11/16/2017 Morning Buzz - members only

"There are signs of buyers hesitation BUT markets ARE still dangerously bullish."

  • All weekly trades are winners. AAPL is hovering just above the coin flip level so I'd keep an eye on that.
  • Finally some green. Meanwhile “the dip” leaves us inches from the all time highs. The S&P #ES is +9 points. Today politicians will have a headline on taxes so I expect fireworks.
  • CSCO and WMT are rallying on earnings so those two help. Oil is down again back below where we believe the fundamentals should take it.
  • Earnings this week: CHART
  • Levels: 2433<S>2452<2456<2469<2475<2480>2489<2505>2532<10/25 Dip<2553<We are here>2590 (ALMOST there)> 2600+?
  • THINGS TO WATCH:
    • TRUMP: TAX REFORM? Thanksgiving milestone? Done by Christmas?
    • UK: Theresa May no-confidence vote?
    • YELLEN/RATES: QT (Bal sheet) Dec Fed Rate Hike? They said they won't surprise us.
    • TRUMP: Geopolitical risk? I assume worst case and make folio be ready.
    • TRUMP: Fiscal spending: Feds do not expect it til 2018.
    • Dec Debt Limit Deadline
    • Central Banks: BOE rate hike/BREXIT? ECB taper (Draghi)
    • TRUMP: HEALTHCARE (dead for now) Time line? Headline mode.
  • SECTORS: I don't necessarily update the charts every day
    • Gold Trading perfectly inside our range. Has a trend line to hold or dip.
    • OIL Saudi Arabia unrest. Upside risk is warranted. VERY TIGHT!!!
    • Banks Lost trend line and it could have more downside just from that..
    • Transports: #IYT failed at 175.9 fails = Full technical breakdown.
    • Mega-Tech Tight and move is coming.
    • Biotech: BIG correction happened. Technically in trouble. BIG Trump threat.
  • ACTIVE SETUPS: No change in open interest overnight

NOTES:

  • S&P e-mini older imp LEVELS
    • Recent: 2433ish > 2422ish > 2400 cluster > 2388ish cluster > 2340 ish.
    • >2214/19<, 2228, 2250, 2260/68, 2272/2278, 2292/95 (old battle ...
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11/15/2017 Recap - members only

Markets: opened down almost 1%. We knew where the important lines were. We drew the white box to mark it. Once it was lost, it triggered a technical bearish pattern that had 2540ish in its sight. The actual headline that ...

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11/10/2017 Recap - members only

HERE is the video recap (no write up today - all the details in the video)

HERE is the earnings schedule for next week.

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11/10/2017 Morning Buzz - members only

"There are signs of buyers hesitation BUT markets ARE still dangerously bullish."

  • Happy Veterans day!
  • Another 9pt dip open on the S&P #ES. Political headlines on corporate tax law is perhaps the lingering issue from yesterday’s malaise.
  • Second test ...
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11/09/2017 Morning Buzz - members only

"There are signs of buyers hesitation BUT markets ARE still dangerously bullish."

  • US markets are red -15 pts on the S&P #ES. No specific headline perhaps just a confluence of events including political unrest here and abroad. I reiterate my ...
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11/09/2017 Morning Buzz - members only

"There are signs of buyers hesitation BUT markets ARE still dangerously bullish."

  • US markets are red -15 pts on the S&P #ES. No specific headline perhaps just a confluence of events including political unrest here and abroad. I reiterate my ...
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11/08/2017 Recap - members only

Markets rallied .2% to .4% but the accomplishment is the fact that they turned the red pre-open action. The bears did nothing. chart

#S&P #ES e-minis: For a visual chart

#Small caps #IWM: Nice bounce today and looks good for ...

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11/08/2017 Morning Buzz - members only

"There are signs of buyers hesitation BUT markets ARE still dangerously bullish."

  • US markets are flattish red -3 pts on the S&P #ES. Maybe it’s a combination of N. Korea rhetoric, tax delay, or a dip in Oil. Even ...
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Lesson - Diagonal (and calendar)

11 minutes explaining how a diagonal works in options.

Also includes a real bet on SNAP.

Watch it HERE

Let me know if you have questions.

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11/07/2017 Morning Buzz - members only

"There are signs of buyers hesitation BUT markets ARE still dangerously bullish."

  • Asian markets are soaring, Europe and the US flattish (S&P #ES for a visual). Technically the S&P tightness resolved upside in our 2600 vs 2520.
  • OIL Is still ...
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11/06/2017 Recap - members only

Markets: rallied Monday +.2% ish. Most interesting is oil which is finally filling an old technical breakout. Here is how the markets looked at the close chart

#IWM: was +.4% in the am faded into the close) BUT at an ...

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Earnings preview with visual

Here is a snapshot of a few names reporting this week.

Remember that the short term reaction to those is binary. Meaning it's more gambling than investing regardless of the quality of the report.

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