Is Energy Dead? — (Plus how algos are manipulating this market)

Plus —► Don Yocham: "Short this investment stock."

Kick off 2023 With The Critical Insights You Need! Click To Join us LIVE on Ask The Pros today at 12 Noon!

When the broad market had a seasonal tendency to move up in mid-December, it moved sideways – and still is. This 30-minute chart (above) of the S&P 500 shows the entire range. By the way, Santa Clause did rally (Dec 23 – Jan 4) though only slightly. The long red arrow moving down on the right half of the chart represents our move from the Year Open gap up through 7:00 AM ET today. Take a look. The red arrow next to the long green candle represents the futures reaction to the employment news as I type. Yes, that's right. The days are full of excitement – and opportunities! Join me today at 12pm Eastern on Ask The Pros for a full discussion.

Is energy DEAD?! How algos are steering the market right now! Deep dive into momentum ETF levels — and what to expect next! Click Here To Watch Now!

My pivot on the ES (S&P 500 futures) today is 3845. The 3-day algo range is now established with a 3906 high and 3814 low. We had a trend changing number at 8:30am Eastern with the Nonfarm Payrolls. Be sure to watch my TBUZ TV this morning by clicking here. Click to get today's Pre-Market Planner Numbers here. ~ TBUZ

Continued labor strength is going to mean the Fed continues to hike rates aggressively. In turn, higher rates will mean lower stock valuations… which in turn gives us a great short opportunity… Click Here To Get Today's FREE Pick!

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