Month: July 2022

Tomorrow begins a new month and another week of earnings for a large portion of the S&P 500 stocks. There is still a lot of negative news and trends out here in the stock market world and it makes the best traders nervous. Let’s take a look at volatility, Oil, and our charts and begin…

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Wow, what a month July turned out to be. Did it catch us off guard? No, it did not. I will show a series of charts that demonstrate the mechanics of taking the right move. Always have a reason to get in and always, always have a reason to get out and stick to it.…

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Tomorrow is the last trading day for July. This is where we tweak our setup going into the next month if we have a move left. I have one move left, so is there a move to make? Let’s review our charts.

So what happens next week? We have a squeezing wedge happening on two charts and they are technically happening during moderate downtrends. I made a move last week that is by all accounts a high-risk move, but I made it for a reason without emotion. I also set my bailout point and now we see…

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That was a little of a slap in the face but overall great week for the market.

You know anytime I get in or get out, I have to have a reason. So, below is the new S&P chart marked up and cleaned up.

The market has been bouncing around all morning, but one level is holding.

Here are the moves for Thursday, 7/20/2022

Today was awesome. But now it is time to look at two charts and talk about moves.

The markets are sending out signals that at times are a bit confusing and at times a bit frustrating. Every single time the market appears to be bottoming, levels fail, and the markets sink. But in the same breath, for the month of July, the S&P 500 and Small Cap are actually up. CPI is…

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