Tendencies are not trades and Seasonals are not setups. There were a lot of reasons to look for some resilience this session, but it just did not organize. What was the first clue? I walk you through a simple but powerful level to watch each day.
Stronger pullbacks make for great dips, as long as structure precedes strategy. Let’s take a look at what is moving this market.
Lovesac has some pretty comfy furniture, and a lot of people betting on the ticker trading lower. However, it has a great daily setup, earnings and high short interest. Here is a look at how I may trade it.
Today we saw more volatility than what we have seen in awhile, with high growth stocks, particularly names like NET, NVDA, SHOP, and more taking it to the chin. Will it continue into tomorrow? I’m watching for a few key factors that’ll tell me which way this could break. Let’s talk those tickers, along with NFLX, AMZN, MSFT, AAPL, and more.
Sure, not all Tuesday turn around, but the NASDAQ sell-off into the Monday close could present an interesting fade. Here’s the setup.
Monday’s close on a session that the 10-year yield continued to rise triggered some selling, but are the bulls still thinking about buying dip or turkey dinners?
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.
All tech stocks are created equal, but some are more equal than others. This is an important one, let’s dive in.
They have a lot more to do with one another than it may seem at a glance.
