Coffee With Greta: Unrest In China Spooks Wall Street
DJIA Futures: -195 (-0.6%) SPX Futures: -30 (-0.7%) NASDAQ Futures: -77 (-0.7%) Good morning friends! Futures are falling as protests against Covid restrictions in China weigh on global markets. Let’s get right to it! Protests Erupt Across China Futures are falling as protests break out in China against the country’s Covid controls. Citizens have taken […]
Continue Reading -->Why Apple $144 Is Key Right Now
We have mostly red arrows around the world to start the week as China protests dominate the narrative. Markets are starting to feel the reality of slower growth. Things might start to turn towards things being too recessionary in the year ahead. Traders want to know if SPX 4033 was the high of this active sequence or […]
Continue Reading -->How a Head & Shoulders Top Works
In this video, Scott Redler shares how he spotted a big head & shoulders top for the S&P 500 in 2022. Link mentioned in video: Scott’s mailing list Scott shares: How the 4 big active sequences played out on the weekly SPX chart Why the head & shoulders pattern can be trickier in real life […]
Continue Reading -->Where Is the Market Headed Into the December Fed Meeting?
On the Square of 9 Wheel of Time & Price, 407/408 (4075) is 180 degrees straight across and opposite October 13th, the low of the year. Time points to price, price points to time. As legendary trader WD Gann wrote, “When time and price square-out expect a change in trend.” I say, all important highs […]
Continue Reading -->Coffee With Greta: Traders Hope For Dovish Fed Minutes
DJIA Futures: -72 (-0.2%) SPX Futures: -8 (-0.2%) NASDAQ Futures: -11 (-0.1%) Good morning friends! Futures are slipping as traders look ahead to the Fed minutes and wait to find out whether the bank’s last meeting turned dovish. Let’s get right to it! Nordstrom Reports Surprise Q3 Loss Nordstrom (JWN) shares are falling 8% ahead […]
Continue Reading -->Coffee With Greta: More Retail Earnings
DJIA Futures: +139 (+0.4%) SPX Futures: +18 (+0.5%) NASDAQ Futures: +45 (+0.4%) Good morning friends! Futures are higher as traders digest more Q3 retail earnings in the light holiday week. Let’s get right to it! Dollar Tree Slips On Weaker Profit Outlook Dollar Tree (DLTR) shares are falling 2.1% ahead of the open despite beating […]
Continue Reading -->Coffee With Greta: Disney Bucks the Downtrend
DJIA Futures: -21 (-0.1%) SPX Futures: -15 (-0.4%) NASDAQ Futures: -62 (-0.5%) Good morning friends! Futures are slipping as the holiday-shortened week begins but Disney shares are bucking the downtrend. Let’s get right to it! Iger Back, Chapek Out At Disney Walt Disney (DIS) shares are rallying 10% ahead of the open following news that […]
Continue Reading -->Would I Buy Disney?
We have mostly red arrows around the world to start this holiday-shortened week. Remember the market is closed Thursday and shuts at 1 pm Friday. Europe is lower with the DAX -0.6%, CAC -0.2%, and FTSE -0.1%. Asia is lower. The Hang Seng is -1.8% but it’s had a huge move off the lows. The Fed’s Bostic said “we may be done within […]
Continue Reading -->2 Minute Reversals Webinar Replay
Check out our latest webinar with JR Romero of Newsbeat, where he teaches his #1 Day Trading reversal strategy After you watch the video, check out our Black Friday sale!
Continue Reading -->Coffee With Greta: Ending the Week Higher
DJIA Futures: +225 (+0.7%) SPX Futures: +35 (+0.9%) NASDAQ Futures: +109 (+1%) Good morning friends! Futures are higher as traders digest the latest batch of positive retail earnings and assess the Fed’s plan for interest rates. Let’s get right to it! Gap Rallies On Surprise Q3 Profit Gap Inc (GPS) shares are up 8.5% ahead […]
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