October 12, 2019

Weekly Market Outlook For October 14-18, 2019

  This past week, market sentiment gyrated wildly as the continued US-China tariff talks continued to drive headline risk. Add in the fact that many market participants were off for the Yom Kippur holidays and you had the combination of lower volume and potential for pockets of volatility. Lots of traders were licking their wounds going into the end of the week as the staccato price action chopped up traders however the positive progress from this week’s tariff talks left the bulls in control allowing buyers to test the monthly and quarterly opening levels on the DIA and SPY, with […]
October 5, 2019

Weekly Market Outlook For October 7-11, 2019

  In case you missed it, this week the markets swooned lower on a lower than expected ISM # only to bounce back later in the week as market participants decided that bad news was good news as weaker economic #’s may force to Fed to cut rates which would ultimately be good for stocks. In the end, it appears the current market narrative is a win-win for stocks. Bad news then the Fed will cut rates and that will be good for stocks.Good news and well that’s also good for stocks. 🙂 So one has to ask what would […]
September 28, 2019

Weekly Market Outlook For September 30 – October 4, 2019

  This week the markets were once again buffeted by headline risk as the combination of a possible impeachment Stateside as well as the possibility of Chinese stocks being delisted from the NA equity markets had traders selling first and asking questions later. We have 1 full trading day left in September and Q3 so this coming week bring into play the open of a brand new month and quarter. Even with the recent gloom and doom over the past 20 years, October has historically generated positive returns. This means we want to pay careful attention to how price transacts […]
September 22, 2019

Weekly Market Outlook For September 23 – 27, 2019

  Both the TSX and SPY found new all-time highs this week but the volatile news flow gave the sellers the edge into the close of the week. The news flow really punctuated this past trading week as the spike in oil and geo-political risk kicked off the week, then by mid-week all eyes were on the Fed and FOMC announcement, followed by more trade talk news out of China and quadruple witching to end the trading week. All in all the markets held in surprisingly well with 3 out of the 4 major indices logging inside weeks. This coming […]
September 15, 2019

Weekly Market Outlook For September 16 – 20, 2019

This week the race was on back to all-time highs. Both the TSX and SPY managed to make new all-time highs while the DIA and QQQ came within less than 1.5% to those highs. In this week’s video I ask the question – why are traders always looking for corrections at all-time highs? Then we go through the charts to see what the internals, as well as the major sectors, are objectively telling us. This coming week all eyes will be on the Fed as we can expect to see some volatility from the FOMC announcement and press conference. Also, […]
September 8, 2019

Weekly Market Outlook For September 9 – 13, 2019

The first week of September did not disappoint as we have now cracked the rangebound trading that punctuated the month of August. In case you missed it, the shortened trading week saw the NA indices bottoming on the first trading day of the week and month followed by a bullish kicking gap up on Wednesday trapping the shorts and resulting in the short squeeze and rally to close the week. The net result is that the SPY and QQQ are now less than 2% away from their all-time highs. Still, September is historically a volatile month so any errant tweet […]
September 1, 2019

Weekly Market Outlook For September 2 – 6, 2019

August is now in the books and it was a volatile one. In the month of August, the North American indices shed some of their yearly gains but on a positive note ended the month well off the lows. Unfortunately for investors, September has a historically negative bias so that is one scenario we need to continue to watch out. This past week was a choppy one marked by gaps and reversals as we saw the markets buffeted by headlines risk, earnings, as well as lower volumes typically associated with summer vacations. For the past 2-3 weeks, indices have been […]
August 24, 2019

Weekly Market Outlook For AUG. 26 – 30, 2019

As we discussed in last week’s video, the game plan this week was to balance two opposing perspectives and timeframes. Going into the beginning of the week, on the short-term timeframes the buyers were in control however the major indices were still trading with full-timeframe alignment to the downside. In boxing, they say it’s the punch you don’t see coming that knocks you out. It took until Thursday until sellers were finally started to wrest control back from the buyers. On Friday while markets were pricing in comments from Powell, Trump threw the punch that no one expected and the […]
August 18, 2019

Weekly Market Outlook For August 19 – 23, 2019

As I stated in last week’s video, “buyers need to continue to keep control and defend their levels else risk sellers stepping in and selling the pullback and flipping things back to full-time frame alignment to the downside“. This past week the bulls were met with a number of bearish macro scenarios and ultimately the bulls lost control and markets buckled due to the intensified selling. By mid-week sentiment had turned overly negative and compelled me to share the possible reversal, which set up the buying opportunities on Thursday and Friday. See – Overly negative. In the short term, the […]
August 11, 2019

Weekly Market Outlook For August 12 – 16, 2019

Markets broke to the downside this week but buyers stepped up creating a mixed technical picture. The short term momentum is to the upside but the technical damage has been done. Buyers need to continue to keep control and defend their levels else risk sellers stepping in and selling the pullback and flipping things back to full-time frame alignment to the downside. Lots of earnings on the tap for the coming week so expect continued volatility. In this week’s video, we look at the technical outlook for the VXX VX SPY QQQ IWM DIA EEM TSX TLT GLD XAUUSD GDXJ […]
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