Up Then Way Down
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Trying the Rollover Trade again Monday morning on the bell with the same rules and approach as this Thursday. That and a plan with levels to get things started for the early part of next week.
Plenty of news on the schedule for next week including CPI, PPI, Philly Fed & more. With that, I am watching the Dollar and Copper to see if they “trigger” as a show of hand for the next move. I’ll explain and give the levels in tonight’s market update.
The S&P 500 continued to rally for a third day today reaching resistance on strong buying. But buying this strong is often capitulatory.
Max pain is a concept that’s easy enough to agree with, but how do we know what that is? Let’s look at a few thoughts around it and how we may be able to make some cash with it into the witching expiration.
So much can happen in a day and after seeing SPX close just above 4000 I feel more confident in how I approached the morning. Let’s start tonight’s review there, and work our way into the plan for tomorrow.
After reaching oversold support and forming the minor low pattern, let’s follow up on the TSLA and ES futures daily charts to get into more detail about his pattern as well as how I manage risk.
One of the more intimidating aspects of daytrading is all the information we have to absorb with each 2-minute or 5-minute candle. In this video, I walk you through two easy to read layouts for fading support and resistance and for trend following.
In this video, we look at the big rally we had today after the big sell-off we had yesterday. The current market is very erratic and hard to predict so I continue to exercise caution. We have several big events coming up to take note of and be aware of and we discuss these and how they may impact the market.