More New High Coming? - 11/3/2019

The stock market made a new high last week. Will there be more new high coming?

SP500 Going To 3200? - October 27, 2019

The stock market flirted with its all time high last week. Will the SP500 finally make a new all time high and move toward 3200? In this video, we will review and analyze the price action for the SP500 and the Nasdaq to see when they might be headed. In addition, we will also analyze the crude oil and the gold market to see what we might expect these two commodities to do in the near term.

Stock Market Struggling To Make New High - October 20, 2019

The stock market is still struggling to get back to its all time high and to make new high.

Weekly Stock Market Update - (Sell The News) October 13, 2019

In this weekly stock market update, we will look back at how the market reacted to the latest US & China trade negotiation and what to expect from the market in the coming week.

Weekly Stock Market Update - (Short Squeeze) 10/5/2019

The stock market this week sold off on weak manuf & non-manuf ISM data, and ended up squeezing the shorts on a short squeeze bounce. In this weekly stock market update, we will analyze the price action and establish some scenarios for the coming week.

Weekly Stock Market Update - 9/29/2019

The stock market had another wild swinging week. The SP500 closed at 2961.79, down 1.01% or 30.28 points. The Nasdaq 100 closed at 7681.58, down 1.81% or 141.97 points. Most of the damage was done on Tuesday by the impeachment inquiry news, and capped off by the trial balloon on Friday from the Trump administration on possible delisting Chinese companies from the US stock market. After the market sold off on that trial balloon, the U.S. Treasury and the White House were walking back that consideration on Saturday by issuing statement indicate it has no plan on delisting Chinese companies at this time.

In this weekly stock market update, we will review and analyze the stock market price action from last week and establish some possible near term scenarios for the stock market. Near the end of this update, we will analyze Alibaba (BABA) stock for possible trade opportunities after it has dropped more than 5% on Friday and 9.06% or $16.53 for the week, and see if we can capitalize on the White House retraction regarding delisting Chinese stocks from US stock exchanges.


SP500:

The past 3 weeks weekly price action formed a bearish evening star candle pattern near the ATH (all time high) of 3027.98.

On the daily chart of the SP500, we noticed the bearish evening star candle pattern from prior week and that flagged us to be on the lookout for a potential near term pullback. One of the pivot level we were watching was the 2978.57. If this level was violated on the downside, then we will focus on the price movement toward filling the gap below and moved back underneath the 2939.08 potential support level. On Friday, it dropped to an intraday low of 2945.53, short of filling the gap.

In the coming week, we will watch for a short term bounce back to test now the potential resistance level at 2978.57. If it proceeds to move up above this level, then it must move above the pivot high at 3021.99 in order to put in a higher high/higher low. Otherwise, if it fails to take out the resistance level at 2978.57 and the pivot high at 3021.99, then monitor the price to retrace and complete the gap fill. The next major downward move for the SP500 could be filling the gaps at 2921.86 and 2891.85 as it move toward potential major support near 2834.97.


Nasdaq 100:

The Nasdaq 100 weekly price action shows it had a inside week breakdown with a lower high.

The daily price action shows it has broken down from the prior week's bearish evening star candle pattern and dipped below the support level at 7747.08. It has filled the gap below 7747.08, and on Friday, it closed below the ascending trendline.

Next week, we will monitor for a possible short term bounce back above the prior support level at 7747.08. Unless it moves above the prior pivot high at 7975.33 to form a higher high/higher low, then we will resume on watching for continuation of the pullback toward the potential major support level near 7356.27. On this move down, there are some potential minor support levels to keep an eye on. They are 7584.82 and 7442.93.


Watch the video for a complete analysis of SPX, NDX, Emini SP500 (ES), Emini Nasdaq 100 (NQ), SPY, QQQ, and BABA.

Weekly Stock Market Update - 9/22/2019

In this weekly stock market update, we will review the SP500, Nasdaq 100, the emini futures and the ETF for these respective indices. Also, we will analyze oil and gold.

Weekly Stock Market Update | Wild Week Coming - 9/15/2019

The FED will announce its next rate cut this Wednesday, and the world will lose 5% of daily oil supply due to bomb damaged Saudi oil processing facility. These macro events are setting up the stock market for a wild week.

Still Waiting For The Move

A quick stock market update for today, September 9, 2019.
If you have not watched my weekly stock market update video, click on this link to view it: https://youtu.be/8XSSMAcYq54

Break Out or Fake Out?

In this weekly stock market update, we will analyze the recent price action and establish some near term scenarios for possible price movement away from recent balance zone.

Trade Ideas For The Stock Market

Trade ideas for trading the stock market.

Stock Market Analysis (Back To All Time High) - June 23, 2019

Watch this video for the latest stock market analysis on what it might do in the near term.

The FED gave a dovish tone on interest rate, and the market soared to new all time high. Gold broke out of a five years high and oil continues to move up as Middle East tension escalates.

Uncertainties + Trade War = Volatilities

In this stock market weekly update, we will review the broad market indices and some key market segments as the stock market attempts to weather the trade war between US and China.

Stock Market Sold Off On Yield Curve Inversion

The 3 months vs 10 years yield spread went negative and the market sold off. Is this the beginning of a major correction? In this weekly market review, we will analyze the indices, the futures market, the index ETFs, and the FAANG stocks to see what to expect as the market reprice for a possible recession.

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Will Gold Shine In 2019?

Gold has created a multi-year baseline near the 1380 level, and if it can break through it, then a trend reversal could move the price above 1500.

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SP500 Emini Profile Watch - 9/10/2018

Emini closed with a poor low today. Here are some scenarios to watch for tomorrow RTH.

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How The Stock Market OpEx Game Might Be Played - 4/5/2018

In this video, we will take a look at some possible games the market plays on OpEx day using the SPY.

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Wild Wild Week For The Stock Market - 2/10/2018

This week has been a wild wild week for the stock market. The velocity and the swing of this pullback have caught many market participants off guard, and for some that are heavily on the wrong side of the trade got wiped out.

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Market Moved Away From Balance - 1/28/2018

The emini SP500 futures broke away from the balance zone and moved up to a new all time high. In this Trading The Price, we will review the price actions and determine some possible scenarios for the next move from the market.

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Calm Before The Storm - 1/25/2018

In this Trading The Price, we will review the SP500 emini futures for potential near term market directions.

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