Hello SpikeTraders,The S&P 500 closed marginally lower today after having its best month since 2020. The Nasdaq also closed marginally after rallying as much as 1.1%. All three major indexes traded in choppy trading today. Let’s look at the charts..
.png)
Hello SpikeTraders,Today the market opened flat, dropped a bit on unfavorable economic news but then turned and rallied to a new high since June. Let’s take a look at our charts…
.png)
Hello SpikeTraders,I borrowed this headline from last night’s NHNL text by Kerry. Today the market exploded in a rally: up 436 points for the Dow, 138 for the Nasdaq, 103 for the S&P.Reminder: the rest of this evening and maybe early tomorrow morning is the last time you can view our latest Password class for free (the recording is in the Video Vault, on the Education tab).Well, let’s turn to our charts…
Hello SpikeTraders,Markets pulled back today, with all three major indices closing lower. Profit warnings by Walmart put pressure on retail stocks, and weak consumer confidence data help stoke fears about an impending recession. It is not the news in itself that is important but the reaction to the news. Let’s look at the charts…
Hello SpikeTraders,Markets traded mixed and mostly in a choppy action today and did not leave us any additional clues after today. Let’s look at the charts…
.png)
Hello SpikeTraders,This morning it appeared that bulls had lost their leadership drive. Well, let’s take a look at our charts.
.png)
Hello SpikeTraders,Kerry’s latest Password class is now in Video Vault – enjoy. There is a couple of other announcements at the bottom of this letter.Let’s take a look at our charts…
Hello SpikeTraders,Markets did the opposite of yesterday, this gapping up and trending higher remainder of the day closing at the highs. As noted yesterday, demand had to show up quickly and make a run at the +1-ATR channel. That action occurred today. Let’s look at the charts…
Hello SpikeTraders,The recent Password class is now upload into the Video Vault. I reviewed a few past trades showing tools that were taught in previous password classes.Markets had a gap and crap type of day, with markets gapping up at the open then traded lower remainder of the day and closing at its lows. Apple news hit the wires indicating the company would be trimming back hiring and reducing spending in preparation for a potential recession. More companies are likely to follow and this sort of becomes a self fulfilling prophecy. The markets have already been pricing in a recession the question becomes how deep of one will we encounter. Let’s look at the charts…
Hello SpikeTraders,I look forward to seeing many of you online shortly as we have our 56th Password class. I will cover a few trades featuring tools taught in previous password classes. See you online soon.The markets opened lower but then rallied most of the day, closing near their highs. The Dow closed down 142 points as the S&P500 rallied back near the 3800 level. Let’s look at the charts…