A Plan for the Vol this Week
Major Earnings and the Employment Situation immediately ahead of us. Let’s look at the markets and levels that give us the clues, as well as some other trades that will likely move independently.
Major Earnings and the Employment Situation immediately ahead of us. Let’s look at the markets and levels that give us the clues, as well as some other trades that will likely move independently.
$AAPL and $TSLA are two mega-cap names which helped drive today’s bounce. The Voodoo Lines pinpointed the spot of last week’s lows in both these names. Let’s see what they tell us about whether we’ve seen a lasting low or just a brief relief rally?
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.
In this chop, knowing how to gauge chop and entering a position when you have an edge is key. I have a favorite indicator and strategy I use and I show how to set that up in different markets. The checklist requires patience but when you know specifically what you are looking for, it’s easier to wait for your pitch.
Investors were largely disappointed in Tesla this week, despite the record earnings report. I think this drop may present an opportunity, and will be following this pattern into next week.
January’s market action has been wild, and this week is no exception. What direction are we heading in and how long will it last? Plus, you’ll get a sneak peek into how I’m trading and where I’m finding setups.
In today’s video I discuss the big picture for next week, and we go into detail about why it makes sense to expect more lows.