TG discusses how the market has been on a bullish streak for several weeks now and run into several overhead MA's that will probably be resistance. This doesn't mean that the market has to fall apart right away and head straight down, but we should be looking for signs of a pullback. He thinks that perhaps there will be a bounce after the pullback, but then we need to watch out for a trend reversal.
In this episode, TG goes through a few examples of how the market might continue before doing the 1 - 2 punch of a pullback and topping pattern. TG is seeing a ton of names that are in what he calls the Weekly Arch of the Foot, and therefore he is expecting those names to begin to pull back. If t...
In today's video TG reviews the major indexes and large-cap stocks which are in elevated areas that he's not comfortable putting new money to work on the long side. TG wants to see a pullback into support to see what the new opportunities will be. In the meantime, TG also reviews how some names a...
The market had the kitchen sink thrown at it this week and its closing on a high. In this episode TG discusses how he believes this is a strong test, for now, and how he could see SPY eventually reach its Monthly 10 SMA. He also dives into some of the FAANG stocks after earnings and touches on en...
