Make a plan and work the plan! As I close out each day, I make a plan for the best case scenario, the worst case scenario, and the most likely case scenario. Our Tuesday afternoon plan for the overnight, followed by our plan for the open, both worked out quite well. Having mapped out our if this / then that scenarios allowed us to execute and initiate risk without the burden of second guessing. Check it out!
Looking at the NASDAQ and action at the Equator we have to ask is the pain trade for the shorts aka the short squeeze? Or is the bottom in?
In this video I walk through AAPL and talk about the Daily Chart as well as a longer term Weekly Setup using the True Low indicator. I discuss a few different trade ideas to consider as well as levels to watch on AAPL for timing on an entry.
With indices frustrating sellers and enthusiastic buyers ready for more, what are the trends that don’t require the uncertainty around the FOMC this week?
In today’s video I discuss both HSY and GOOGL. HSY is still hanging out near support with a recent True Low Signal and some squeezes setting up. I discuss a few different trade ideas to consider. I also walk through GOOGL and talk about levels to watch this week, as well as a potential longer term trade idea based off the True Low on the Weekly Chart.
Over the course of a few short days the SPX managed to stage a 7% rally. The natural question on the heels of such a move would be, Now what? This is the question that I am attempting to answer in tonight’s market update.
I’m really liking the looks of both Coffee and Nat Gas, but I simply cannot yet re-engage the Grains. Tonight I’d like to update a few favored ideas with specific target objectives while also urging caution regarding others, such as the grains.
Volatility came in a good deal during the March expiration. With this recent contraction are we near any kind of support? We’ll look to the Bollinger Bands for assistance in making that decision, along with thoughts on one of my favorite sentiment readings.
