Videos Archive

StockTock.com discusses the market action and what it means to our outlook. The market remains very vulnerable to a dramatic selloff. While the S&P was able to break above the triangle's trendline, it did not violate Elliot Wave Theory. As long as the S&P does not trade above $986, the pennant breakdown scenario remains on the table. Interestingly enough, the S&P closed above its 20-day moving average for the first time since September 19, which happened to mark the end of wave 2 of 3(3). The VIX may also be a 20MA support. Keep an open mind and focus first and foremost on risk management.

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StockTock.com discusses today's rally and what it might mean to the outlook. There is no shortage of opinions on this market and I want to emphasize that the only opinion that matters is the market's. If you keep an open mind and listen to the charts, you will make money regardless of which way the market goes. We look at the various scenarios that could play out and then simplify the whole thing down to one simple trendline.

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StockTock.com discusses today’s action and the beautiful head and shoulders pattern that played out. We speak very briefly and generally about the markets, our wave count, and how we are...

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StockTock.com discusses how to trade this market over the next several days. Elliot wave, pattern, volume, and psychological analysis all point to a bottom to wave 3(3) in the short-term. It's getting increasingly risky to be short the market and traders should be positioning themselves for the next move higher 3(4). The VIX is moving in 17 point increments and just broke out on Friday. Watch for a close near 87.15 to signal a reversal. The US dollar is soaring against other currencies. This is a trend that's very extended but I do not want to fight it.Gold looks bearish now on all timeframes. There is still no sign of a reversal in oil. Natural gas started falling earlier and faster than oil, so it might be a good leading indicator.

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In another two-for, StockTock.com discusses today's weakness and our outlook for the days and weeks ahead. I believe today's action was very revealing. We saw forced selling followed my strong volume buying at the close to save triangle support. Smart money is getting into this market in preparation for the counter-trend rally on the horizon. I check out some intraday charts for clues as to which stocks and sectors may lead the pending rally higher. The VIX had a volatile day as its October options expired. I wonder what the VIX on the VIX would have been today? I spend some time in today's video looking at a lesson learned from a deceiving inverse head and shoulders pattern this afternoon. Definitely some good takeaways there. I was so caught up with the Inverse H&S pattern, I forgot to consider that the 50MA on the ES 10-minute would serve as strong resistance. As extended as the US Dollar is, I am hesitant to fight the only bull market in town. The 60-minute chart looks healthy. Oil is so tempting to bottom-call, but there's just no sign of a reversal. I'm staying away. Same with gold - it will take an impressive reversal this week to save important long-term support levels. We look at ESZ8, VIX, WFC, XLF, XHB, IYR, GLD, GDX, OIH, EEM, QQQQ, AAPL, RIMM, USO, and UUP. Make sure you watch both videos!

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StockTock.com discusses today's action and what traders should be watching for in the days ahead. In the past two days, not much has changed from a technical perspective, but the bottom callers and talking heads appear more giddy than ever in regards to improvements in the credit markets. Elliot wave theory and these psychological indicators make me think one more flush lower is required. But I remain very flexible and will certainly participate in any rally above the triangle pattern's resistance. We look at the bull market in the US dollar (UUP). We also touch on SPY, Financials (XLF), Technology (QQQQ), Gold (GLD), Oil (USO), and the VIX.

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StockTock.com discusses today's rally and what to look for tomorrow. Price action trumps volume and needs to be respected. The S&P is right on important resistance. Tomorrow morning's action will be critical for determining the market's true direction and the Elliot Wave count. We also look at XLF, OIH, EEM, and the VIX. Before the bell, we will hear earnings from CAT and USB.

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StockTock.com discusses this phenomenal trading environment and how to take advantage of the market's giant swings. We use Elliot Wave analysis to anticipate the market's moves and touch on some trading strategies to play it. The VIX has been a very useful market indicator. We talk about how to use it to your advantage. The euro looks poised to gain on the US dollar. Gold looks vulnerable but remains above important support levels. If you have not joined our social network, StockTock Social, you are doing yourself a disservice as a trader. It is truly the best learning environment I have ever seen.

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StockTock.com discusses today's great daytrading action and what to expect tomorrow on Options Expiration Friday. We look at two tradable inverse head and shoulders patterns on today's intraday chart. We look at a longer-term chart of the Dow Jones Transports ($DJT) where I'm expecting more downside. There is a possible double bottom formation on the 6-month chart of the KBW Bank Sector Index ($BKX), but its too early to tell. And we look at the VIX and the possible double top formation that formed today. However, this is still likely Wave 3(3) and calling a bottom is a fool's errand. I expect more weakness and probably new lows early next week.

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StockTock.com discusses today's massive selloff. We update our Elliot Wave count. We analyze moving averages, volume, gaps, trendlines, and the VIX for guidance on where this market may go from here.

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