The stock market saw a breakout with SPY after being stuck in a trading range for 13 straight days. But the follow through was less than impressive leaving traders wondering whether the rally of late was nothing more than a short lived bounce. In this video, you will get SPY technical analysis on a daily
The FOMC Statement was released and Jay Powell had his presser thereafter. Stocks sold off as a result, and leaves traders wondering if we have really reached a stock market bottom. I provide my technical analysis for the stock market following the FOMC Statement and where the market looks to go from here.
$PINS finally breaking through some major resistance.
Stocks have been overextended for over a months. Following Jay Powell's speech at the Brookings Institute, it looked as if the stock market would continue to rally but it ran into heavy technical resistance and stocks since has been trending lower. Is this the time to get short or long? In this video, I provide
Here's why I try to avoid trading the moves that come from FOMC day. Tons of reversals. SPY & SPX Airbnb (ABNB) confirming the wedge pattern with a breakdown today. Converging support levels to watch on a pullback in Healthcare ETF (XLV). Watch declining resistance on DraftKings (DKNG). Big test here for the stock.
Is the stock market setting up for another epic stock market rally and bounce off the recent lows, or are we just going to continue chopping around?
The stock market crash of 2022 continues and the indices are at new year-to-day lows. Is now the time for a stock market bounce and a potential bottom to the chaos that has been seen all year long, or are we do for additional selling going into the CPI report and FOMC Minutes?