Longer-term time horizons and trends
While there is some fear about lower lows, trends on daily and weekly time frames are still intact. Trading and portfolio building are not that different.
While there is some fear about lower lows, trends on daily and weekly time frames are still intact. Trading and portfolio building are not that different.
With today’s pullback, two of my favorite cyber security names are setting up again. Let’s look at NET and CRWD and talk about some investments and trades.
The indexes normally pullback around FAANG earnings time, though this time they got a bit of a head start — prior to earnings. That means we are already experiencing volatility and haven’t even begun getting through reports from the likes of NFLX, TSLA, DHI and more. I am focusing on identifying pullback buys for a run into earnings, trading earnings, and picking up stocks on this pullback. Check it out in the video.
IF we are going to see a rally from the Monday sell-off/retracement then there are some key levels and patterns I am looking for. Here are the scenarios… including sectors to watch.
Buying weakness is not what “buying the dip” is and doing so will get you into trouble. The sellers finally got their bearish day and I am happy for them because it tees up our “bluelight specials” in healthy trends.
NFLX is a royal setup with a nice pullback zone of support. It has triggered on the 5 minute.
Check out this week’s video to find out which sectors held up this week, who got crushed, and what still looks promising. The technology sector has been leading the markets higher to new all-time highs this week and ended the week slightly lower, signaling for a potential flush down to the 21 exponential moving average. Is there more downside to come?
After the markets moved back and forth and pushed to new all-time highs, we ended the week slightly lower. We’re seeing some potential signs setting up for a pullback to the daily 21 exponential moving average. Which sectors should we focus on for clean trades?