In this video I recap last weeks wild roller coaster ride of a week in the markets. Touching on SPX, NDX, SMH, GOLD, SILVER, BITCOIN, Natgas, MSFT, AAPL, NVDA and AVGO.
25 year parallel channel on SPX basically on stimulus steroids to keep markets going higher. The bubble has burst. Fun is over. Tech is done for. End of story. lol
So long as there is a glimmer of hope in the tariff talks, markets could find a short term support and bounce back for what I think would be short term rally only to make lower lows.
Lessons learned from my mistakes. Rule 1: Dont lose money. Rule 2: Never forget rule 1. Warren Buffett. Rule 3: The market is always right. Rule 4: The trend is your friend. Rule 5: Dont fight the trend. Rule 6: Figure out your method of trading and stick with it. Rule 7: Ignore the noise. Ignore the news. Ignore the narrative. The charts are EVERYTHING! Rule...
Chart update and analysis on the metals, oil, bitcoin, and mega cap stocks
Although Options X Triple witching was 2 Fridays ago, one could argue the games and manipulation occurred this past week. Get ready for another crazy week ahead.
Time for a counter trend rally or will they just break down from here? Or do we head up and make new ATH?!
Where are these stocks headed next. Here is my insight on the names listed above.
Technical analysis in the majors. Where are these stocks going next.
With so much fear and uncertainty due to tariff talk, fear has taken over the markets. Will the markets have enough good news in the near future to make new highs like some bulls expect? Or will the fear continue to worsen forcing panic selling to take over? Only time will tell. I expect another crazy week ahead. Fed talk and Options X manipulation ahead. Stay tuned
Lots of levels getting filled or near filled. Leads me to believe we may be close to a bounce. At least a short term bounce
Some charts to consider for next moves higher or lower
After a wild 3 weeks of selling, one thing is for sure. If you dont have strong technical analysis skills, you might want to step aside.
Is today the make or break in the markets? Time will tell.
Will this week get a counter trend rally moving higher, or will support break taking markets lower.
Bitcoin, NVDA, SPY, QQQ, SMH... Will the markets crash and burn or will they survive? 6300 or 5750... stay tuned.
After another wild and crazy sell off last Friday due to options expiring, markets have one more obstacle to get through this week before it can finally make its next big move be it up or down. Nvda earnings Wednesday post market cant come soon enough.
Bulls vs Bears... No clear winner yet. Bulls have possession of the ball. They're in the end zone. They may have scored a field goal kick but no winning touchdown yet.