I caught myself ready to knee jerk react to the moves we saw last week. But I took a step back, wiped every indicator off my charts and took all of the noise out of the equation. The result was exactly the clarity I was looking for. It helped me lock in a plan for this week.
Again, I think I am giving away too much by sharing this overview I send to my subscribers but this is very powerful.
By looking at these naked charts I was able to spot new insight into the gap down, drop down moves we saw last week. I also looked through a number of tickers that confirmed my suspicion. Take a look.
The fact that there isn’t a compelling case that last week’s move created a bottom is critical to know heading into this week and upcoming earnings for a couple of the MAG 7. It is what you need to frame your trades and it is a strong message on how quick you need to react when you get into positions this week.
This was a wealth of analysis but it shows why these daily updates are so important. I am going to be keep the folks who subscribe locked in this week and will update daily. It is just a buck, for cryin out loud, to give it a shot. Here’s the link.
Thanks,
Joe
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