Trading

May 8, 2021

Market Watch For May 10-14, 2021 – A Raging Bull Market in Digital Assets

  Hope you had a good trading week. Sure the SPY and DIA made new all-time highs but the eye-popping gains this week were in the digital/crypto-asset space. Don’t look now but Ethereum is nearly $4000 and this past week more and more legacy/traditional financial institutions signaled their intent to dive into the digital asset space with product offerings and trading desks. For those of us who have been active and trading in the crypto space, the mainstream adoption of Crypto has been a long time coming but now we’re seeing that the best and brightest on Wall Street are […]
May 1, 2021

Market Watch For May 3-7, 2021 – Chop and Churn

  The month of April ended with a whimper amid a very choppy tape and some fresh all-time highs thrown in the mix. After 7 consecutive months of higher highs, the grinding nature of the indices suggests we are now at somewhat of a stalemate or at least a point of consolidation where it makes putting fresh money to work a tricky proposition. With the new trading month, there are now some real downside risks if we see last month’s lows on the indices tested. Last week I called out your attention to the potential weekly reversal in bonds and […]
April 24, 2021

Market Watch For April 26-30, 2021 – Relentless Markets & Risk Forming

    Another week and another set of fresh highs for the SPY. Even with selling from the rumors out the Biden administration about a potential hike in capital gains tax on Thursday by Friday the markets had mostly shrugged off the apparent bad news and squeezed the shorts to end the week strong. With that said, for the most part, it was a go-nowhere week with the ranges remaining tight portending a potentially volatile week to come. This coming week is the final trading week of the month and we have a busy econ and earnings calendar so this […]
April 22, 2021
SHIT’s getting real …

SHIT’s getting real …

SHITPERP update – This is what happens when momo gets extinguished and you break that Bollinger band walk. Hope you got short some shit coins. Short DOGE.
April 17, 2021

Market Watch For April 19-23, 2021 – Market Watch 🔍

    As I mentioned in last week’s video, all eyes were on the QQQ’s this week as it seemed poised to join the SPY and DIA at all-time highs and the QQQ’s did not fail to deliver hitting ath’s mid-week and closing near ath’s. Congrats QQQ holders! :muscle: Our call on the reversal in bonds and gold continues to play out along with the strong correlation between the long bond and QQQ, as well as the long bond and gold. This coming week the IWM is the index to watch to see if it can play catch up as […]
April 10, 2021

Market Outlook For April 12-16, 2021 – How Far Will Things Go?

    This past week the rally in equities continued as the SPY touched fresh all-time highs and the DIA joined the party closing at new all-time highs on Friday. This coming week the QQQ’s appear poised to set all-time highs and the IWM is now the odd index out trailing far behind. The fear of additional fallout from the Archegos saga appears to now be in the rearview mirror as the markets rallied once again on the backs of broken trades and traders. With the overwhelming strength across so many asset classes, anyone who is calling for a market […]
April 7, 2021
Is the forced selling in Archegos related names over?

Is the forced selling in Archegos related names over?

VIPS is now trading outside-inside-inside on the weekly chart. A break above the prior week’s high will likely trigger some short covering. Watch this list of Archegos names – GSX, TAL, FTCH, VIAC, DISCA, and IQ for possible similar setups.
April 3, 2021

Market Outlook For April 5-9, 2021 – Raging Bull Markets

    Hi Traders, This past week the Archegos saga continued to unfold as the forced selling in a number of formerly high flying stocks had traders guessing if there was another shoe to drop. Is the saga of Archegos a one-off or is it the tip of the iceberg indicative of a larger systemic issue? While many of Archegos’ holdings saw selling pressure throughout the week, equity indices continued to make their way back to all-time highs with the SPY breaking and closing about 400 for the first time. The rest of the indices now appear ready to join […]
April 1, 2021

I’m On BitClout

So BitClout is the hottest social media network that launched this past week or so and if you haven’t heard of it yet now’s the time to check it out. Here’s the big idea – using Bitcoin you can invest in the platform via the BitClout coin and the users of the platform via their individual coins which creates a pretty interesting incentive system. As traders, it’s quite compelling as who hasn’t wanted to have the ability to go long/short your favorite celebrity or online personality.  😂 It’s still early days so if you consider yourself an early adopter or […]
April 1, 2021
Bitcoin Setting Up

Bitcoin Setting Up

BTCUSD had a phenomenal month of March. As we enter the month of April we have an interesting scenario setting up. If BTCUSD can close the day as an inside day we’ll have the daily outside-inside scenario, which is consolidating right on the prior week’s weekly inside bar reversal and prior month’s high – all significant levels. If we get a break of this pattern we stand a good chance at seeing some fresh all-time highs in short order.