by the admin | Oct 7, 2021 | Articles, Forex, S&P 500 - SPY, Stocks, USD
tomorrow brings NFP and markets are pretty coiled up for it. The risk trade is in focus and this can of course push a number of other markets along with it. On the lucky side, VIX slid back below 20 today so premium isn’t as expensive. Straddles can look more...
by the admin | Sep 17, 2021 | S&P 500 - SPY, Stocks
Next week brings the Fed and they may actually punt here. Covid numbers are a reason, but this Evergrande thing may spiral and with stocks pulling back a bit they might balk. But, they have been pretty intentional so I do think they’ll ultimately have something...
by the admin | Sep 15, 2021 | Articles, S&P 500 - SPY
I still remember when there was massive skepticism around QE. It was artificial, and basically just a fake leg for global markets until politics could get their shit together and fix the structural problems that had shown at the time. Those problems were pretty...
by the admin | Sep 11, 2021 | Apple, Articles, Stocks
Looked at the setup earlier this week, Apple testing Fibonacci resistance, as taken from a 141.4% extension. That’s led to an $8 move off of the highs, with prices now getting back into the territory of short-term support. Buying opportunities may follow next...
by the admin | Sep 10, 2021 | Articles, Gamestop, Stocks
Can’t count the apes out. As long as the FOMC flow remains robust, the apes will continue to swing. When or even if interest rates come back, that might change but for now, people are taking crazy risk because the Fed wants them to do so. Don’t blame the...
by the admin | Sep 9, 2021 | Gamestop, Stocks
There’s a really excellent example of a gap fill this morning in Gamestop (GME). Game stop gapped down bigly this morning, to the tune of 18.71. Yesterday’s close, marked in red on the below chart, was at 198.36, and this morning’s open was at...
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
Stocks have pulled back a bit. After the early morning breakout, the S&P failed to hit the r2 zone and instead, pulled back. After breaching through s1, prices immediately ran down to s2 and are holding there now. This is a buy setup into the close, s1 initial...
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
S&P bounces on the open, takes out ‘r1’ to open a bullish break and price is now heading for target 2, the ‘r2’ zone looked at earlier 452.81-453.06.
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
S&P 500 Daily Levels & Setup Bullish backdrop, looking for short-term breakout There’s two big zones on either side of price, with a thick zone as ‘s3’ and a thin zone as ‘r2’ – each of which come from prior unfilled gaps...
by the admin | Sep 9, 2021 | Articles, Stocks, Tesla
Tesla has come back to life over the past couple of months, along with everything else as the Fed has went out of their way to be uber dovish. Maybe that changes, maybe not, but the fervor that was in TSLA earlier in the year is there no longer. And prices are hitting...
by the admin | Sep 8, 2021 | Apple, Articles, Stocks
Apple has been on a helluva run lately. My bull thesis here is that while the world ran into a chip shortage, apple became one of the most cutting edge producers of microprocessors. Of course, they’re going to keep most of their supply to feed into their...
