraday and shorter term noise resolve itself.
April 10, 2019

Markets Once Again Shake Out All The Weak Hands

Markets shook out the weak hands and shorter-term perspective traders before making all-time highs in a number of stocks including the Tech ETF we’ve been watching – XLK. In this video, I review how VXXB resolved lower and the fantastic shorting opportunity today as well as show what price discovery looks like and why you keep getting stopped out when drawing horizontal support & resistance lines.
April 9, 2019

Rally To All-Time Highs On Hold For Another Day

The rally to all-time highs fizzled out today as news about possible Trump tariffs to the EU nation states dominated the newsflow. Does this pullback put the broader rally into jeopardy? In this video, we review the price action in the VXXB to see what short-term signals and pivots are in play and what to watch out for tomorrow on the QQQ’s ahead of tomorrow’s FOMC report.
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