Market Forecast Videos

Which way is the market headed? Look no further than the market forecasts of our professional traders and experts. Not only will you find industry leading market forecasts but when we spot newsworthy videos we will be sure to post them here so you get to see what's moving the markets first.

 
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May 29 2017 - QQQ at All-Time Highs to Start Week May 29 2017 - QQQ at All-Time Highs to Start Week The QQQ's will start the holiday shortened week at new all-time highs, while SPY is only pennies behind. Traders were seemingly happy to take their bullish stock positions into the three-day holiday weekend and were not interested in buying protection via S&P long puts, given $VIX is now trading at just 9.81.

We also discuss AAPL, GOOGL, TSLA, FB, NVDA, AZO, ORLY, NOC, MCK, GLD, SLV, OIH, XLU and XLP.

Have a great week!
May 25 2017 - Stocks Jump Ahead of 3-Day Weekend May 25 2017 - Stocks Jump Ahead of 3-Day Weekend Stocks continued to jump higher on Thursday ahead of the upcoming three-day weekend (US Stock Market is closed on Monday). $VIX finished the day 'on sale' at 9.99. It will be interesting to see how Friday plays out given the rise so far this week and the now 'sub 10' VIX level. If traders look to lock in some profits on Friday, we would also likely see a rise in the VIX.

MCK, NOC, XLP and XLU all continue to add onto their recent breakouts. Oil did roll over today (USO was down 5%+). We also discuss FB, TSLA, ORLY, AZO, GOOGL, NFLX, AMZN, DG, DLTR, CVX, XOM and CSCO.

Have a great weekend ahead!
May 24 2017 - NOC & XLP Join Breakout Party May 24 2017 - NOC & XLP Join Breakout Party We previously highlighted MCK and XLU as breakout stocks, now NOC and XLP have joined the party. FB bounced nicely today and is on a technical buy signal. ORLY is showing a 'tweezer bottom' using candlestick analysis.

SPY & QQQ hit new all-time closing highs today. The $VIX finished the day at 10.02. The bulls continue to have the technical edge as we head into a three-day holiday weekend (US Markets are closed on Monday).

Have a great day!
May 23 2017 - AZO Falls 12% (with targets lower still) May 23 2017 - AZO Falls 12% (with targets lower still) SPY is within pennies of new all-time closing highs again. The FOMC commentary comes out at 2pm ET on Wednesday so depending what gets said, it could move the markets.

AutoZone (AZO) crashed by nearly $80 today and support could still be as much as another $80 lower. MCK added to its breakout on the day.

We also discuss XRT, XLU, XLP, XLE, IBB, AMGN, BIIB, TSLA, DIS, YELP and W.

Have a great day!
May 22 2017 - MCK & XLU Breaking Out May 22 2017 - MCK & XLU Breaking Out Both MCK & XLU are in the process of breaking out. LMT & BA moved higher on defense contract news, while NOC is getting very close to breaking out of a multi-month consolidation pattern.

There was no change in the major indexes. $VIX lost 9.22% and is now sub-11. We also discuss EWZ, AAPL, GOOGL, AMZN and NVDA.

Have a great day!
May 21 2017 - S&P Bulls Get The Nod To Start The Week May 21 2017 - S&P Bulls Get The Nod To Start The Week SPY & QQQ will start the week above their respective 5-day EMAs, giving the bulls a technical edge. They both would need to go to new highs in order to recharge the bullish trend. As of now, SPY is in a multi-month trading range. We will continue to watch the SPY's $232.50 area as key support.

With Wednesday's massive rise in the $VIX (+46%), it quickly gave back most of those gains and once again sits at the 12-level.

We also discuss two breakouts to watch in XLP & XLU plus SHAK, UA, WMT, AAPL, FB, DIS, BA, MCK, CSCO and more.

Have a great week ahead!
May 18 2017 - WMT Surging & MCK On Watchlist May 18 2017 - WMT Surging & MCK On Watchlist While SPY, DIA and QQQ rallied today, they were all rejected at their 5-day EMAs, which keeps the bears in charge short-term.

EWZ (Brazil ETF) got annihilated, losing over 14% at one point.

WMT surged higher by 3.22% due to rising same store sales. WMT's next upside technical targets are $80 and then $90. Also keep an eye on MCK after its latest quarterly report. We outline what level to watch in the video.

Have a great day!
May 17 2017 - VIX Surges 46% As S&P Sells Off May 17 2017 - VIX Surges 46% As S&P Sells Off $VIX surged 46% and $VXN jumped 42% as the equity markets sold off into the close today. The IWM was hit the hardest losing 2.70%, followed by the QQQ's losing 2.54% and SPY losing 1.77% We discuss support levels for each index in tonight's video.

GLD and TLT both ended higher on the day as a result of the selling pressure in equities. We also discuss CSCO, CVX, NVDA, AAPL, FB, NFLX, GOOGL, TSLA, BA, XLF, IYT and SMH.

Have a great day!
May 16 2017 - DKS & TJX Push Retailers Lower Again May 16 2017 - DKS & TJX Push Retailers Lower Again Dick's Sporting Goods and TJX Companies are sending retail stocks lower again today. Disney, Wal-Mart, Target and Nordstrom are also selling off. We discuss technical levels to keep an eye on inside today's video.

We also discuss SPY, QQQ, TLT, XRT. EWZ, FXI, RSX, TWTR and MGM.

Have a great day!
May 15 2017 - SPY New Highs & Casino Stocks... May 15 2017 - SPY New Highs & Casino Stocks... SPY & QQQ went to new all-time highs today. The $VIX remains stuck near single digits (showing 'no fear' on behalf of the stock bulls).

Given the MoneyShow is in Las Vegas right now, we analyze the technical pictures of WYNN, LVS, MGM and CZR. Plus we also discuss SLV, M, JWN, WMT, FB, NFLX, FXE, UUP and FXA.

Have a great day!
May 14 2017 - AAPL Leads The Pack... May 14 2017 - AAPL Leads The Pack... The QQQ's continue to be the best performing major index ETF, thanks in large part to AAPL's strength. SPY and DIA enter the week in a short-term neutral technical picture, but over the longer-term, the bulls remain in control.

Retailers like JWN and M were rocked this past week, while WMT, COST and TGT held up much better. We also discuss BA, SNAP, AMZN, APA, TWTR, IBM, EWZ, GLD, SLV and more.

And... Happy Mother's Day to all the Mom's out there!
May 11 2017 - Macy's Sends Retailers Reeling May 11 2017 - Macy's Sends Retailers Reeling The broad markets sold off to start the day but by 10:30am ET, they began to rally to almost finish unchanged.

Macy's (M) latest results sent retail stocks crashing. For the day M fell 17.01% on epic volume. JWN lost 7.60% (and is down another 3.51% in after hours) and KSS plummeted 7.84%. We also discuss WMT, TGT, XRT, HTZ, NVDA, EWZ and more.

Have a great day!
May 10 2017 - SNAP-ed & YELP-ed... May 10 2017 - SNAP-ed & YELP-ed... Both IWM and MDY bounced off previous resistance areas to regain their short-term moving averages, while SPY, DIA and QQQ were quiet on the day.

SNAP & YELP both got clobbered today and support for YELP could be as much as 25%+ lower.

We also discuss JWN and TGT's nice breakouts along with TSLA, DIS, ANF, NVDA, PCLN, XRT and EWZ.

Have a great day!
May 9 2017 - DE Breaking Out & Keep An Eye on APA May 9 2017 - DE Breaking Out & Keep An Eye on APA QQQ and SMH went to all-time highs again today, while SPY, DIA, IWM and MDY continue their Cinco de Mayo siesta.

John Deere (DE) broke out to new all-time highs on solid volume. Disney (DIS) is trading about 2.5% lower in after hours. Wayfair (W) jumped nearly 20% today on earnings news. And, keep an eye on APA (Apache) as it approaches a potential break out.

Have a great day!



May 8 2017 - AAPL & COH Surge Higher May 8 2017 - AAPL & COH Surge Higher Apple (AAPL) surged higher by $4.05 (+2.72%) hitting new all-time highs. There was news of Buffett adding to his stake, analyst price targets of $200/share and a lock up period ending. Whatever the news, traders were buying the stock on huge volume.

ExxonMobil (XOM) is printing a very nice 'rounded bottom' pattern. Keep an eye on the $84 level for a technical breakout.

There was no major change in the indexes or metals. We also discuss TWTR, TSLA, DIS, CAT, IBM and KO.

Have a great day!
May 7 2017 - Stock Bulls Remain In Control May 7 2017 - Stock Bulls Remain In Control SPY is within eight cents of tagging its all-time closing high. QQQ's continue to be the best performer. IWM & MDY bounced off an old resistance level to turn higher, while DIA is going nowhere fast (but still bullish). $VIX remains below 11 and indicates traders are not worried about buying puts as a hedge right now.

Silver (SLV) ended its streak at 14 straight down days on Friday but remains bearish (as does GLD and the Miners). The British Pound (FXB) broke out of another bull flag on Friday.

We also discuss MCD, BA, COST, SLB, AAPL, FB, OIH, XLF, UUP, FXE & FXC.

Have a super week ahead!
May 4 2017 - Target (TGT) Breaking Out... May 4 2017 - Target (TGT) Breaking Out... SPY and QQQ had small trading ranges again today (moving no where fast). There was no material change in the $VIX either.

Target (TGT) has closed above its 50-day SMA resulting in a technical bullish breakout. Initial resistance resides at $59, with a bigger target up near $66.

Silver has now been down for 14 straight days and support is still another 3-4% away. We also discuss TSLA, FB, AAPL, SHAK, GOOG, FXE and UUP.

Have a fantastic Friday!
May 3 2017 - Gold Breaks Down & XME Target 15% Lower... May 3 2017 - Gold Breaks Down & XME Target 15% Lower... Gold (GLD) broke below its 50-day SMA and the previous lows from the end of March and early April. The breach of support also occurred on above average volume, giving the bears a technical edge. Silver made it a 'bakers dozen' of days to the downside. The metals and mining ETFs are all bearish right now.

FXA (Aussie Dollar) and FXC (Canadian Dollar) are both in a technical 'free fall' right now.

We also discuss Apple, Facebook & Tesla post market moves, Nordstrom's continued break out along with Delta, Harley-Davidson, Disney and AT&T.

Have a great day!
May 2 2017 - AAPL Down After Hours & DAL 10% Higher May 2 2017 - AAPL Down After Hours & DAL 10% Higher AAPL reported its latest quarterly results after the bell today and as of this video, it is currently down about $3/share.

AMD got crushed, losing over 24% today on epic volume. Keep an eye on the $9.60 area for this stock, as a close below it could open up the door for another plunge.

We also discuss... Twitter & Coach's big moves higher today, Nordstrom and Delta's break outs plus Facebook's earnings report is due out on Wednesday (after the market closes).

Have a great day!
May 1 2017 - AAPL & FB Soar Ahead of Earnings May 1 2017 - AAPL & FB Soar Ahead of Earnings The QQQ's added another 0.89% today on above average volume. SPY & DIA were essentially flat on the day. The $VIX closed at 10.11 and at one point even ventured into the single digits (9.90), indicating there is very little 'fear' in stocks falling right now.

AAPL has earnings Tuesday after the market closes, while FB reports Wednesday evening. Both stocks are surging ahead of their reports.

We also discuss GOOGL, TWTR, NVDA, NFLX, XLE, XME, IBB and more.

Have a great day!
Apr 30 2017 - QQQ's Leading The Charge Higher Apr 30 2017 - QQQ's Leading The Charge Higher The QQQ's continue to be the best performing index ETF. SPY and DIA spent Wednesday through Friday consolidating the beginning of the week's big gains. IWM and MDY however, gave back much of their gains and are once again in the 'laggard camp'.

Apple (AAPL) is due to report its latest quarterly results on Tuesday and Facebook's report is due on Wednesday. We also discuss GLD, TLT, IYT, IBB, OIH, FXB, TWTR and QCOM.

Have a great week ahead!
Apr 28 2017 - CVX & XOM Higher, SBUX Lower Apr 28 2017 - CVX & XOM Higher, SBUX Lower The QQQ's continue to power to new all-time highs. SPY, DIA, IWM and MDY all remain technically bullish as we head into the weekend.

While GLD is holding up a bit, SLV is down 9 straight days. The miners (GDX & SIL) continue continue to be bearish.

CVX & XOM are gapping higher Friday morning, while SBUX and QCOM are gapping lower.

Have a great weekend ahead!
Apr 26 2017 - Russell 2000 (IWM) Hits All Time Highs Apr 26 2017 - Russell 2000 (IWM) Hits All Time Highs The Russell 2000 ETF (IWM) joined the QQQ's in hitting all time highs today. SPY, DIA and IWM are still 'trying' to get there on a closing basis.

Twitter (TWTR) had a huge gap higher on earnings. U.S. Steel (X) ended up crashing lower by over 27% today. Downside targets for X could still be 20% lower technically.

Have a great day!
Apr 25 2017 - Baidu, Netflix Surge & US Steel Crashes Apr 25 2017 - Baidu, Netflix Surge & US Steel Crashes S&P 500 and Dow Jones gapped higher again today, while the Nasdaq (QQQ) continues to push to new all-time highs. Volume was solid across the board. With stocks rising, Bonds (TLT) lost 1% and are now back inside the most recent trading range.

CAT, DE, BIDU, NFLX and CMG all had big moves higher today. U.S. Steel (X) is crashing in after hours trading tonight (down over 17% at one point).

Have a great day!
Apr 24 2017 - QQQ's Jump To New Highs & VIX Slammed Apr 24 2017 - QQQ's Jump To New Highs & VIX Slammed The US Markets gapped higher today on news of the French election and potential U.S. tax cuts arriving sooner than later. QQQ's finished the day at new all time highs (again). SPY & DIA closed back above their key short-term moving averages. The VIX was slammed 25.91% lower to back under 11.

We also discuss GLD, FXE, FXB, IYT, XLU, XLP, GOOGL, AAPL, FB and DIS.

Have a great day!
Apr 23 2017 - S&P Bullish on Weekly, Neutral on Daily Charts Apr 23 2017 - S&P Bullish on Weekly, Neutral on Daily Charts The S&P 500 ETF (SPY) remains technically bullish on its weekly charts, but neutral on the daily charts with earnings season in full swing. QQQ's remain bullish (and the best performing) while IWM & MDY continue to be range bound. The $VIX is 'coiling' above its 5 & 20-day EMAs, acting as a 'yellow flag' for the stock bulls.

Gold (GLD) finished the week above its 5-day EMA, while Silver (SLV) and the Mining ETFs continue to lag behind. We also discuss VZ, T, AAPL, NFLX, DE, HOG, NVDA and more.

Have a great week!

Apr 20 2017 - QQQ Closes at All-Time High & BWLD $10 Higher... Apr 20 2017 - QQQ Closes at All-Time High & BWLD $10 Higher... While the other index ETFs (SPY, DIA, IWM & MDY) are either pulling back or in trading ranges, the QQQ's decided to set an all-time closing high today. SMH (Semiconductor ETF) also reversed higher and triggered a technical buy signal.

Buffalo Wild Wings (BWLD) soared higher today on news there could be a management shake up. The stock's next technical target is $10 higher. Also keep an eye on Nordstrom (JWN) as it is on the verge of a breakout with upside technical targets of 12%+ higher.

We also discuss AXP, IBM, USO, SLV, XRT and XLF.

Have a great day!
Apr 19 2017 - The Dow (DIA) Closes Below Support Apr 19 2017 - The Dow (DIA) Closes Below Support The Dow Jones Industrial ETF (DIA) closed below near-term support and is now on a technical sell signal. The downside technical target is the consolidation range in December and January, near $197 - $200. SPY was rejected again at its 20-day EMA. $VIX bounced off its 20-day EMA and is curling higher (not a good sign for the stock bulls).

We also discuss OIH busting through support, NFLX testing its key near-term support level, XLF's 'head & shoulders pattern', along with IBM, JNJ, SHLD, XLF, XOP and the Aussie Dollar (FXA).

Have a great day!
Apr 18 2017 - GS, IBM & JNJ All Get Hit On Earnings Apr 18 2017 - GS, IBM & JNJ All Get Hit On Earnings Goldman Sachs and Johnson & Johnson both traded lower today and busted through near-term support levels. After the close, IBM announced their latest quarterly report and now they have joined the party too.

There was no technical change in the major index ETFs today. The British Pound (FXB) broke out of a multi-month range. Bonds (TLT) had a great day following our highlight of their technical breakout back on Apr 12.

Have a great day!
Apr 17 2017 - NFLX Earnings & Facebook Rallies Apr 17 2017 - NFLX Earnings & Facebook Rallies The equity markets acted like expected today. Since there were no major geopolitical events over the weekend, stocks jumped at the open and finished near the highs of the day. Even with today's nice little rally, SPY & DIA remain below their respective 50-day SMAs.

Netflix (NFLX) announced its earnings after the bell tonight and it could open at all-time highs by Tuesday's market open. Facebook (FB) had a nice rally today and regained all of its moving averages, putting the bulls back in control of the technical trend.

Have a great day!
Apr 16 2017 - S&P Breaking Support & Earnings Floodgates Open This Week Apr 16 2017 - S&P Breaking Support & Earnings Floodgates Open This Week Stocks sold off as the day ended on Thursday. Given the geopolitical issues with Syria and North Korea, tax cuts in limbo and earnings season starting... traders decided to be net sellers vs. buyers going into a three-day holiday weekend.

Earnings season kicks off in full gear by Tuesday and Friday is April's monthly expiration and there will be individual stock volatility as a result. Collar Trades can potentially be a great way to protect against unexpected moves to the downside due to the limited risk nature of the trade.

We also discuss XLF (Bank ETF) Head & Shoulders Pattern, along with AAPL, FB, NFLX, NVDA, FXY, IYT, SMH and more.

Have a great week ahead!

Apr 12 2017 - Things Are Starting To Get Interesting... Apr 12 2017 - Things Are Starting To Get Interesting... SPY & DIA have finally closed below their respective 50-day SMAs ('institutional' moving average), something they haven't done since before the Election.

The $VIX, $RVX and $VXN are all surging. Given some of the current geopolitical issues, it seems traders are starting to buy up protection via long puts ahead of a three-day holiday weekend. With equities pulling back, Bonds are breaking out to the upside. Gold seems to be rising too via the 'fear trade'.

We also discuss PCLN, TSLA, CMG, KO, PM, X, AKS, SHLD, OIH, SMH, IYT, XLP, XOP, UUP and FXE.

Have a great day!
Apr 11 2017 - Gold Breaks Out & Apple Pulls Back Apr 11 2017 - Gold Breaks Out & Apple Pulls Back By day's end, the S&P 500 (SPY) and Dow (DIA) both rallied to finish essentially unchanged, but the $VIX did surge to new near-term highs. The continued rise in the $VIX is showing traders are starting to get a little more concerned about downside protection.

Gold (GLD) broke out today with its next upside technical target near $124. Apple (AAPL) & Facebook (FB) are starting to pull back. Support for both resides near their respective 50-day SMAs.

Have a great day!
Apr 10 2017 - VIX Breaks Out - Yellow Flag For Stock Bulls Apr 10 2017 - VIX Breaks Out - Yellow Flag For Stock Bulls The $VIX has now closed above the 14-level today and it closed near the highs of the day. This is the key level we've been watching for as a 'warning sign' to the stock bulls. The VIX hasn't closed at this level since the end of last year. The SPY & DIA continue to be 'glued' to their 50-day SMAs right now.

We have Earnings Season getting started on Wednesday with DAL, FAST, PIR and on Thursday with C, JPM and PNC (the banks). Friday the markets are closed. And, then on Tuesday the earnings floodgates open as we head into April's monthly expiration cycle.

Bottom line... today's nearly 10% move higher in the VIX is now showing that traders are looking for some protection via puts on the SPX. A spike higher in the $VIX does not mean the S&P (SPY) must move lower, but it does show some concern for hedging for the first time in months.

We also discuss the Australian Dollar (FXA), UUP, GIS, WFM, AKS, SHLD and XOP.

Have a great day!
Apr 9 2017 - S&P Coiling & VIX Perking Up Apr 9 2017 - S&P Coiling & VIX Perking Up The SPY & DIA trading ranges continue to get tighter and we should soon see a break one way or the other. The $VIX, $RVX and $VXN (volatility indexes) are starting to show small signs as if they want to 'run' higher. There are definitely some 'yellow flags' starting to appear. Both the financials (XLF) and transports (IYT) have seen heavier selling volume of late, which is a concern for the stock bulls.

Bonds (TLT) and Gold (GLD) also seemed poised for a break out, which could happen if the equity markets break down.

We also discuss AXP, AAPL, TSLA, NVDA, FB, NFLX and more.

Have a great week ahead!
Apr 6 2017 - Under Armor 20% Higher & AMD 25% Lower... Apr 6 2017 - Under Armor 20% Higher & AMD 25% Lower... The proverbial 'noose' tightens on SPY & DIA. Their trading ranges are getting tighter and tighter and hopefully we'll get a large move sooner than later.

If USO can clear its 50 & 200-day SMAs, the next major resistance level is about 9% higher.

Under Armor (UA) is getting close to breaking out. If the stock can close above $20, there is a monster gap to fill which is all the way up near $25, which is 20% higher potentially. AMD is very close to breaking down and it's next major support level would potentially be all the way down to fill the gap near $10.50, or about 25% lower.

Have a great day!
Apr 5 2017 - Stocks Reverse Off Highs & Bonds Coiling Apr 5 2017 - Stocks Reverse Off Highs & Bonds Coiling SPY, DIA, QQQ, IWM and MDY all reversed off their highs today. Specifically SPY and DIA remain in their 'pennant formations'. QQQ's barely gave back their 5-day EMA. IWM and MDY performed the worst but also remain in their respective trading ranges. $VIX and $RVX did spike higher today but failed to break any resistance areas. All in all, there was still no major change in the technical outlook.

Bonds (TLT) are starting to 'coil' near the top of their trading range just as the indexes are testing support.

We also discuss XHB, XLF, XOP, XLE, IBB, AAPL, FB, NFLX, AMZN, TSLA, ROST and KO.

Have a great day!
Apr 4 2017 - KO Breaking Out & ROST Breaking Down Apr 4 2017 - KO Breaking Out & ROST Breaking Down There was no material change in the major indexes SPY, DIA or QQQ. $VIX is back below 12 again (that didn't take long).

KO is breaking out above its 200-day SMA and triggering a technical 'buy signal'. ROST is going in the opposite direction. NVDA also had a rough day, losing 7%+. NVDA's next support is about 5% lower near $95. If that area falls, it could be a long way down to its 200-day SMA.

Have a great day!
Apr 3 2017 - SPY Tags 50-day SMA & AZO Breaking Down Apr 3 2017 - SPY Tags 50-day SMA & AZO Breaking Down SPY and DIA tagged their respective 50-day SMAs earlier in the day before staging a rally to finish almost unchanged. The 50-day SMA remains a key technical level to watch. $VIX closed well of its highs and back inside its trading range.

Autozone (AZO) is starting to break some key near-term support and it could be a long ways down before the next major support level arrives (as in $150+ lower, yikes!).

We also discuss TSLA, PNRA, CMG, GOOGL, XRT, IBB, EWW, FXY and TLT.

Have a great day!
Apr 2 2017 - AAPL & FB Lead The Pack... Apr 2 2017 - AAPL & FB Lead The Pack... SPY is back above all of its short-term moving averages as the week begins. DIA is under performing a bit, as the ETF is below its 5 & 20-day EMAs. QQQ's remain the strongest, while IWM and MDY continue to be range bound. $VIX did rise 7.19% on Friday but also remains range bound and shows no real sign of fear just yet.

AAPL and FB continue to lead the charge higher and both remain solidly bullish to start the week. We also discuss OIH, USO, XOM, GLD, SLV, FXE and UUP.

Have a great week ahead!

Mar 30 2017 - XOM Break Out & LULU Busts Key Support Mar 30 2017 - XOM Break Out & LULU Busts Key Support SPY is now above all of its moving averages, though we still have a series of 'lower highs' in place. The technical bias is bullish but we really need to see a 'higher high' to re-energize the bullish trend.

This morning, LULU busted through the key support level we talked about in last night's video. Its next down side target is 10% lower at $45.

XOM ripped higher on huge volume. Its next upside target is the 200-day SMA and then $90.

Have a great day!
Mar 29 2017 - Energy Rebounding & QQQ's at All-Time Highs Mar 29 2017 - Energy Rebounding & QQQ's at All-Time Highs The QQQ's hit new all-time closing highs today. SPY & DIA remain stuck near their 20-day EMAs, while MDY and IWM continue to be range bound.

The energy ETFs OIH, XLE and XOP have now seen back to back days of above average buying, marking the first time this has happened since the end of November/early December.

LULU is down over 14% in after hours trading this evening and is clinging to support from November and December of last year.

Have a great day!
Mar 28 2017 - QQQ's Near All-Time Highs Mar 28 2017 - QQQ's Near All-Time Highs That didn't take long. The QQQ's are near all-time highs already. The 50-day SMA proved to be a key marker for support on DIA and SPY. $VIX and $VXN headed lower again today and are back inside their respective trading ranges.

The Transports (IYT) jumped 1.85%. Apple and Facebook continue to act very strong. Snap rolled over today on the 60-minute chart. Amazon & Tesla are challenging new all-time highs as well.

Have a great day!
Mar 27 2017 - Markets Rally Off Lows (VIX reverses hard) Mar 27 2017 - Markets Rally Off Lows (VIX reverses hard) After gapping down below their respective 50-day SMAs in the morning, SPY and DIA both regained them by day's end. QQQ closed back above all of its moving averages as the index is showing the most strength right now. The volatility indexes ($VIX, $RVX, $VXN) all crashed off their gap open highs to finish back inside their respective trading ranges.

While today's rally was impressive, SPY and DIA are still below their 5 & 20-day EMAs (which is technically short-term bearish).

We also discuss SLV, FXB, FXY, NFLX, GOOGL, TSLA, AMZN, NVDA & SNAP.

Have a great day!
Mar 26 2017 - Watching SPY 50-day SMA... Mar 26 2017 - Watching SPY 50-day SMA... The S&P 500 ETF (SPY) is hanging out near its 50-day SMA. The 50-day SMA is an 'institutional' type moving average. When stocks are above the SMA, it can be viewed as bullish and below... bearish.

DIA is holding up better than SPY right now, with QQQ holding up the best. IWM and MDY are both 'range-bound' and below their respective 5 & 20-day EMAs and 50-day SMA.

$VIX, $VXN, $RVX (volatility indexes) all spiked higher on Friday but finished off their highs and within their respective trading ranges so there is no 'big yellow flag' just yet. The stock bulls were seemingly more comfortable being positive into the weekend than hedging via long puts.

We also discuss XLF, IYT, OIH, USO, GLD, SLV, FB, AAPL, NFLX, GOOGL and NVDA.

Have a great week ahead!
Mar 23 2017 - S&P Gives Back Gains Mar 23 2017 - S&P Gives Back Gains SPY, DIA and QQQ all gave back their early morning gains today to finish back below their respective 5-day EMAs, which keeps the very short-term trend bearish.

It will be interesting to see how Friday plays out. The bulls have been winning on Friday's for a long time... as they are more confident in higher prices by the time Monday rolls around. But if the SPY would close solidly in the red and near the lows of the day, it could mark the beginning of a 'sentiment shift' from optimistic to pessimistic.

We also discuss XLF, XLP, GDX, SNAP, GOOGL, NIKE, MU & PENN.

Have a fantastic Friday!
Mar 22 2017 - NKE & SHLD Plummet and SNAP Rebounds Mar 22 2017 - NKE & SHLD Plummet and SNAP Rebounds QQQ and SMH performed the best today, with SMH back above its 5-day EMA already. SPY rose slightly while DIA was essentially unchanged.

NKE gapped down hard on 4 times its normal volume and SHLD cratered 15.16%. On an hourly chart, SNAP has begun to 'stair step' higher over the past few days and is short-term bullish. We also discuss FB, GIS, CMG and the Yen's (FXY) breakout.

Have a great day!
Mar 21 2017 - Big Volume Sell Off Mar 21 2017 - Big Volume Sell Off SPY, DIA, QQQ, MDY and IWM all sold off today on heavy volume. In many cases, 'bearish engulfing' patterns were printed. Despite today's big down move, $VIX only rose 9.96%. However, $RVX jumped 19.11% and $VXN soared 21.24%. But... none of the volatility indexes broke any real resistance levels. So despite today's sell off, the 'volatility indexes' are not showing any real signs of panic just yet.

We discuss AAPL, FB, NVDA, NFLX, TSLA, BIDU, GOOGL, CTRP, DIS, ADBE, AMAT, XLU, XLP, IBB and how the Transports (IYT) turned out to be the 'canary in the coal mine'.

Have a great day!
Mar 20 2017 - CTRP Target 10% Higher Mar 20 2017 - CTRP Target 10% Higher The major ETFS (SPY, DIA, QQQ, IWM & MDY) continue to trade sideways. CTRP has now closed above resistance, with an upside target 10% higher. We also discuss NVDA, DIS, AAPL, TSLA and BIDU in tonight's video.

Also keep an eye on the 'cross' of the 5 & 20-day EMAs on GDX. The technical 'buy and sell signals' are quite interesting.

Have a great day!
Mar 19 2017 - Stock Bulls in Control & NFLX Breaking Out Mar 19 2017 - Stock Bulls in Control & NFLX Breaking Out The SPY, DIA and QQQ continue to lead the charge higher, with QQQ performing the best right now. IWM and MDY are still caught in their respective trading ranges. The Russell 2000 volatility index ($RVX) and Nasdaq's ($VXN) fell hard at week's end. None of the volatility indexes are showing any signs of (trader) fear right now.

EWW (Mexico ETF) broke out this past week and its next resistance is 6% higher. NFLX is starting to break out to the upside and FB remains very bullish.

Have a great week ahead!

Mar 16 2017 - BIDU Mirroring TSLA's Move... Mar 16 2017 - BIDU Mirroring TSLA's Move... There was no major change in SPY, DIA, QQQ, IWM, MDY or VIX today.

BIDU seems to be following a similar pattern to that of TSLA. We also discuss AMD, NVDA, SHLD, SNAP, GPRO and IYT.

Have a great day!
Mar 15 2017 - Stocks Surge on Fed Hike (Gold & Bonds too) Mar 15 2017 - Stocks Surge on Fed Hike (Gold & Bonds too) The stock market surged on 'Fed Day'. SPY is closing in on new all-time highs. SPY, DIA, QQQ and IWM all rose on above average volume. AAPL broke higher out of another bull flag and remains very bullish.

Gold, Silver and especially the Miners ripped higher today (upside targets are provided in the video). Bonds also jumped on the news.

We also discuss FXI (China), EEM (Emerging Markets), EWW (Mexico), EWA (Australia) along with the Dollar, Euro and Yen.

Have a great day!
Mar 14 2017 - FED Day Wednesday & Tesla Turnaround Mar 14 2017 - FED Day Wednesday & Tesla Turnaround All eyes will be on the 2pm ET Fed Commentary on Wednesday. The $VIX continues to remain very low, showing no signs of 'fear' by traders. That could all change on Wednesday if the FED issues any unexpected commentary. SPY and DIA continue to remain above their 20-day EMAs, which keeps the bulls in charge.

We also discuss IYT's recent poor performance, plus TSLA, NVDA and NFLX.

Have a great day!
Mar 12 2017 - SPY, DIA & QQQ Bulls Remain In Charge Mar 12 2017 - SPY, DIA & QQQ Bulls Remain In Charge SPY, DIA and QQQ all remain bullish heading into this week. The $VIX is showing no indications of any fear right now. IWM and MDY continue to lag.

Gold and Silver remain technically bearish as the week begins. TSLA broke its 50-day SMA this past week with support another 10% lower.

Have a great week ahead!
Mar 9 2017 - Gold Breaks Another Key Support Level Mar 9 2017 - Gold Breaks Another Key Support Level SPY bounced near its 20-day EMA today on solid volume. QQQ continues to hold up the best right now. IWM continues to be the weakest. Neither the $VIX or $RVX are showing any major signs of concern for the stock bulls at this time.

GLD lost its 50-day SMA today, breaking another key support area. Both GLD and SLV (and the miners) remain bearish.

Have a fantastic weekend ahead!
Mar 7 2017 - SNAP-ing Back & Sugar 20% Lower... Mar 7 2017 - SNAP-ing Back & Sugar 20% Lower... The major index ETFs continue to hold up well in the face of a 'red day'. We'll keep an eye on the 20-day EMA on SPY for a litmus test to see if the bears will make an attempt at creating a pull back.

SNAP has only been public for four trading sessions but it sure is getting a lot of headline attention. The 5 & 10-minute charts are showing technical buy signals with targets about 5% higher initially.

Have a great day!
Mar 6 2017 - GDX Still 10% Lower & DB Loses Key Support Mar 6 2017 - GDX Still 10% Lower & DB Loses Key Support SPY, DIA and QQQ had small down days. There is no technical change in their outlook. IWM & MDY are forming a choppy trading range.

GDX and GDXJ targets are 10% lower still despite their recent large down moves. DB lost some key technical support today and its next level comes in at the 200-day SMA (13% lower).

Have a fantastic day!
Mar 5 2017 - SPY Breakout Still In Play Mar 5 2017 - SPY Breakout Still In Play SPY, DIA and QQQ did give back part of Wednesday's big move this past week, but all three remain above their short-term moving averages to keep the bulls in charge. $VIX and $RVX are showing zero signs of concern on behalf of the bulls.

Apple (AAPL) just keeps on chugging higher. Biotech ETF (IBB) did close above the technical resistance near $300 but did so on light volume (Friday). Its next upside target is 10%+ higher.

Have a great week ahead!
Mar 2 2017 - CAT Raided & Silver Smashed Mar 2 2017 - CAT Raided & Silver Smashed While the major indexes were down today, no significant damage was done. SPY, DIA and QQQ remain above their short-term moving averages. IWM and MDY did close below their own 5-day EMAs. The $VIX and $RVX both lost ground today despite the markets moving lower. Again, no real fear is present in the marketplace.

CAT got raided today and the stock lost 4.22% on epic volume, but overall, the stock remains in a trading range dating back to November. Key support levels are outlined in the video.

SLV (Silver ETF) got smashed today, losing 3.67% on big volume. The ETF has broken the rising channel and now the bears have the edge. We outline more downside targets for the Miners who also got beaten up today (AEM, RGLD, GG, PAAS, GDX, GDXJ, SIL).

Have a great day!
Mar 1 2017 - The Day After... SPY, AAPL, Banks Soar Mar 1 2017 - The Day After... SPY, AAPL, Banks Soar The Equity markets soared after last night's speech. SPY, DIA, QQQ and MDY are at new all time highs. Given the recent consolidation of the major indexes, today's gap re-energizes the bullish trend. The bank stocks did particularly well, including other stocks like Apple, Boeing and Facebook.

Have a great day!
Feb 28 2017 - VIX Jumps & Nordstrom On Watch List Feb 28 2017 - VIX Jumps & Nordstrom On Watch List While the major indexes were on the quiet side, the volatility indexes were not. $VIX rose 6.87% and $RVX jumped 9.62%. Both volatility indexes finished the day at new closing highs for the year. These are definite 'yellow flags' but a further climb is needed before they break out and produce a technical 'sell signal' in the markets.

We also discuss JWN, NVDA, DPZ, GME and GDX in tonight's video.

Have a great day!
Feb 27 2017 - Biotech's Big Day & Miners Get Hammered Feb 27 2017 - Biotech's Big Day & Miners Get Hammered Biotech ETF (IBB) surged nearly 3% today and is now approaching a key longer-term resistance level near $300. The next technical resistance above $300 is about 13% higher.

Yesterday we talked about how the 'miners were diverging from the metals'. Well, today the gold and silver miners got shellacked. GDX cratered 5.35%, SIL plummeted 6.27% and GDXJ crashed nearly 10% (losing 9.58%). Worse yet, if the selling continues the next level of major support is 10%+ lower.

There was no technical change in SPY, DIA and QQQ. Though, MDY and IWM bounced very nicely. We also discuss AEM, SLW, RGLD, BIDU, TSLA, XLU vs. XLP and Crude Futures.

Have a great day!
Feb 26 2017 - SPY Bullish & Miners Diverging Feb 26 2017 - SPY Bullish & Miners Diverging SPY, DIA, QQQ and MDY all remain above their short-term moving averages, which gives the bulls a technical edge.

While GLD and SLV are trending bullish, the miners (GDX, GDXJ & SIL) are rolling over. This is a bearish divergence and we will continue to monitor it the nightly video.

We also discuss AAPL, NFLX, BIDU, V, NKE, MYL and a sentiment change in CF.

Have a great week ahead!
Feb 23 2017 - NVDA & TSLA Get Rocked Feb 23 2017 - NVDA & TSLA Get Rocked The Russell 2000 (IWM) and S&P MidCaps (MDY) finished below their respective 5-day EMAs today, but SPY, DIA and QQQ remain above their 5-day EMAs. The $VIX and $RVX are still showing no signs of concern.

NVDA and TSLA both got whacked today and we outline support levels to watch for inside the video.

Have a great day!
Feb 22 2017 - Facebook Breaks Out Feb 22 2017 - Facebook Breaks Out Facebook (FB) broke out to new highs today on a surge in volume. From a trailing stop perspective, an 8-day or 20-day EMA could be considered to gauge when the bulls would be losing control.

TLSA missed earnings estimates but beat on revenue after the bell tonight. We'll need to see how the stock trades on Thursday to get a better feel for which direction may be next. PZZA gapped down today and brought DPZ with it. DPZ closed beneath its 5-day EMA.

There was no change in the major index ETF commentary. The Miners (GDX & SIL) are showing signs of weakness.

Have a great day!
Feb 21 2017 - Semi's Overbought & WMT Soars Feb 21 2017 - Semi's Overbought & WMT Soars The major indexes continue to their surge higher. VIX remains bearish.

We will keep an eye on XRT, as the ETF is testing resistance at its 50-day SMA. XLP and XLU have performed very well since we highlighted their breakout over the 200-day SMA.

DIS continues to look tired right now. AMZN broke out to new all time highs. WMT gapped higher on earnings and has two important resistance areas to watch. We highlight both of them in the video (with technical upside targets as high as $90/share).

Have a great day!
Feb 20 2017 - Bulls In Charge Feb 20 2017 - Bulls In Charge All of the major index ETFs (SPY, DIA, QQQ, IWM & MDY) are above their short-term moving averages, which keeps the bulls in charge. VIX remains below 12.

Gold and Silver remain technically bullish. Disney and Domino's remain above their 20-day EMAs.

Have a great holiday shortened trading week ahead!
Feb 16 2017 - JNJ & XLU Breaking Out Feb 16 2017 - JNJ & XLU Breaking Out The major index ETFs took a breather today with no major changes. VIX reversed off its highs to finish down 1.75%.

JNJ & XLU are starting to break out, while NVDA is testing key support at its 50-day SMA.

Have a fantastic Friday ahead!
Feb 15 2017 - Double Warning Signs in SPY & VIX Feb 15 2017 - Double Warning Signs in SPY & VIX SPY and DIA are both getting quite vertically extended on the daily charts. Both are now outside their upper Bollinger Band. And, $VIX actually rose 11.45% when the broad markets were higher. Both of these instances are definite short-term 'warning signs' for the bulls. We discuss this further in tonight's video.

IBB and MYL both are roaring higher, while AAPL, FB, GOOGL and NFLX lagged a bit today.

Have a great day!
Feb 14 2017 - AAPL Surges on Buffett News Feb 14 2017 - AAPL Surges on Buffett News AAPL surged higher today on news Buffett increased his stake in the company during the 4th quarter. DIS held its 20-day EMA. MYL soared higher and is now testing the 200-day SMA. NFLX is testing the 20-day EMA.

SPY and DIA continued their vertical surge and remain overbought on the daily chart.

Happy Valentine's Day!
Feb 13 2017 - NVDA Waives Yellow Flag... Feb 13 2017 - NVDA Waives Yellow Flag... SPY and DIA are starting to get a little 'too vertical' in the short-term, with both continuing to trade outside their upper Bollinger Bands.

NVDA has now seen back to back days of heavy volume and closing near the lows of the day. In fact, today the stock closed below its 20-day EMA. There is a change in trader sentiment right now with NVDA. Keep an eye on the 50-day SMA for support.

We also discuss ADBE, AMAT, DPZ, TWTR, DECK, MYL, IYR and T in tonight's video.

Have a great day!
Feb 12 2016 - SPY Bullish & Copper Breaks Out Feb 12 2016 - SPY Bullish & Copper Breaks Out SPY, DIA, QQQ and MDY all remain technically bullish for the week ahead. IWM did gap higher on Friday but did not set new highs. $VIX remains sub-11, at 10.85, indicating traders are not overly concerned with downside protection right now.

Copper (JJC) broke out on strong volume Friday. The upside technical targets are outlined in the video. And, we're going to keep an eye on IYR (Real Estate ETF) and MYL (Mylan) as they are approaching technical break out areas as well.

Have a great week!
Feb 9 2017 - SPY Joins Party & NKE Target 10% Higher Feb 9 2017 - SPY Joins Party & NKE Target 10% Higher SPY, DIA and MDY have joined the all-time highs party today. IWM remains the laggard.

NKE ripped through the 200-day SMA today and its next upside technical target is 10% higher. We also highlight KSS, M, TGT, WMT and XRT.

Have a great day!
Feb 8 2017 - QQQ at New Highs Again & DIS Looks Tired Feb 8 2017 - QQQ at New Highs Again & DIS Looks Tired The QQQ's hit new all time highs again today, while the other major index ETFs (SPY, DIA, IWM & MDY) all continue to be range bound.

DIS reversed hard off its first 15 minutes of trading today and is looking 'tired' right now. FB closed above its recent earnings high, triggering a technical buy signal. AAPL and DPZ continue to soar.

Have a great day!
Feb 7 2017 - Apple (AAPL) Surging higher... Feb 7 2017 - Apple (AAPL) Surging higher... Apple (AAPL) closed above its earnings gap high and is now off to the races. Domino's Pizza (DPZ) also exploded higher today. Netflix (NFLX) broke out to new highs. Facebook (FB) remains 'earnings range bound'. Disney (DIS) is testing its 20-day EMA.

Gold remains short-term bullish and there was no change in the major indexes.

Have a great day!
Feb 6 2017 - BA Buy Signal & Miners Break Out Feb 6 2017 - BA Buy Signal & Miners Break Out BA bounced off its 20-day EMA and is now back above its 5-day EMA, triggering a technical 'buy signal'. The 20-day EMA has been a great 'bounce point' since September.

The Miners (GDX, GDXJ & SIL) had big days on above average volume. GDX rose 3.67%, GDXJ rocketed higher by 7.72% and SIL jumped 3.75%. All three busted through their respective 200-day SMAs.

There was no major change in SPY, QQQ, DIA, IWM or MDY today.

Have a great week!
Feb 5 2017 - Stock Bulls Still in Control as February Begins Feb 5 2017 - Stock Bulls Still in Control as February Begins The bulls continue to be in control of the equity markets. $VIX and $RVX show literally no signs of 'fear' in the marketplace. The Transports ETF (IYT) triggered a technical buy signal on Friday.

We also cover AAPL, NFLX, GOOGL, AMZN, FB and DIS in today's video.

Have a great week ahead!
Feb 2 2017 - AMZN Down After Hours & DECK Gets Decked... Feb 2 2017 - AMZN Down After Hours & DECK Gets Decked... Amazon (AMZN) is trading about $30 lower this evening after its latest earnings report. Deckers (DECK) is getting 'decked' by over 25% right now and is testing a multi-year support level. GoPro (GPRO) is lower by about 10% and Visa (V) rising by about $3 after its earnings report.

Facebook (FB) reversed hard today so it bears watching in the coming days. Apple (AAPL) had an inside day.

There was no major change in the major index ETFs today. Gold and Silver's upside targets remain the 200-day SMA.

Have a fantastic Friday!
Feb 1 2017 - Facebook Up After Hours & XOM Coming Into Support Feb 1 2017 - Facebook Up After Hours & XOM Coming Into Support The major index ETFs continue to trade in their respective ranges. The Transports (IYT) are showing signs of a potential 'double top' pattern so it bears watching.

FB is trading higher in after hours, but only by $1 per share so it will be interesting to see if it acts like Apple did today.

COH is getting closer to breaking out of a multi-month range and triggering a technical buy signal (details inside).

Have a great day!

Jan 31 2017 - Apple's Record Earnings & Biotech Buy Signal Jan 31 2017 - Apple's Record Earnings & Biotech Buy Signal SPY, DIA, QQQ saw some selling pressure again today but the bears were unwilling to close the markets at the lows. IWM and MDY are showing 'bullish engulfing' candle patterns. The $VIX remains low and is not showing any signs of 'panic'.

XRT (Retail ETF) and IBB (Biotech ETF) both produced bullish engulfing patterns, with IBB's looking the strongest. UA got annihilated today, losing 23.4% on epic volume, once again showing the value of protective put options ahead of an earnings report.

Have a great day!

Jan 30 2017 - AAPL, FB and AMZN Earnings This Week... Jan 30 2017 - AAPL, FB and AMZN Earnings This Week... The major Index ETFs (SPY, DIA, QQQ, IWM & MDY) all rallied off their lows and by the end of the day there was no major technical damage done. VIX did spike intraday but it also finished well off its highs. All in all, it seems the bears were the ones more concerned about taking a short position home for the night.

OIH broke below the December swing low and its 50-day SMA, giving the bears a solid technical edge. Its next major support level is over 10% lower, down near $30.

AAPL, FB and AMZN all have earnings this week.

Have a great day!
Jan 29 2017 - QQQ & SMH Continue To Lead The Charge Jan 29 2017 - QQQ & SMH Continue To Lead The Charge QQQ and SMH continue to be the strongest of the ETFs. Across the major index ETFs, the small down days are occurring on light volume, which gives the bulls a solid edge right now. VIX continues to remain at historic lows, indicating traders are not even interested in much downside protection right now via long puts on the S&P.

XRT remains challenged by its 20-day EMA to the upside. SLV held its 20-day EMA on Friday. TLT rolled over once again.

Have a great week!
Jan 26 2017 - GOOGL & SBUX Trading Lower After Tonight's Earnings Reports Jan 26 2017 - GOOGL & SBUX Trading Lower After Tonight's Earnings Reports There was no real change in the major index ETFs (SPY, DIA, QQQ, IWM, MDY). VIX is down to 10.63, which is the 3rd lowest reading in the last 10 years (2014, followed by 2007).

QCOM broke below its gap down price from Monday, which now opens the door to another 7-10% drop until it finds potential support. BMY also had a bad day losing its recent support on 4x its normal volume. BMY's support is another 10%+ away.

GOOGL is down about $20 in after hours trading and SBUX is down about $2.50 or roughly 5%.

Have a fantastic weekend ahead!
Jan 25 2017 - SPY, DIA, MDY Join QQQ's at All-Time Highs... Jan 25 2017 - SPY, DIA, MDY Join QQQ's at All-Time Highs... Dow 20,000 is finally here. The DIA, SPY and MDY joined the QQQ's at all-time highs today. Volume was solid across the board, further adding to the bullish technical breakout. Only IWM is left lagging.

We also discuss DIS, QCOM, BMY and NFLX.

Have a fantastic day!
Jan 24 2017 - Nasdaq & Semi's at All-Time Highs Jan 24 2017 - Nasdaq & Semi's at All-Time Highs The QQQ's and the Semiconductor ETF (SMH) hit all-time highs today. IWM surged 1.52% but still remains in a slight down trending channel. DIA did move higher on above average volume but it too hasn't set a new near-term high just yet. MDY on the other hand, jumped on huge volume to near all-time highs. SPY is only $0.16 away from new highs. The VIX got pounded lower again and now sits at just 11.07... only seven cents away from heading into the 10's

Two stocks we mentioned previously had been holding their 50-day SMA as support. Yesterday, LOW started its rise and today LEN catapulted 6.06%. DIS also bounced nicely and remains above its 20-day EMA. JNJ and VZ both had a tough day and we highlight potential support areas in the video.

Have a great day!
Jan 23 2017 - S&P Rallies Off Lows & XLE Breaks Down Jan 23 2017 - S&P Rallies Off Lows & XLE Breaks Down The S&P 500 ETF (SPY) rallied off its lows to remain above its 20-day EMA and within its recent trading range. QQQ's closed back above its 5-day EMA by day's end, while IWM continues to cling to its 50-day SMA for now.

XLE closed below its 50-day SMA, producing a technical sell signal. XRT and IBB both continue to push lower towards the support levels we previously identified. AMZN and FB bounced nicely today.

Have a great rest of the week!

Jan 22 2017 - QQQ's Remain Strong & VIX Back Under 12 Jan 22 2017 - QQQ's Remain Strong & VIX Back Under 12 The QQQ's continue to be the strongest of the four major index ETFs. SPY, DIA and MDY all remain range bound still, while IWM is testing its 50-day SMA for support.

$VIX tanked on Friday, losing 9.70% and is once again back below 12. This 'fear indicator' is showing traders are not looking for any major downside protection on the S&P right now.

Gold, Silver and the Miners are all technically bullish and trading above their respective 5 & 20-day EMAs.

Have a great week ahead!
Jan 19 2017 - Dow Slowly Breaking Support Jan 19 2017 - Dow Slowly Breaking Support Dow ETF (DIA) is slowing showing signs of weakness as it has now just slightly closed below its recent trading range. The 50-day SMA would be the next major target, down near the $194.50 - $195.00 area.

SPY and MDY continue to be range bound. QQQ remains the strongest while IWM bounced off its 50-day SMA.

Coffee (JO) triggered a buy signal today. IBM is down about $4 in after hours trading and CSX roared higher (23%+) today on news of potential 'activist investors'.

Have a great day!
Jan 18 2017 - NFLX Surging After Earnings Report Jan 18 2017 - NFLX Surging After Earnings Report There was no major change in SPY, DIA, IWM or QQQ today, as they all remain range bound for the most part. SMH did rise 1.77% and closed the day near new all-time highs.

NFLX is trading higher by about $10-$11 in after hours trading. DIS continues its rise and we talk about how the 20-day EMA could be considered for a trailing stop. KSS & M both printed 'hammers' today.

Have a great day!
Jan 17 2017 - Russell 2000 Breaks Support & Banks Sell Off Jan 17 2017 - Russell 2000 Breaks Support & Banks Sell Off The Russell 2000 ETF (IWM) is the first of the major index ETFs to break down out of their month long trading range. The next support level would be the 50-day SMA. SPY, DIA and MDY all remain inside their respective ranges, with QQQ still holding above its own 5-day EMA.

The bank stocks (GS, JPM, BAC and C) were hit with some profit taking. The downside targets are provided in the video.

Have a great day!
Jan 16 2017 - Earnings Season is in Full Swing This Week Jan 16 2017 - Earnings Season is in Full Swing This Week Earnings season really gets into high gear this week so it is definitely a great time to review protective strategies before the company's announcement.

$VIX is back down to 11.23, indicating literally zero fear as we head into the meat of earnings season.

Friday's price action left the major indexes mainly unchanged and still range bound, except for the QQQ's which continue to power higher.

Gold (GLD) remains above its 50-day SMA but SLV can't get above its own.

Have a great day!


Jan 12 2017 - S&P Rallies Off Lows Jan 12 2017 - S&P Rallies Off Lows S&P 500 ETF (SPY) rallied off its lows to remain above its 20-day EMA. DIA, IWM and MDY all remain range bound with QQQ continuing to outperform to the upside.

$VIX did spike more than 10% today, but ended up with a small gain of only 2.49%.

GLD did close above its 50-day SMA and AMZN continues to be strong since it closed above its 50-day SMA back on Jan 5.

We provide additional commentary to last night's WFC protective put example ahead of its earnings report on Friday morning.

Have a great day!
Jan 11 2017 - QQQ's 7 Days in a Row & Protective Puts for Earnings Jan 11 2017 - QQQ's 7 Days in a Row & Protective Puts for Earnings QQQ's made it 7 up days in a row and they have yet to post a losing day here in 2017.

IYT (Transports ETF) triggered a buy signal today as it closed back above its short-term moving averages on well above average volume.

We also discuss the value of a 'protective put' option for hedging capital against upcoming earnings reports, as the Banks begin reporting on Friday.

Have a great day!
Jan 10 2017 - USO Rolling Over & NKE Holding Breakout Jan 10 2017 - USO Rolling Over & NKE Holding Breakout There was no major change again the major indexes, except the QQQ's continue to push higher.

PEP's sold off today, but support is approaching near $99. GOLD continues to 'stair step' higher along its 5-day EMA.

Have a great day!
Jan 9 2017 - QQQ's Marching Higher & XLE Breaking Down Jan 9 2017 - QQQ's Marching Higher & XLE Breaking Down There was no real change in the major stock index ETFs, except the QQQ's pushed to new highs today. The $VIX remains bearish, which is bullish for equities.

XLE closed beneath its 20-day EMA today, ending the short-term bullish momentum.

AAPL, AMZN and FB all continue to look strong technically.

Have a great day!

Jan 8 2017 - S&P All Time Highs & AMZN, FB on the run Jan 8 2017 - S&P All Time Highs & AMZN, FB on the run S&P 500 closed at all-time highs on Friday. The Dow is not far behind as we still await Dow 20k.

Amazon (AMZN) and Facebook (FB) both broke out above their 50-day SMAs last week and are on technical buy signals (targets given in the video).

Have a fantastic week ahead!
Jan 5 2017 - AMZN Breaks Out While KSS & M Get Crushed Jan 5 2017 - AMZN Breaks Out While KSS & M Get Crushed There was no major change in SPY or DIA. IWM did drop over 1% but remains in its recent trading range. Similar story for QQQ, while it did rise today, it too remains caught in a trading range.

Kohl's (KSS) and Macy's (M) both got walloped today. Kohl's plummeted 18.85% and Macy's crashed 13.53%.

Amazon (AMZN) broke out of its pennant today, triggering a buy signal and Netflix (NFLX) hit new highs.

Have a great day!
Jan 4 2017 - S&P 500 Cycle Low & Buy Signals Galore Jan 4 2017 - S&P 500 Cycle Low & Buy Signals Galore The S&P 500, Dow, Russell 2000 and Midcaps didn't take long to put in a cycle low it seems. The Slow Stochastics can be a great indicator to help see how the 'cycle is progressing' and the indicator just went on a technical buy signal on all four of them.

Speaking of 'buy signals'... KSS, NKE, LEN and OIH also went on technical buy signals and are detailed further in tonight's video.

Have a great day!
Jan 3 2017 - GOLD Breaking Out & USO Prints Big Reversal Candle Jan 3 2017 - GOLD Breaking Out & USO Prints Big Reversal Candle The major index ETFs did stage a rally today but could not hold onto their highs by day's end. Caution remains warranted, though the VIX did crash lower by 8%+.

TLT's next upside technical target is the 50-day SMA.

GOLD is breaking out ahead of its brethren, with a technical upside target of $10 or more higher.

Have a great day!
Jan 2 2017 - S&P Pulling Back & Transports Give Sell Signal Jan 2 2017 - S&P Pulling Back & Transports Give Sell Signal Overall, the markets are pulling back slowly. However, the Transports (IYT) produced a sell signal with the 5-day EMA crossing down through the 20-day EMA. The $VIX is also starting to show some life. As a result, some caution is definitely warranted for the stock bulls. This could be a perfect time for a pull back.

We do provide downside targets for the major ETFs, including AAPL, AMZN, FB, GOOGL and NFLX.

Cheers to a fantastic 2017!
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