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TheoNight Report - for Tuesday, February 6, 2024 by Gianni Di Poce - These Are the Charts You Need to See Today
Markets are starting to come off their recent all-time highs, but it's the tech-heavy NASDAQ that's actually the most concerning right now. Tech, which led the markets last week, is starting to give up its leadership position, with chipmakers like Nvidia and AMD coming under pressure.
With that said, a lot of the intermarket signals we look at are in fact positive, at least in the short-term. It wouldn't be surprising to see stocks notch one more run at all-time highs before the bears come out in force.
It's a complicated market, no question; there are just as many opportunities as there are potential pitfalls. So let's take a look at what the charts are telling us…
Click here to watch the video
Free Report: How to Use the Expected Move Indicator
Indicators are a trader's bread and butter. Their quality, their usefulness, and their accuracy can make - or break - all kinds of trades. In this classic video, you'll learn all about one of the most powerful. Watch here…
Brandon Chapman - Let's Take a Closer Look at Apple
Apple is one of the most popular stocks on the market - and it's among the most valuable companies on the planet. But what does its bottom line tell us? What's the stock saying? Let's dive in…
Brandon Chapman, Cont'd - Why Citi Stock Dropped
Yes, a few Fed hacks spooked traders in the financial space. But bearish options activity can be a good predictor of which way a stock will go, too. Citi is the perfect example of that kind of fall. Watch…
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