As many know, I tend to place a variety of items on our Facebook Page; whereas, some material may not make it to the website; especially if it is revolving around something happening immediately in the stock market or a headline event. Nevertheless, I will be putting more emphasis into sending out content, through the website, surrounding potential technical chart alerts and setups with annotated charts. These items will not be your hyper frequency type of trade where you’re in one minute and out the next minute. Those are best handled through a chatroom environment, which we’ll use our discord application for intraday type communications.
Alerts for charts, in the near term, will be communicated to those with at least a Standard Membership via email (though the website). Those with Prime Memberships will be able to receive the same notification; however, this will also be communicated through our discord in more real-time, along with any intraday assessment, etc. I think many of these potential chart alerts and discussions will also be through Live Zoom Sessions during the week and weekends with Prime Members; whereas, it provides an opportunity for discussion and collaboration.
With that being said, as outline the other day in our YouTube post (found here) (Don’t forget to Like and Subscribe) we believe the market sentiment by the pundits on television pumping the stock market, calling bottoms, and setting out their own agendas through their comments are setting up retail traders for a surprise blitz to the downside.
Granted, the markets have had a solid counter trend the past few days; however, that doesn’t mean the market bottoms are in and it surely doesn’t mean the vulnerabilities to the stock market and global economies just goes away. You hear pundits saying, “The market is ahead of The Fed and is already looking at the middle of 2023” as if they know exactly what is going to happen next. Think about it — if all these smart experts knew “what was going to happen” and “when it is going to happen” and “what is coming next” without any degree of uncertainly don’t you believe they’d be sitting on a beach somewhere making millions with zero stress or risk; instead of being on television giving predictions and outcome for the next 5-20 years? Anyone can do that!
Okay, now let’s Segway into the charts for AAPL and NQ-Futures.
The last thing we will look at is the correlation between the NDX and AAPL. Now many people will say, “Hey, look how the stock is almost doing the exact same pattern” and it is important to keep in mind that stocks whom reside within a certain sector and index will all same similar patterns.