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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Jul 20 2017 - Weakest Time Of Year Begins Jul 20 2017 - Weakest Time Of Year Begins The weakest time of the year begins today for the Russell 2000. Over the past 30 years, the next few months has historically been the most dangerous period for investors long the market.

And traders short long volatility vehicles are at risk of losing up to 250% with a VIX spike to 20 according to research.

Plus, what are FANG stocks really worth?

Have a great week!
Jul 19 2017 - S&P Is High But So Is The SKEW Jul 19 2017 - S&P Is High But So Is The SKEW The S&P 500 rose convincingly above resistance levels today but the SKEW remains elevated, suggesting everything is not all as it seems on the surface and the risk of a tail event remains high.

Have a great week!
Jul 18 2017 - FANGtastic Day Jul 18 2017 - FANGtastic Day The S&P 500 hardly budged but Netflix soared after adding 5.2 million subscribers for the quarter, Facebook rose a few dollars, Amazon roared higher, and volatility in cryptocurrencies continued with Ethereum up 54% since the weekend!

Have a great week!
Jul 17 2017 - Skew Indicates Tail Risk Rises Jul 17 2017 - Skew Indicates Tail Risk Rises The major market averages were fairly flat on the day but the elevated SKEW suggests tail risk is heightened.

Cryptocurrencies have gone on a wild ride in recent weeks and Ethereum soared 17% today.

Have a great week!
Jul 15 2017 - Did The Market Just Break Out? Jul 15 2017 - Did The Market Just Break Out? The S&P 500 closed above its resistance line on the ascending triangle that had been forming, but the confirmation hasn't yet taken place with other major indices.

Snapchat remains weak. Facebook and Netflix earnings look great looking to the future, especially given Facebook's moat.

Have a great week!
Jul 13 2017 - Is Jim Cramer Following Us? Jul 13 2017 - Is Jim Cramer Following Us? The S&P 500, Dow Jones Industrial Average and NASDAQ moved modestly higher today but remained under resistance levels.

Our weekend comments on Facebook have been mimicked by Jim Cramer.

And discover two stocks with a lot of potential upside fundamentally.

Have a great week!
Jul 12 2017 - Prime Day Helps The NASDAQ Jul 12 2017 - Prime Day Helps The NASDAQ Amazon Prime Day sales were up 60% year over year, causing Amazon to spike back above the $1,000 level and the NASDAQ rallied over 1% on the day, while Snapchat continued its fall below its IPO price and Tesla, despite today's strength remains technically weak.
Have a great week!
Jul 11 2017 - Stocks Rebound From Midday Sell Off Jul 11 2017 - Stocks Rebound From Midday Sell Off The major index ETFs finished essentially unchanged by day's end, shaking off a midday attempt at a sell off.

We are keeping an eye on GS given its tight range. The key technical target remains the $230 area. We also discuss EEM, JJC, WMT, COST, DRI, TSLA, GM, EDU and more.

Have a great day!
Jul 10 2017 - NKE Bull Flag Breakout & ANF Clobbered 21% Jul 10 2017 - NKE Bull Flag Breakout & ANF Clobbered 21% SPY, DIA, IWM and MDY remained in tight ranges today, while the QQQ's had a nice day to the upside but still remain in a down trending channel. $VXN remains bullish.

ANF got clobbered today, losing 21% on epic volume. NKE broke out of a bull flag after a brief pullback from its AMZN news.

We also discuss IBB, SMH, JWN, NVDA, Z and more.

Have a great day!
Jul 9 2017 - SPY Ascending Triangle? Jul 9 2017 - SPY Ascending Triangle? The SPDR 500 is showing an ascending triangle, QQQs are weak, Facebook earnings are strong for the next decade, and STOR offers attractive covered calls for conservative investors.
Have a great week!
Jul 6 2017 - SPY Loses 50-day SMA... Jul 6 2017 - SPY Loses 50-day SMA... The SPY closed below its 50-day SMA today, which puts the bulls 'on notice' and gives the bears an edge. DIA closed right on its 20-day EMA. The $VIX jumped 13.28% and is now at its highest level since May.

We also discuss TSLA, FB, AAPL, EEM, EWH, CVX, XOM, NKE, UPS and more.

Have a fantastic Friday!
Jul 5 2017 - TSLA, ORLY, AZO Get Hammered... Jul 5 2017 - TSLA, ORLY, AZO Get Hammered... SPY, DIA, IWM and MDY all remained in tight trading ranges today. The QQQ's did bounce but they remain below their key moving averages and short-term bearish.

TSLA fell 7% on over 2x its average volume, ORLY crashed 18% on 7x its normal volume and AZO plummeted 9% on triple its average volume. Downside technical targets are provided in tonight's video.

We also discuss GLD, SLV, GDX, SIL, EEM , IBB, XLF, FB, RTN and BA.

Have a great day!
Jul 3 2017 - Tech Continues To Breakdown... Jul 3 2017 - Tech Continues To Breakdown... Tech stocks continue to break down even on a holiday shortened trading session. The QQQ's are now only $4 from their initial support zone. DIA did hit all-time intraday highs. IWM closed right on its all-time high.

We also discuss GM, GS, OIH, XLY, TSLA, FB, AAPL, AMZN, GOOGL, NFLX, NVDA and more.

Happy Independence Day!
Jul 2 2017 - QQQ's Still Looking Heavy... Jul 2 2017 - QQQ's Still Looking Heavy... The QQQ's have spent the last three out of four days trading below their 50-day SMA and continue to 'look heavy' right now. The downside technical target is the $130.00 - $132.50 area. The $VXN also remains in a bullish posture, which is bearish for the QQQ's. DIA is holding up the best followed by SPY, IWM and MDY.

We also discuss SMH, XLF, JJC, FB, AAPL, FB, AMZN, NVDA, TSLA, GOOGL, NFLX, UPS, KLAC, NKE and more.

Have a great week ahead!
Jun 29 2017 - Nasdaq Gives Early 4th of July Fireworks... Jun 29 2017 - Nasdaq Gives Early 4th of July Fireworks... The QQQ's sold off on almost three times its normal volume and finished back below its 50-day SMA again. The $132 area is next level of support. The other major indexes held up better (again).

Bank stocks did well today and mainly finished in the green. We also discuss SMH, FB, AAPL, AMZN, TSLA, NVDA, NFLX, GOOGL, BABA, MAR, GM, PRGO, UPS and more.

Have a fantastic Friday!
Jun 28 2017 - Bank Stocks Breaking Out... Jun 28 2017 - Bank Stocks Breaking Out... We've been talking about the scenario where we need to see two large down days in a row for the bears to get some credibility. Why? Because of days like today. Once again, the bears could only muster one large down day before the bulls returned to push prices higher. The DIA (Dow ETF) is performing the best right now and IWM (Small Caps ETF) is almost at new all-time highs.

The Bank stocks are breaking out and have been acting strong technically ever since the QQQ's began to pullback. We highlight GS, JPM, C, COF, DFS and more in tonight's video.

Have a great day!
Jun 27 2017 - QQQ's Break Support on Heavy Volume... Jun 27 2017 - QQQ's Break Support on Heavy Volume... The QQQ's closed below their 50-day SMA and below their most recent swing low (on above average volume). We've talked about how the 'FANG' stocks looked 'heavy' and the selling pressure is starting to kick in. We highlight downside targets in tonight's video.

We also discuss FB, AAPL, AMZN, NFLX, NVDA, GOOGL, TSLA, MAR, CMG, XLF, XME, IBB and more.

Have a great day!
Jun 26 2017 - AMZN, GOOGL, TSLA Print Bearish Candle Pattern Jun 26 2017 - AMZN, GOOGL, TSLA Print Bearish Candle Pattern AMZN, GOOGL and TSLA all printed 'bearish engulfing candles' today, but we'll need to see some follow through to the downside for the candlestick pattern to be 'confirmed'. Overall, these three stocks are holding up quite well but also might be 'tiring' a bit too.

There was no real change in the major index ETFs (SPY, DIA or QQQ). Keep an eye on PRGO as it is starting to show signs of reversing higher after a very long downtrend (similar to TEVA). We also discuss WDC, DIS, UA, AAPL, NVDA, NFLX and more.

Have a great day!
Jun 25 2017 - Bulls Firmly In Control Of Weekly Charts Jun 25 2017 - Bulls Firmly In Control Of Weekly Charts The weekly charts of both SPY and DIA remain technically bullish as we head into the last week of June. The daily charts of both SPY & DIA also side with the bulls too. The QQQ's had a nice move higher on Friday and their next technical resistance level is the high from earlier this month.

We also discuss AMZN, COST, WMT, FB, NFLX, AAPL, GOOGL, NVDA, UPS, JJC, GLD, SLV, USO, TEVA and more.

Have a great week!
Jun 22 2017 - TEVA Breaking Long-term Downtrend... Jun 22 2017 - TEVA Breaking Long-term Downtrend... The Biotech stocks have been on fire of late, with CELG leading the way. TEVA is now starting to join the party with today's move, as it begins to break out of a long-term downtrend. Upside technical targets are inside tonight's video.

The major indexes didn't move much at all today. We also discuss JWN, SMG, BIIB, COST, WMT, AMZN and more.

Have a great day!
Jun 21 2017 - Biotech Breaks Out (IBB Target 8% higher) Jun 21 2017 - Biotech Breaks Out (IBB Target 8% higher) The QQQ's are jumping above and below their moving averages right now. The June 14th swing high still remains key for the bulls. SPY and DIA remain above their 20-day EMAs, which gives the edge to the bulls.

Last night we talked about IBB reaching a key area for a breakout and today the ETF exploded to the upside with its next target still 8% higher.

We also discuss OIH, EEM, FB, NFLX, GOOGL, NVDA, ROST, BABA, KLAC, GE, XOM and more.

Have a great day!
Jun 20 2017 - QQQ's Reversal Forms Lower 'Swing High' Jun 20 2017 - QQQ's Reversal Forms Lower 'Swing High' The QQQ's reversed lower today and have now printed a 'lower high'. Yesterday's high will now need to be closed above to give the bulls a technical edge. For the bears, they need a close below the 50-day SMA.

The Dow ETF (DIA) continues to hold up the best and remains above all of its moving averages. We also discuss FDX, COST, NFLX, UNP, CSX, EWZ, RSX, IBB, SMH and more.

Have a great day!
QQQ's Back Above Moving Averages QQQ's Back Above Moving Averages The QQQ's closed back above their 5 & 20-day EMAs today on strong volume, putting the bulls back in charge. A key level to watch on the downside will be the 50-day SMA (since it acted as support on the recent pull back).

We also discuss BABA, IBB, AAPL, FB, GOOGL, NFLX, AMZN, SNAP, CVX, XOM, WMT, COST and more.

Have a great day!
Jun 18 2017 - AMZN Sends Retailers Reeling... Jun 18 2017 - AMZN Sends Retailers Reeling... The Dow ETF (DIA) is acting the strongest of the major index ETFs right now and it starts the week with a bullish technical bias. QQQ's continue to experience selling pressure and the downside target remains the 50-day SMA.

Amazon (AMZN) announced they want to buy Whole Foods (WFM) on Friday and that sent WMT, TGT, COST and KR reeling. We highlight their technical downside targets in today's video. We also discuss GLD, SLV, FB, AAPL, NVDA, NFLX, GOOGL, XOM, CVX and more.

Have a great week ahead!
Jun 15 2017 - FANG Stocks Still Showing Weakness Jun 15 2017 - FANG Stocks Still Showing Weakness FB, AAPL, NFLX, GOOGL, AMZN, NVDA continue to show weakness, which is putting pressure on the QQQ's. The downside targets for each of the stocks and the QQQ's are highlighted in tonight's video.

SPY and DIA remain the strongest of the index ETFs right now.

Have a fantastic Friday ahead!
Jun 14 2017 - QQQ's Downside Target is 50-day SMA Jun 14 2017 - QQQ's Downside Target is 50-day SMA The QQQ's tried again to regain their short-term moving averages but failed by day's end, keeping the bears with the upper hand for now. The $VXN also closed higher and put itself back in a bullish technical position, which is bearish for tech stocks in the short-term. DIA finished higher today while SPY lost a few pennies but remains above its 5-day EMA.

We also discuss FB, AAPL, AMZN, NFLX, NVDA, GOOGL, SBUX, XME, XLP, XLU, RSX, GLD, SLV, GDX, SIL, TLT and more.

Have a great day!
Jun 13 2017 - SPY & DIA at New All-Time Highs Jun 13 2017 - SPY & DIA at New All-Time Highs SPY, DIA, IWM and MDY all closed at new all-time highs today. $VIX fell back below 11. QQQ's remain beneath their 5 & 20-day EMAs but the $VXN crashed 11% after yesterday's reversal candle. Fear is quickly exiting the market again.

We also discuss OIH, USO, XME, XOM, CVX, FB, AAPL, NFLX, GOOGL, NVDA, AMZN, TSLA, BABA and more.

Have a great day!
Jun 12 2017 - FANG Stocks Hit Again... Jun 12 2017 - FANG Stocks Hit Again... FB, AAPL, NFLX and GOOGL all traded lower again today. QQQ and SMH are trading below their respective 20-day EMAs but remain above their 50-day SMAs for now. The $VXN reversed well off its highs and the last time we saw that type of action resulted in a bottom forming in techland.

We also discuss MAR, GM, F, GE, SBUX, TSLA, NVDA, AMZN, SPY, DIA, IWM and MDY.

Have a great day!
Jun 11 2017 - Tech Stocks Get 'FANG-ed' Jun 11 2017 - Tech Stocks Get 'FANG-ed' The QQQ's got hit hard on Friday with very heavy volume. FB, AAPL, NFLX, GOOGL closed below their 5 & 20-day EMAs, giving the bears a short-term edge on the charts. NVDA, TSLA and BABA printed massive bearish engulfing patterns. It will be very interesting to see if this was a 'one-hit wonder' by the bears again or if a second day of profit taking will actually take place. The two previous occasions where the bears tried to hit the QQQ's hard this year were on March 21st and May 17... and the bulls immediately stepped in to end the selling pressure.

DIA closed at new all-time highs on Friday with well above average volume. We also discuss SPY, IWM, MDY, SMH, TLT, GLD, EWZ, XLF and more.

Have a great week ahead!
Jun 8 2017 - TSLA & BABA Keep Shorts Running Jun 8 2017 - TSLA & BABA Keep Shorts Running IWM and MDY moved closer to hitting new all-time highs today. SPY, DIA and QQQ essentially went nowhere. Gold and Bonds gave some small gains back. TSLA and especially BABA roared higher today, sending the short covering.

We also discuss JWN, SBUX, SHAK, XLF, XME and more.

Have a great day!
Jun 7 2017 - Ford vs GM... Jun 7 2017 - Ford vs GM... SPY, QQQ and DIA barely moved today ahead of Thursday's 'bigger' news events. $VIX remains sub-11 indicating 'no fear' on behalf of the stock bulls.

We previously highlighted Ford and GM's technical breakouts. But since, only one of the stocks has held the break out while the rolled over. We also discuss SNAP, TWTR, NEM, HES, APC, AMD, YELP, RSX, GLD and TLT.

Have a great day!
Jun 6 2017 - Macy's Gets Crushed Again (JWN, KSS, ROST lower too) Jun 6 2017 - Macy's Gets Crushed Again (JWN, KSS, ROST lower too) SPY, DIA and QQQ did finish lower by a tad today but remain technically bullish on all of the daily charts. $VIX did pop up a little bit but remains sub-11.

Bonds and Gold moved higher, with NEM's next upside technical target about 10% higher.

Macy's was crushed (down 8.21%) on nearly 4x its normal volume. JWN, ROST and KSS all traded lower as a result.

Have a great day!
Jun 5 2017 - Google Tops $1,000... Jun 5 2017 - Google Tops $1,000... SPY, DIA and QQQ finished the day essentially unchanged. IWM did print a 'bearish engulfing candle' at the top of its recent multi-month range but the volume was very light.

Google (GOOGL) joined AMZN in the $1,000 club today. We also discuss, EWZ, AAPL, FB, NFLX, TSLA, DAL, F, GM and PANW.

Have a great day!
Jun 4 2017 - SPY, DIA, QQQ Start Week At All-Time Highs... Jun 4 2017 - SPY, DIA, QQQ Start Week At All-Time Highs... SPY, DIA and QQQ will start the week at all-time closing highs. IWM and MDY have not yet closed at new all-time highs and remain range bound.

Bonds (TLT) closed above the 200-day SMA on Friday, which is noteworthy. Upside technical targets include $127 and a gap fill up at $130.

We also discuss XLF, XME, XLE, XLU, XLP, IBB, GLD, SLV, USO, UNG, AAPL, FB and AMZN.

Have a great day!
Jun 1 2017 - Markets Soar Higher to Start June (DIA new all-time highs) Jun 1 2017 - Markets Soar Higher to Start June (DIA new all-time highs) DIA joined the new all-time closing highs party today. We now have SPY, QQQ and DIA in 'blue sky territory'. The $VIX closed back below 10 (no shocker there).

Some recent stocks we've been highlighting performed well again today like XLU and XLP continuing to add to their break outs. Now DG and WYNN have both broken out too. WMT still has a lot of room to the upside technically. We also discuss IYT, RSX, FXI, GS, GM & F.

Have a fantastic Friday!
May 31 2017 - Bank Stocks Breaking Support May 31 2017 - Bank Stocks Breaking Support Bank stocks like WFC, GS, JPM broke support today and many others are still in 'Head & Shoulders patterns'.

The major indexes did rally off their lows and the VIX fell back off its highs to leave the bulls in charge of the short-term trend by day's end.

We also discuss PANW, DG, WYNN, TWTR, TLT, IBB and more.

Have a great day!
May 30 2017 - AMZN Hits $1000, TWTR Gets Positive Comments May 30 2017 - AMZN Hits $1000, TWTR Gets Positive Comments AMZN tagged the $1,000 level intraday and TWTR received some positive press from former Microsoft CEO Steve Ballmer, after the market closed. We're watching the $20-level as a key breakout area.

We also discuss UPS, XLE, XLF, XOP, FXI, TLT, CSCO, DG, WYNN and more.

Have a great day!
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!
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