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NorthmanTrader

Markets – Macro – Stocks – Charts – Alerts – SetUps

Weekend Charts: Bounce, Now What?

‘Keep it simple stupid’ (KISS) Mella always tells me, especially the stupid part 🙂 Hey, turns out you can teach an old dog new tricks. The simple part of the equation over the past 2 weeks was to listen to the oversold readings and wait for the bounce to unfold. Last weekend we discussed the double bottom scenario and its likely implications: “Should the current double bottom on the $ES […]

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Fed Watch

Oh I love Fed chatter. Always provides an opportunity to read between the lines. Fed minutes aside what do you really think? Here’s a string of headlines that came across today, and you tell me, how confident are these guys: “Fed’s Kaplan: Bulk Of Impact From Tax Cut To Be Felt In 2018 KAPLAN SAYS U.S. MAY NEED TO MORE ACTIVELY CONSIDER WAYS TO REDUCE U.S. GOVERNMENT DEBT GROWTH FED’S […]

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MA Rejects

In Weekend Charts I talked about the 21MA rejection we witnessed on $SPX on Friday. Looking at today’s market action we see a divergent market with $NDX green and the rest of the market struggling as internals are decidedly negative. A quick glance at major index charts shows that the $SPX is not the only index to struggle with key moving averages (MAs). As long as these MA’s are not […]

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KISS Set-Up: $RUT

Welcome to KISS Set-Ups. In this section of the site we post examples of closed Conviction SetUps as provided for members in real time on Mella’s SetUp Stream utilizing her KISS methodology. Active Set-Ups are posted in the member area only. To view other closed Conviction Set-Ups please visit: KISS SetUps. Please refer to the following link for further background: Conviction SetUps. For further information on how to gain access to […]

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The Writing on the Wall

Many times people’s eyes glaze over when it comes to macro analysis and I get it. Macro analysis is by definition: Macro. It’s like watching a glacier melt and it only becomes of concern when the glacier structure collapses and you just happen to be in front of it. And then everybody says: Nobody could’ve seen it coming. Yet following the macro pieces is so incredibly important and I continuously […]

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