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Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities closed the week positive - the S&P 500 rose 0.8%, and the Nasdaq 100 rose 0.9%, but price mostly stayed between these purple lines. The market quickly dumped 3 different times though, and the S&P 500 fell as much as 1.8% over just 3 hours. In other words, we saw … [Read more...] about Weekly Update – December 22nd, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: We saw a surge in equities this week, namely thanks to Powell's FOMC press conference, which I'll get into. The S&P 500 rose 2.5%, and the Nasdaq 100 rose 3.4%. Powell Pivots from Inflation Policy, But Market Reacts Differently Over the past several years of elevated … [Read more...] about Weekly Update – December 15th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: And while the indices advanced, the gain was quite trivial. The S&P 500 is up 0.2% this week, while the Nasdaq 100 is up 0.5% this week. Market Makers Trapping Bulls & Bears And although the indices didn't move up much, there was actually a fair bit of action in … [Read more...] about Weekly Update – December 8th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: The breakdown I was worried about nearly happened on Thursday, as I wrote on Slack at 10:54am PST. For the S&P 500 futures $ES, this 4,556ish level has been a big line in the sand. I think it has been tested/breached at least 16 times, and today may finally be the day it keels … [Read more...] about Weekly Update – December 1st, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: This was a low volume week given Thanksgiving, and the S&P 500 advanced 1%. Most impressive was the number of net highs that occurred throughout the week, which is bullish longer term. Small caps started outperforming 2 weeks ago, and the longer term bull thesis hinges on … [Read more...] about Weekly Update – November 24th, 2023