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IWM Square-Out Meets the Hulk

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Monday’s gap down echoed the pattern from Black Monday, 1987, where the indices gapped lower and picked up downside momentum throughout the day, closing on their low. I suspect there were more than a few market participants expecting the same yesterday with the SPX down 175 points mid-day — undercutting the October 4278 low in the process. […]

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Where is QQQ Going Next?

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Last week Sami mentioned that support for QQQ would be at 350. At the start of this week, QQQ is already at support, but that doesn’t mean that it’s going to hold. Find out where he thinks the market is heading next and when it might get there. In this video, Sami explains: – What’s […]

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Sami Abusaad on the Trading Nut Podcast

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Want to get to know Sami Abusaad? Then watch his appearance on the Trading Nut Podcast: Sami goes over: The HUGE loss that drive him to get a real trading education How he got started in the industry What it really takes to succeed Why your personality matters HUGE when it comes to being profitable […]

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The Crash of 2022

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Throughout the last quarter of 2021, the Hit & Run Report outlined how stock indexes were expected to see a series of peaks, first in late November, then no later than early January 2022. There were several reasons for my outlook: 1) The SPY March 2020 low was 218. Three full price cycles of 360 degrees + […]

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Scott Redler’s Dog Bytes: Sloppy Action in Semis

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SPY has had four hard down days since breaking the accelerated trend around $460. That confirmed the Bearish tape after losing the 8/21 day up near $468. We’ll see if we can play some type of oversold bounce today. Let’s see if we reclaim Friday’s low of $437.95. Under there is a micro spot at […]

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Traders Don’t Want Tesla. They Want Gold

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Traders were very bearish last week — and they were right to be negative, because it was another lousy week for the market. In this week’s sentiment survey, the bearishness extended, and we’re at an interesting inflection point — traders are more bullish on gold than on any other asset, including Tesla (TSLA). SPX Bulls Still […]

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Markets in Turmoil? It’s Ugly Chart Time!

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The S&P 500 is down -7.7% so far in 2022, but market participants agree — this is one of the toughest markets in some time.  First, let’s get meta. Our last “Markets in Turmoil” article was released on Saturday, December 4, 2021 — the day after the December 3 low in the S&P 500.  Since we perfectly […]

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Gold, Past the Point Of No Return

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“The metals complex is painting a bullish picture of a potential large rally phase.” The above is from the January 3, Hit & Run Report, Gold Update, where we gave our analysis for a breakout in gold and silver. On Wednesday, the promise of that setup came to fruition. GLD triggered an Opening Range Breakout that developed into […]

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The Gann Panic Cycle

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The study of cycles is not easy – if it were, everybody would be phoning in their trades from the beach. They are illusive because just when you think you’ve found the key, someone changes the lock. What I think is true about cycles is: They can point to a time frame in which to […]

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Scott Redler’s Dog Bytes: Nowhere to Hide in Banks

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SPX futures are -50 and we’ll see if this ascending channel breaks. Does it stay below 4614 or reclaim it to relieve some pressure? 4582 is support below with major support at 4500. Tech is underperforming and JPM’s action proves you just can’t hide in value or banks.I got out of my banks last Wednesday […]

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