PTON has been under pressure for several weeks, but today saw a 3% gain while the Nasdaq struggled. If we get another bid tomorrow we could reach a level where consolidation would be your best bet. From there we can apply a strategy that should yield a modest, but consistent, profit over the next 3 days.
Voodoo Roadmaps are one of the most helpful tools I’ve added to my arsenal in some time. Not quite the Holy Grail, but they do provide what is usually a path of least resistance, and it’s worth updating as we dissect today’s decline.
Remember those books, they were some of my favorites. Little did I know that approach applies to trading. Here’s how the S&P created a “choose your own adventure” in futures and ETF options.
While September and October have seasonally indicated the potential for pronounced pullbacks, we focus on retracements before making the leap to reversals.
Where are the relative outperformers, Double Greens, and potential entries?
The market needs a reason; nothing happens without some shift or acceleration in sentiment then momentum. Here’s what could trigger some opportunities.
This is a counter trend setup, but your risk is defined. Be sure to wait for triggers. Setup + trigger = trade entry and then you manage.
The tech weighting has never been more important. What’s next for the NASDAQ is likely what’s next for the market.
These four markets continue to perform well for us and we want to stick to where the clarity is best. Let’s take a look at the next round of entries.
