Targaryen Strategy update & trade Watch
A discussion in to the Targaryen Trade Strategy within this current market correction.
Targaryen Strategy update & trade Watch Read Post »
Tech Snaps-Back from yesterday’s Sell-Off, But Should see new Lows Ahead
The QQQ reached mildly oversold conditions yesterday as did a wide range of large cap tech stocks. Today’s rebound is an oversold bounce. Any further than $512 on the QQQ increases the chances of a bottom in the market.
Tech Snaps-Back from yesterday’s Sell-Off, But Should see new Lows Ahead Read Post »
Market likely nearing a near-term low as it sells-off into inflation data
With the markets set to open at key support, we may be looking to buy a range of different positions for different portfolios.
Market likely nearing a near-term low as it sells-off into inflation data Read Post »
Market tests Key Support for a THIRD TIME & Holds in the AM
Market makes a hard push toward major support in the AM and the bulls take charge. It’s still very early in the session and we could see another retest later today. Market still far from correction territory.
Market tests Key Support for a THIRD TIME & Holds in the AM Read Post »
Market Reaches a Critical Point as Bulls Look To Take Over at any Minute
Bulls & Bears continue to trade sessions. One day we’re up big. The next we’re down big. Eventually that trend will shift and one side will take control. At the moment, the trend is favoring the bulls for the reasons we outlined in yesterday’s session.
Market Reaches a Critical Point as Bulls Look To Take Over at any Minute Read Post »
High Volatility Continues but the overall Momentum Set-up Favors the bulls
While the QQQ is down heavy today indicating a continuation of the high volatility we’ve been seeing, the overall trend is still very bullish. The bears need a lot more selling to push this into a correction.
High Volatility Continues but the overall Momentum Set-up Favors the bulls Read Post »
New Segmented Rally in the Market?
A lot different things going on in the market today. Analyzing the QQQ to determine if we’re in a new segment or continuing a topping process. Nvidia reaches overbought, but that might not matter. Netflix might be ripe for a trade.
New Segmented Rally in the Market? Read Post »
Market Rebounds As expected after 6-Days in a Row of Selling
SPY/QQQ/DIA rebounding after 6 consecutive days of selling pressure. A rebound is to be expected. But neither the 6-days of selling was impressive nor is this rebound. So far, the market just seems to be in a funk. It doesn’t want to pull off the bandaid and just finish the correction nor does it seem eager to rally.
Market Rebounds As expected after 6-Days in a Row of Selling Read Post »
Big Volatile Swings to Start the Year
A lot of volatile swings to start the new trading year. Correction risk continues to hang over the stock market for the month of January.
Big Volatile Swings to Start the Year Read Post »
Market Topping Process Continues as We Head into Year End
The NASDAQ-100 (QQQ), S&P 500 and Dow all continue their topping process but the slower grind is increasing the odds for a double-bottom. We need to see volatility pick up or the correction setup could be substantially delayed.
Market Topping Process Continues as We Head into Year End Read Post »