In this video, we look at today’s price action and how the overall markets are trading. We look at the index levels and see that even though we are extended, we are still in a bullish uptrend, so we have to be careful at these levels. When do we need to start worrying and why? Also, we look at a lotto ticket earnings trade I set up in RH.
In this video, we look at today’s price action and how the overall markets are trading. We look at the index levels and see that even though we are extended, we are still in a bullish uptrend, so we have to be careful at these levels. We also talk about what we see in the next month or two with the markets.
The Dow is setting up for a buy, and while I am watching YM futures, this is valid for micro and ETF options as well: Choose your own adventure.
Lots to still like even though September is a bit choppy to start… the trends that were in place in August are resilient into this month and we want to stick with the trends that are working.
Never a dull moment with this current market…
With the expectations for a pullback continuing to grow, where are the “buy the dip” opportunities valid?
S&P and NASDAQ are stalling, bonds and gold sold off but are buyable, US dollar is rallying nicely against the Euro and Canadian dollar, and financials could look interesting. Lots to look at and let’s be patient.
Another week, another new high… let’s review some stock specific setups for next week that are aligned to play well in a bull market.
