Blog
September 19, 2020
This past week the markets continued to slide lower as the fallout from the unwinding of the massive “gamma squeeze” saw many of the popular high beta tech names hit correction levels. The end of the trading week was punctuated by a wild Friday session as quad-witching amplified the intraday volatility. Notably, with 2 trading weeks remaining, the former high flying QQQ’s have now formed an outside month and this leaves open the possibility of the current weekly “momo down” condition to carry over onto the monthly charts. For the month it’s interesting to note that the IWM […]
September 13, 2020
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September 12, 2020
Hi Traders, This past week the markets continued their downward trajectory as last week’s lows were violated setting up the continuation “momo down” move we outlined in last week’s video. The first half of the week saw markets bounce up after dip buyers stepped up only to be met with more aggressive sellers who were able to close the markets near the weekly lows. Interestingly the VXX which is usually inversely correlated with the SPY also ended the week near the lows after completing the reversal pattern I outlined last week. The trading relationship between the SPY:VXX has […]
September 6, 2020
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August 30, 2020
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August 29, 2020
Hi Traders, Last week’s video was titled, “Enjoy The Bull Market”, and as we enter into the final trading day of the month, the markets now appear to be firing on all cylinders. It’s hard not to sound like a broken record but week in and week out the buyers have stepped up and bought each and every dip and we have now seen 5 consecutive months of higher high in the QQQ’s and 4 consecutive months of higher highs in the SPY. Said another way each and every dip has been buyable for the past 5 months. […]
August 23, 2020
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August 22, 2020
Hi Traders, Hope you had a good trading week. While the summer may be winding down this past week the markets were doing anything but. In what is usually a slow or seasonally a negative month for the markets, this past week the SPY shrugged off the summer doldrums and joined the QQQ’s in making fresh all-time highs. Q1’s sell-off is now but a distant memory and we have just witnessed one of the fastest bear markets in market history. In this week’s video I discuss: – The all-time highs in the SPY and QQQ’s and why […]
August 16, 2020
Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. Hope you’re enjoying the summer. I’ve just returned from a week-long break at the lake so sharing this slightly later video for you to prepare for the coming week. Here is your weekly newsletter — perspectives on trading and financial markets. Click here for the previous edition. Larger Forces At Work – The markets continue to drift upwards and now with the bulk of the earnings season out of the way, we can likely expect more of the usual Summer upward bias. In this week’s […]
August 2, 2020
Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. Hi traders, Here is your weekly newsletter — perspectives on trading and financial markets. Click here for the previous edition. More Highs – Quick announcement – I will be off on vacation for a week starting next weekend so there will be no Weekly Outlook video or newsletter next week so enjoy this week’s content and we’ll see you again in a couple of weeks. So this past week we got a bit of everything: Fed announcement and reaction = check ✅ earnings moves = check ✅ […]