Saturday Show For Week of October 2 2017

A weekly Saturday night financial show that attempts to predict market direction for the week ahead by looking at a variety of charts and technical indicators.

The big takeaway from last week’s trading is just how powerful the underlying bullish sentiment on Wall Street really is.
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Russell 2000 Market Prediction Update For 9-28-2017

The Russell 2000 crushed the market prediction path and exploded higher this week on Republican’s tax plan. The idea is that small cap stocks are mostly domestic companies that are less able to take advantage of tax loop-holes and so they are the companies that will benefit the most from tax cuts.
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Markets Outperform All Predictions This Week But Elevated Put Buying

Markets outperformed all of the predicted paths this week which really testifies to the bullish sentiment still prevalent in markets since Trump’s Presidential victory in November of 2016. The Parabolic SAR on the S&P 500 has even given a buy signal.
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I’m Hopelessly Addicted to Amazon Stock

I took a swing long position in Amazon stock today after the chart confirmed a candle over candle reversal. Folks I’m addicted to Amazon as a company as well as its stock.

If you watch the Saturday Show on YouTube then you know my wife has severe pancreatitis. She has been hospitalized since August 1, 2017. Amazon has made things better for my family. I needed to order special medical supplies for my wife and even electrolyte ice-pops that make it possible for her to absorb potassium through her mouth because she can’t hold down anything in her stomach. These items are such “specialty” items that it would be impossible to find these things locally.
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How SOXX Stock Can Get You Into Trouble Fast

SOXX stock scares me right now folks. Yes it had a big up day but one day does not a market make. I put the prediction odds at about 50% if SOXX goes higher or lower from here. I’m not convinced SOXX has bottomed for the weakest 6 months of the year and I’ll explain why.
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Vipshop Holdings Rising Large Players Volume

I bought some Vipshop Holdings stock in my personal trading account this morning. The relative strength is awesome. The Effective Volume study shows large players volume is in a strong uptrend.
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Semiconductor ETF SOXX at Critial Support Level Test

The semiconductor ETF SOXX is following the predicted downward move closely. SOXX is now at a critical support level at $151.50. I think it will likely break below the $151.50 support level.
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