The stock indexes are updated in the Chart Room in the member’s area and here’s what I see going forward over the next 1-2 years. Also, let’s do a quick tutorial of how to use the Chart Room’s multiple time frames.
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The S&P 500 broke higher as did small caps and technology, but the real story is overseas equities with help from a falling US dollar and US yields. Here’s what it all means.
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Tech acted well today while small caps lagged and we’ll trust the uptrend for now, but what is the move higher in gold and bonds suggesting to us?
This is an exclusive, members-only webinar that takes a deep dive into our current positions, potential trade setups, our trading methodologies, and have all of your questions and comments addressed! (more…)
A quiet session today that left the indexes mostly range bound, but earnings seaon is now underway and the move in NFLX was simply expolsive. Here’s what we can expect with our earnings trade in NFLX tomorrow.
Heading out for an anniversary dinner to celebrate her dealing with me for 6-years…and here’s our plan heading into this week!
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Converting our put spread into a butterfly following the wave 5 high ahead of a consolidation to maximize profit.
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Tech has rallied smartly for us, but it’s run smack-dab into resistance that must be monitored closely. Speaking of keeping an eye on things, our Goldman position has come back from the dead and is possible to reach max profit by the close today with help from strong bank earnings.
Yellen said “not so much” on rate hikes sending stocks and bonds higher while yields sold off. We made some money today on our longs and are still focusing on longer-term sell zones in the next few percentage points above us.
Trump JR emails hit the markets, but the 78.6% retracement was standing guard and provided a beautiful support level to keep our long positions moving forward. Even though support held in the micro term, we might be looking at range bound conditions for the rest of the summer and into the fall based on this Elliott Wave count.