Trading

      Hope you’ve all been doing well. This week I’m releasing a special US elections edition of the Market Outlook to prepare for the historic and the potentially volatile week ahead. Not only do we have US elections this week but we a full economic calendar (including an FOMC announcement), a full earnings calendar, and a brand new trading month. On top of that, the QQQ and SPY have set up a potentially volatile price action pattern that warrants close attention. Fortunes will be made and lost this week. Remember trade safe and trade to trade well. All […]

      I’ve been doing the Weekly Market Outlook videos for the past 1 and a half years and over that time you’ve seen me navigate the ups and downs of the markets and I think we’ve done a pretty good job at staying on the right side of price most of that time. The purpose of these videos has always been about sharing perspectives with the hope that it informs and hopefully improves your trading. So after 18 months of doing these weekly videos, I have decided to take a hiatus from these Weekly Market Outlook videos. The […]

    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 […]

    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 […]

    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. […]