Fishing Plan for Week of May 4 – 8: Rapid Shifts

Fishing Plan for Week of May 4 – 8: Rapid Shifts

Market Thoughts This morning I had one target in SPX as called out in my live trading room: $2898. It was hit aaaand then it was rejected. (Not my first rodeo.) Having said that, I still expect chop this week into Non-Farm Payrolls. A few reasons: We haven’t gone anywhere really but sideways for 18 […]

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Premium Video: May Day Market Review

Premium Video: May Day Market Review

For Clients Only: As warned Thursday in my live trading room, and in my “Month in Review: Nobody left to Squeeze“ client post, markets had hit key resistance levels Thursday and would likely digest/pull back post FOMC and FAAMG earnings. Friday morning I warned at the open: “I think we’re going to have a trend […]

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Intermarket Chart Attack: Digestion, Indigestion

Intermarket Chart Attack: Digestion, Indigestion

Playbook My last Intermarket Chart review I primarily wanted to revisit my ‘before’ and ‘after’ charts from my recent market timing calls: Intermarket Chart Attack: 1929 or 2008. In this post, I want to highlight certain themes for continuation...
Intermarket Chart Attack: While Waiting For A Rug Pull

Intermarket Chart Attack: While Waiting For A Rug Pull

While waiting for a rug pull (next 30 days I suspect), here are the strongest looking charts – both Intermarket and Sector. McClellan Summation is still pointing upwards with MACD now cooperating. This is bullish SPY until it reverses. Nasdaq McClellan Summation Index is also pointing upwards, although RSI is strongly overbought. This is still […]

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