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Category: Prepare for the Trading Week


04/19/2024

Market Update Into April 22nd: Indexes Take A Beating

Last week we warned that the cracks in the market were getting wider and this week they finally gave way. The major indexes put in new daily lows every day this week; sell pressure the likes of which we’ve not […]

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04/12/2024

Market Update Into April 15th: Indexes On Thin Ice

Last week, we noted the clear bearish divergence that’s been forming since late last year, and it seems this week that the cracks are widening further. As the narrative around the potential for rate cuts continues to deteriorate, so does […]

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04/05/2024

Market Update Into March 8th: Kashkari Spooks Markets

The Bulls have had an easy go of it over the past five months. The bid has been relentless as the narratives of lower inflation and rate cuts have taken the forefront, but a new narrative is afoot; Rate cuts […]

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03/28/2024

Market Update Into April 1st: Q1 2024 Is In The Books

Quarter one of 2024 is officially behind us and indexes are looking stronger than ever, with both the SPY and QQQ closing within earshot of all-time highs for a second quarter in a row! With this impressive close came some […]

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03/22/2024

Market Update Into March 25th: Rising Wedges and Bullish MACD Crosses

Despite the appearance of a weakening market last week, Jerome Powell’s dovish stance at the FOMC meeting on Wednesday reignited the bulls’ fervor, pushing both the SPY and the QQQ back to new all-time highs, once again. Though the FOMC […]

Continue reading   post: Market Update Into March 25th: Rising Wedges and Bullish MACD Crosses

03/15/2024

Market Update Into March 18th: Are There Cracks Forming?

Things are starting to look a little dicey for the bulls, with all three major indexes putting in their second straight week of red candles. The small caps led the charge lower while the SPY managed to contain its losses, […]

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03/08/2024

Market Update Into March 11th: Monthly Trendlines Come Into Play

It was another impressive week across the indexes, with the three major index ETFs putting in fresh new highs just before a Nonfarm Payroll-induced sell-off on Friday. The small caps were the clear overachievers this week, perhaps suggesting some rotation […]

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03/01/2024

Market Update Into March 4th: The Bulls Cannot Be Stopped

In another unbelievable week for the markets, the bulls were once again out in full force. From crypto to equities, there was an everything rally which concluded in closes at or near the high of the week for many assets […]

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02/23/2024

Market Update Into February 26th: NVDA Saves The Day

Despite the fear and negative sentiment that was rampant at the start of the week, two of the three major indexes managed to make yet another new all-time high before a bit of a selloff ensued on Friday. NVDA crushed […]

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02/09/2024

Market Update Into February 12th: Wyckoff Accumulation and Powerful RSI Readings

It was another strong week in the markets, with powerful moves and new weekly highs across all of the indices. The S&P 500 traded above 5000 for the first time DIS announced a share buyback and increased dividend payment Powell […]

Continue reading   post: Market Update Into February 12th: Wyckoff Accumulation and Powerful RSI Readings