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 »
High Volatility likely to continue this Week
Market’s near-term direction is a little unclear, though the bias is to the downside. Intermediate-term, it is still headed for a full-blown correction in January. That outlook hasn’t changed for months.
High Volatility likely to continue this Week Read Post »
Market Volatility & Uncertainty Rise As we head into the last few trading days of the year
In 6 out of the last 7 trading days, we’ve had a highly volatile trading days. With the markets having largely retested their highs — except of the Dow — we could see a correction and roll at any moment. It remains to be seen if we get follow through next week.
Market “Retest” Scenario in Play
As the Santa Rally continues, there’s a strong chance a retest of the highs is underway in both the SPY and QQQ before any sort of correction takes hold in January.
Market “Retest” Scenario in Play Read Post »
Trade Alert: Trade Executed in Baratheon Portfolio
10:25 AM EST on December 24, 2024 Trade Alert: Sell to Close QQQ February 21, 2025 Calls @ $37.25 x
Trade Alert: Trade Executed in Baratheon Portfolio Read Post »
Market Snap-Back Rally Extends to Expected Historical Range
The market rebound has extended to our high expected range. But now risk has returned. Different risk factors point in different directions at this point. We discuss in the Daily Briefing.
Market Snap-Back Rally Extends to Expected Historical Range Read Post »
Market should see some upside this week following last Friday’s Rebound
Based on near-term indicators, the market should see continued upside early the week. Santa rally could also contribute to the the markets higher as we go into year end. Chances are we get more selling right after that.
Market should see some upside this week following last Friday’s Rebound Read Post »
NASDAQ-100 (QQQ) now in a Full-Blown correction Down 5.5%
A market correction is now underway. With the indices deeply oversold and many indicators already flashing extremes, we should see a rebound of some kind ahead of another leg lower.
NASDAQ-100 (QQQ) now in a Full-Blown correction Down 5.5% Read Post »
Trade Alert: Trade Executed in Baratheon Portfolio
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Trade Alert: Trade Executed in Baratheon Portfolio Read Post »