What TheChartGuys said in this video:
- Market Breadthneutralshort-termThe market has swung all year between semis/memory and the broadening sectors; the host is watching for a temporary swing back toward semis over the next couple of weeks while watching equal weight for a weekly lower high.Source
- SPYbearishshort-termWith the S&P 500 losing the weekly EMA 12 guide, the host discloses an SPXS hedge, sold his HSA equity exposure, and is day trading mostly short — clearly defensive near term.Source
- SPYneutrallong-termThe host has no urge to sell his long-term no-touch SPY because it is already protected by the hedge — a hold, not a bullish call.Source
- Fed Policyneutralshort-termThe FOMC meets Wednesday with a 90% chance of no hike; the reaction will shape short-term market direction.Source
- Earningsneutralshort-termWith a heavy earnings slate, the host is not initiating new swing positions ahead of reports because earnings erode his edge unless a profit cushion exists.Source
- QQQneutralshort-termThe Nasdaq is weaker because semis are leading down; a daily support is being tested and even a hold could still shape a weekly head and shoulders.Source
- SMHneutralshort-termSMH's key support sits at 503; breaking it confirms a monthly downtrend, while a bounce needs a bullish FOMC reaction. The host has low conviction either way.Source
- Otherneutralshort-termFor memory (DRAM gauge), the question is whether bulls hold the low and form a two-week higher low; the host has made two break-even bounce attempts and is waiting for bulls to act.Source