Pullbacks = Buys
For markets that are still Double Green, pullbacks will be the trade. This is going to apply to S&P, NASDAQ, Crude oil, Bonds, markets in which we have remained bullish.
Archives: Daily Videos
Where the buys are…
I scan the stronger symbols in this market as Powell is coming back for day two Thursday.
Setup in TTD. 7/15/2021
TTD is a royal setup and is having a pullback on the Daily. Be sure to watch for triggers. Remember — Setup + trigger = trade entry, and then you manage.
Themes, Divergences, And Problems … Oh My.
Are there times when you lifted up the hood to take a look, and you wished you would have left well enough alone?
Calendar events and catalysts for volatility
Today was a textbook example of the economic calendar and the importance it holds for traders. Three events are setting up significant moves and tomorrow will be no different.
This week could offer pullbacks
Sometimes the most bullish thing you can be is a short-term bear… and that’s the case this week as the market prepares for two days of Powell. Pullbacks are the opportunity and that is triggered by selling. Let’s root for the bears/sellers to give us a pullback within the Double Green markets.
How I will interpret the CPI release?
We don’t have to get in the weeds with data releases; this is broader strokes. Will traders and investors view a strong CPI as good for equities? Likely not. However, the reaction and the volatility should be considered within the context of the overall daily trend, which is still up.
Focusing on the “Double Green” Relative Outperformers
There are corners of this market that are trading in a uptrend. Get that right and the trades are clearer. Get that wrong and you’re fighting the trend. In this update we’ll discuss those indices, sectors, and stocks and how to build your watchlist as well as crude oil, bonds, gold, the US dollar, and yen.
Today’s NASDAQ Daytrade and this week’s calendar
The NASDAQ gave us a nice gap up fade setup today, and sticking with the Directional Bias, we got long… on the bell? No way! I explain how to track and trade gap opens. We also have a very busy week with Fed members speaking and Powell testifying before the Senate on Wednesday and Thursday — lots to keep an eye on this week as we head into options expiration Friday.