The market this week pulled back into Thursday as the Fed and ECB both disappointed traders by not starting any new stimulus for the struggling economies and debt crisis. But it seems the threat of action has kept the market afloat and in tradable channel. This video outlines the next major resistance levels we’re looking…
Read More
In this week’s video wrap, we take a look at some Fibonacci confluence on the SPY S&P500 which is where I would like to short the SPYders with either a bear call spread or some in the money puts. The S&P500 has been in a rising channel over the last few weeks but to me,…
Read More
The markets are putting a lot of hope on government intervention with the Greek elections looming this weekend. I think these elections are overshadowing the global slowdown we’re starting to see in recent reports such as manufacturing, sentiment, and jobs numbers. After we see the market reaction to the Greek elections on Monday, we then…
Read More
In this week’s video, I take a look at the S&P500 as well as 11 other stocks that are about to move. When stocks start to consolidate before a move, the Squeeze indicator shows it. Then by the position of the moving averages you can often tell which way the Squeeze will fire. I cover…
Read More
SPY Yawnfest | Swing Trade Setups in PCLN NFLX LULU SBUX
By The Assassin | Market Commentary
2 Comments
In this week’s video we look at how the S&P500 has been stuck at the 140 area for most of the week. Volume has been extremely light all week making SPY watching a yawnfest. TLT bonds had a nice hammer reversal off a pretty strong support area on Thursday and got a little follow through…
Read More