The NASDAQ-100 needs to decisively trade back above $488 to begin a new leg up through its all-time highs. The longer it trades near $480, the more likely it is to break down.
Daily Briefing: Slow day, but market still not out of The woods Read Post »
With the QQQ having reached our downside target of 3-4% down on 3-7 sessions, we’ve now entered a short period of uncertainty. However, by end of session today or tomorrow, we should have some clarity on the market’s next immediate move.
Daily Briefing: market direction & clarity to come in the next 1-2 days Read Post »
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Trade Alert: Trade made in Sep 4 Options Portfolio Read Post »
It’s looking increasingly likely that the market will bottom out today. The bears don’t seem to have it in the team to take the QQQ below $477.50 support.
Daily Briefing: Market pull-back could end as early as Today Read Post »
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Trade Alert: Trade made in SW Sep 4 Options Portfolio Read Post »
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Trade Alert: Trade in Sep 4 common stock Portfolio Read Post »
The NASDAQ-100 is now down 2.8% from its highs and getting close to a buy target.
Daily Briefing: QQQ Pulling Back as Expected Read Post »
The waiting continues as the market trades sideways. Today marks session 16 of the rally that began on September 6. We should see a bigger pull-back begin sometime this week.
Daily Briefing: Slow Consolidation continues with tight trading ranges Read Post »
After the markets pull-back 3-4%, it should be clear skies ahead in calendar Q4. Some risks remain, but the overall evidence points to considerable upside for the final quarter of the year.
Weekly Roundup: a look ahead to the fourth Quarter Read Post »
With yesterday big gap-up seeing a strong reversal day and with today’s session already looking on the weaker side, our near-term outlook remains in tact. Near-term peak followed by a 4% pull-back. We’ll likely see a sell-off sometime next week. The selling should last no more than 3-5 days total.
Daily Briefing: Inching closer to a near-term peak Read Post »