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Weekly Sentiment Report: The Bears Are Out of the Cave

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Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. On the morning of June 9, traders were looking very, very bullish. The VIX made a new generational low at 9.37 while the SPX, Nasdaq, Russell 2000, and Dow hit record highs. And then Apple (AAPL) and Nvidia (NVDA) […]

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T3’s Take 3: The Mighty Mighty Dollar May Not Be So Mighty…

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1) The Mighty Mighty Dollar… or Is It? Yesterday, the US dollar had a big rally after the Federal Reserve raised rates and hinted at a steady stream of hikes over the next couple of years. The dollar kept rallying in the early going today, and accelerated on strong economic data. Today’s jobless claims, NY […]

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(UPDATED) Scott Redler: You MUST Have a Plan and Process

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Tuesday morning I noted the last time we had a hard break in tech. there was a Red Dog Reversal (RDR) at $136.05 on May 18 and sellers could not contain the bounce. On Monday, June 12, we had a RDR around $138.11. I said, “we’ll see if this time sellers can ‘reject’ price in […]

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The New Wolf of Wall Street Is Coming to a Theater Near You

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Editor’s Note: This is a special FREE edition of Jeff Cooper’s Daily Market Report. In this piece, Jeff discusses: Why last Friday’s reversal is the real deal What could happen if the Russell 2000 breaks the 1400 level The danger signals coming from the SOX ******** Our work set up last week set up as […]

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T3’s Take 3: Fly Like a Hawk, Into the Future

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1) A Somber Start to the Day This morning, a gunman opened fire on Republicans at a baseball field in Alexandria, Virginia. 5 were shot, including Republican House Whip Steve Scalise. When the news hit, SPX futures started slowly sinking down before bouncing back into the 8:30  a.m. Consumer Price Index and and Retail Sales […]

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Trader’s Digest: The 10 Stories We’re Reading Right Now

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Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like: What exactly happened with the Fed today What Morgan Stanley just said about Bitcoin 7 things you need to know before you short a stock And more! So check out these links right now […]

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Chart Attack: SPX & QQQ

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SPX futures are up 2-3 handles ahead of the Fed. On Monday, we had a higher low at 2415, and held the 21 day. Yesterday, we held above that at 2431. Now we’ll see if the market likes the Fed statement at 2:00 p.m., and if we can keep it above 2441 – 2446. I’d […]

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T3’s Take 3: We Will Not Go Gentle Into That Good Night

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Do not go gentle into that good night. Rage, rage against the dying of the light. -Dylan Thomas 1) And Just Like That… We’re Back It only took a measly 2 days of sad action in the Nasdaq for the bears to start telling tall tales about the end of the world. But in keeping with […]

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Jeff Cooper: SPX 2431 Is the Spot to Watch

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Yesterday, the selloff continued with an opening selloff in keeping with the historic Friday/Monday plunge scenario. The strongest of the leaders saw liquidation and shorting in keeping with the typical action into the Fed, when shorts are covered to make a rate increase look rosy. Many glamours bounced Monday morning after plumb line drops that […]

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Chart Attack!: SPX & QQQ Analysis

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SPX futures are up 3-4 handles as we have some green arrows around the world after the 2-day tech wreck. Yesterday, we held above Friday’s low of 2415 with a higher low at 2419. I would trade against this “mini floor.” If it holds, with time, we can see 2440 to 2446. Keep in mind […]

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