In today’s post, I wanted to take a closer look at the Head and Shoulders pattern that forming in JP Morgan, ticker JPM. t’s important to note the pattern has not triggered yet. You can see in the chart below the obvious pattern but there are a couple things I want to add that stand…
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The S&P500 SPY and the US Dollar ETF UUP were both up today as well as bonds being relatively flat and at support. This week’s video goes over the correlation breakdown of today and some short ideas for next week. Also, the S&P500 did close above the 2011 highs of 137.18 today but will need…
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In this weeks stock market video review I take a look at the SPDR S&P500 SPY chart and how we still haven’t confirmed above the 2011 highs although it’s close. The dollar UUP broke higher the last few days bouncing off the 200 day moving average keeping lid on the market. This week’s video also…
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In this weekend’s video, we take a look at the S&P500 SPY and its relationship with the US dollar UUP. The SPY finally tagged the 137.20 level intraday which is where the 2011 highs are. The UUP is nearing the 200 day moving average where it should find some near term support or even a…
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In this video I cover some key price levels on the SPY and how I’m building my short position for the all but certain pullback. I also look at MSFT and CF short plays. Click GET INFO to start your Risk Free Trial of the Stock Option Assassin MTS swing trading option service and Stop…
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