Pete Renzulli
Author Archives: Pete Renzulli
Pete Renzulli
Gold Chart Continues Bullish Run | Retail Earnings Today
SPY ETF Chart 8.20.19 The SPY ETF has officially crossed into short-term bearish order flow. The 20 period simple moving average has closed below the 50 sma.However the stock market is primarily trading off daily news headlines causing the SPY to be stuck in a 10 point range.I don’t see a clear edge to build […]
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Trade War Intensifies Wall Streets New Obsession
Stocks Have Recovered for Now But Peril Lurks Ahead for MarketsAfter a tumultuous Monday, stocks appear to have shaken off some of the malaise that saw shares tumble from New York to Sydney. That doesn’t guarantee smooth sailing ahead. Everything from economic growth to bond-market signs and valuations is signaling there could still be trouble ahead […]
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Stock Market Collapse Creates Buying Opportunity
SPY 500 Heatmap 8.6.19 Traders library During times of stock market panic we get opportunity.Short-term news inflames volatility and those keeping their head get paid. Stock futures seem to have stabilized so I’m looking to bid for new trades today. Took a small loss on a SPY ETF long last week but plan to make […]
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Stock Market Continues Vicious Decline Amid Trade War News
SPY ETF Chart 8-5-19 The trend is your friend until the end when it bends…The market started to collapse and most traders were frozen. They couldn’t make a decision. Fortunes were lost in a very short period of time.The stock market stopped “going up every day…” and people were caught off guard unable to make […]
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Exxon Mobile and Chevron Earnings | SPY Swing Trade
SPY ETF Chart 8.2.19 The SPY ETF has declined after two failed breakouts and appears ready to open lower into the 50 SMA.Today’s jobs report and further news about tariffs should create an opening push lower off the opening price. This price action set sup one of my favorite trades. A Saturation Play.If price action […]
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