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 […]
Continue Reading -->Coffee With Greta: Fed Hawks Are Still Circling
DJIA Futures: -370 (-1.1%) SPX Futures: -50 (-1.3%) NASDAQ Futures: -172 (-1.5%) Good morning friends! Futures are falling after hawkish comments from a key Fed official. Let’s get right to it! Hawkish Fed Comments Spook Traders St Louis Fed President James Bullard is not backing a pivot on rate hikes yet. In a speech this […]
Continue Reading -->The Inverse Head & Shoulders on the Road to SPX 4,000
On October 17, Morgan Stanley equity strategist Mike Wilson said inflation peaked, and that the S&P 500 (SPX) could rally to 4,000. If you remember that time, the mood was super bearish. So the market was taken off-guard by Wilson’s bullishness. Now when someone smart comes out bullish, I don’t just buy – I go […]
Continue Reading -->Coffee With Greta: Retail Sales Beat, Target Flops
DJIA Futures: -29 (-0.1%) SPX Futures: -6 (-0.1%) NASDAQ Futures: -21 (-0.2%) Good morning friends! Futures are lower as traders digest strong retail sales data against Target’s big earnings miss. Let’s get right to it! October Retail Sales Jump Retail sales rose more than expected in October as the U.S. consumer continues to pay higher […]
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