The stock market faces a major week of volatility and price swings with the FOMC Statement. This in addition to earnings coming from Meta, Apple, Google and Amazon that will be sure to rock the stock market for better or worse. I'll be going over the selling seen on Monday and whether it is indicative
$SPY 5 min intraday pullback only a 23.6% retracement from Thursday lows to Monday highs. Needs $395-7 to make it a meaningful one. Â Â
Resistance on $VIX continues to kick price back down. The 8th straight successful attempt this year alone and 11th overall. Â Â
Watch the $SLB rising trend-line off of the September lows. If it fails to bounce there, possible support from November, holds, but I wouldn’t count on it.  Â
$GME so far is simply back testing previous support (now resistance). Â Â
$PYPL confirming the short-term inverse head and shoulders pattern as well as breaking above the declining trend-line today. Â Â
Which sector provides the best opportunity for traders in 2023? In this video, I provide my technical analysis and opinion on each sector in the stock market and which ones are likely to do the best, while which ones are most likely to lag the over all market.
$VIX Extreme move to new 52 week lows with a break of major support.
SPY has rallied over 5% in the past week! A lot of traders are hoping this is finally the moment it can break through declining resistance and just start a bull market for the stock market. I'm providing my technical analysis on SPY and what you can expect as it does battle with major resistance.
$DD with solid follow through so far with the break above two major resistance levels.