Consolidation
Looking back at the last few notes (Aug. 26, Aug. 29, and Sep. 3), the theme was always “Strength in Pause.”
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Sep 9: Daily Updates
The August Small Business Optimism Index came in at 100.8 vs 100.3 last month. Today the market focus is on Apple’s fall product launch. In recent years, new product announcements have not given much boost to the stock on the same day. Let’s see if the iPhone 17 brings any surprise this time. With no big macro news, the market keeps moving in a tight range near the highs. The S&P 500 only swung 25 points yesterday. Key intraday levels are the same as yesterday’s premarket note.
This Weekly's Key Event (Sep 8-12)
Only four S&P 500 companies will report earnings this week, including software giants ORCL, SNPS, and ADBE. The main focus will be on CPI and PPI inflation data. Key schedule:
Sep 5: Daily Updates
August nonfarm payrolls came in at 22K, far below market expectations of 78K and the previous figure of 79K. Since the revision of Aug 1 data, the quality of macro data has raised doubts in the market. The probability of a Fed rate cut this month has risen to 99%. Cuts are also expected in October and December. Stock indexes opened higher in pre-market and hit new record highs. Yields on 10Y/20Y Treasuries fell below yesterday’s key level and kept moving down.
Futures Market Weekly Analysis
The main index keeps moving in a high and volatile range. Stock index futures dropped sharply. Last week, TCS suggested shorting MNQ near 23,740 and shorting MES near 6,490, which helped hedge downside risk.
Sep 3: Daily Updates
On the first trading day of September, indexes opened much lower, but main indexes still held short-term key support. SPY dropped to around the suggested $635 level (actual low 634.92) and then rebounded. In pre-market, the gap was fully filled. If at the open SPY can move quickly above $643–644, bulls may regain control. The next target would be the previous high area. Below this zone, bears still hold the short-term advantage.
This Weekly's Key Event (Sep 1-5)
August trading has ended. After a panic sell-off and rebound in early April, the market closed higher for 4 straight months, with all three major indexes hitting new record highs.
Aug 29: Daily Updates
Last trading day of the month. The S&P 500 monthly chart is set for four straight green candles. The only question is how long the upper shadow will be. SPX opened this month at 6287, and yesterday it closed above 6500 for the first time. It is now up +162 points, or +2.56%. Nasdaq 100 is up +2.09% this month, Dow Jones 30 is up +3.41%, and Russell 2000 has surged +7.54%.
Strength in Pause: Why Consolidation Is Not Weakness but Opportunity
Today’s topic is very simple: Strength in Pause — the power of consolidation.
COIN: Key Retest in Value Zone, Setting Up for a New Move Higher
COIN has been the most asked-about stock recently. In several earlier video analyses, I kept stressing the 295–300 value zone. This area is a classic support–resistance flip zone and holds a large amount of institutional positions and capital. Because of that, it acts as an anchor level.
This Weekly's Key Event (Aug 25-29)
This week marks the end of August trading. Only 15 S&P 500 companies will report earnings, but the focus is on AI chip giant NVIDIA (NVDA). Chinese e-commerce leaders Alibaba (BABA) and Pinduoduo (PDD), as well as Canada’s five big banks (BMO, BNS, RY, TD, CM), will also release results.
Aug 21 Market Recap: Best Lesson from Chart Patterns
Today, QQQ formed a Doji. This shows market hesitation. The reason is clear: tomorrow is the Jackson Hole meeting. Before such big events, markets often move in a very uncertain way.
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