Two Plans for this Market
Whether short or long-term, whether trending or chop, these two plans can set us up for summer and it involves a plan for trend following and one for trading with a much more nimble approach.
Whether short or long-term, whether trending or chop, these two plans can set us up for summer and it involves a plan for trend following and one for trading with a much more nimble approach.
There are trends that are on the cusp of following through and we have a new group of names that are trending with the macroeconomic data and central bank messaging. That is the focus as we head into June and the focus of this update.
As of today, AMZN is trading at the split-adjusted price. Google tried to make a go for higher prices today, and ended up stronger than most of its other tech peers. Let’s take a look at both and I’ll show you where I’m eyeing some potential opportunities.
When June hits, the market can get stagnant. But, in great news, that means that setups are consolidating as we speak. Let’s look at MSFT, AAPL, TSLA, AMZN, GOOGL, and more.
Tired of the SPX still chopping the same range? I am. Let’s see if we can lay out a plan for a trade out of the range with targets on both sides and a caution zone in the middle.
In Friday’s video we talked about what AMZN might look like after it traded split adjusted. This evening we review important levels now that the split has completed.
Not much has changed since our last update but let’s take a look at what we do and don’t like about a few tickers. Honestly I think I am most excited about Corn though.
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.
Inside week on the indexes doesn’t give a lot of clues, but there were some improvements in structure from the outside in. The bulls still want 4300 SPX, so let’s review what they have and what the bears want to take back.