Stocks ripped higher from the Bell. While I normally like to look for the clearing range trade to play breakouts, there was another opportunity in the first 30-minutes. It’s a specific pattern, but once it confirms, it opens up more and aggressive possibilities for momentum plays. For slow or unreliable internet connections: Download Audio-Only MP3
We’ve got some nice profits here and are positioned nicely for monthly expiration. Just beware of this for next week. For slow or unreliable internet connections: Download Audio-Only MP3
As the daily time frames teased a potential top, it’s the intraday 60-minute and 5-minute trades that setup the plays pre-market and after the clearing. Here’s the step-by-step on the patterns and the trades. For slow or unreliable internet connections: Download Audio-Only MP3
The S&P is a very promising seasonal setup for May. There are levels that are in play intraday as well as seasonal reasons that the S&P is a more consistent “sell May and go away” candidate. Know how to confirm these trades without getting run over. For slow or unreliable internet connections: Download Audio-Only MP3
The S&P was strong last week, cleared those highs today, and there is a case to be made for another leg higher. And as much as I enjoy trading the indexes, it’s always nice to have a few honey badgers on-board and we’ve got two to review tonight. For slow or unreliable internet connections: Download … Read more
Friday rounded out the week on a bullish note and while we are extended there is a case to be made for another push higher. Tonight we review our swing setups, a few earnings reviews, and the plan for next week’s expiration. For slow or unreliable internet connections: Download Audio-Only MP3
It’s the chop traders. And it’s the levels we’re at. It’s another reason to keep it short-term and nimble on setups. For slow or unreliable internet connections: Download Audio-Only MP3
Stock indexes saw some nice continuation higher on Thursday, but we have started to come into resistance. These are the levels I’ll be watching Friday, and how I’m managing my positions inside that. For slow or unreliable internet connections: Download Audio-Only MP3
The morning was a great one that set up a trend that was in full force for most of the day, with early decisions about which direction to trade the market (we were looking for nothing buys) and how those buys needed to set up. I also share where to get the checklists for the … Read more