Should We Trust the Monday Rally?
Sami explains why he is skeptical about Monday’s rally: Why he was surprised by the market’s rally Where Sami sees most of the overhead supply Why Monday’s gap could be a novice gap Why Sami wants to take profits on swing longs The big problem Sami sees with new swing longs
Continue Reading -->Can This Pig of a Market Fly?
Bears looked down the barrel of a loaded quarter-end rifle last week as fund managers put lipstick on a pig to save a bit of performance as the second half winds down. The question is can this pig fly further though the summer? Based on my big picture cycles, the next two weeks will answer […]
Continue Reading -->4 ETF’s I’m Watching Right Now
We have mostly green arrows around the world to extend last week’s gains. There’s not much out of the G7. China declared victory on the pandemic as the region keeps outperforming. There could be a ceasefire in Ukraine as Russia takes more territory. SPX futures are +16 giving upside follow-through to last week’s strength. The […]
Continue Reading -->Is the Bottom In?
One of the ways we define the near-term trend is by the 3-Day Chart. It turns up with 3 consecutive higher daily highs (intraday, not closing highs). It is not so much the turn-up of the 3-Day Chart in and of itself that tells the tale of the tape, but rather, the subsequent action. As […]
Continue Reading -->Coffee With Greta: All Eyes On Powell
DJIA Futures: -464, (-1.5%) SPX Futures: -64 (-1.7%) NASDAQ Futures: -208 (-1.8%) Good morning friends! Futures are lower as traders turn their focus back to the Fed and the looming possibility of a recession. A quick note that I will be out of the office tomorrow through Tuesday, June 28 so there will be no […]
Continue Reading -->50% Market Drop Ahead?
The S&P 500 officially entered a bear market last week with SPY and QQQ both in a bear market as well. Now Sami is predicting a 50% drop in the market! That would mean a long downtrend is ahead. Find out both the bullish and bearish trades he’s targeting this week. In this video, Sami explains: -Why he’s predicting […]
Continue Reading -->Coffee With Greta: Stocks Try To Recover From Brutal Sell-Off
DJIA Futures: +417 (+1.4%) SPX Futures: +58 (+1.6%) NASDAQ Futures: +182 (+1.6%) Good morning friends! Futures are rebounding after the market suffered its worst week since 2020. Let’s get right to it! Biden Considers Gas Tax Holiday President Biden told reporters Monday he is strongly considering a federal gas tax holiday. He said he could […]
Continue Reading -->Coffee With Greta: Stocks Jump As Volatility Continues
DJIA Futures: +212 (+0.7%) SPX Futures: +32 (+0.9%) NASDAQ Futures: +118 (+1.1%) Good morning friends! Futures are rebounding despite looming recession fears as volatility continues on Wall Street. A quick reminder the market will be closed in observance of Juneteenth on Monday, so there will be no Coffee With Greta that day. Let’s get right […]
Continue Reading -->Thelma & Louise & Jerry
“I got something to say that might cause you pain.” The Beatles X the Mona Lisa Twins It is a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man’s fears and the summit […]
Continue Reading -->Coffee With Greta: The Post-Fed Rally Collapses
Editor’s Note: Coffee With Greta is a FREE morning update from our newest contributor Greta Wall. Want to get it by email every day? Click here. ******** DJIA Futures: -461 (-1.5%) SPX Futures: -68 (-1.8%) NASDAQ Futures: -231 (-2%) Good morning friends! Futures are tumbling as the market gives up Wednesday’s post-Fed rally. Let’s get […]
Continue Reading -->