Short Term or Swing
There’s two primary ways of thinking heading into Friday. Both have merit, but must be approached in the correct way to enhance your edge. Let’s discuss that with examples in NFLX and MCD.
There’s two primary ways of thinking heading into Friday. Both have merit, but must be approached in the correct way to enhance your edge. Let’s discuss that with examples in NFLX and MCD.
The June expiration has seen a fair amount of volatility but there are still patterns and setups out there that have been yielding excellent results. Let’s review that along with the plan into tomorrow.
How much and how effectively are you using your daily timeframe analysis in your daytrading? In this update I share how just one of my six different factors pointed to the NQ as the best buy today.
Reflation trades have deflated but there are trends to keep an eye on and overreaction to be measured as we head into the Triple Witching session.
With the much anticipated FED meeting out of the way, we have the answer to the big inflation question. We now know that the FED actually does see the inflation and supposedly rate hikes are coming down the road. What does this mean for the market and what to expect?
With the much anticipated FED meeting out of the way, we have the answer to the big inflation question. We now know that the FED actually does see the inflation we all see and supposedly rate hikes are coming down the road. We need to watch closely to see if this starts a black cloud over the markets or if we remain in BTD mode. We discuss what to watch for and I do give an idea for a downside hedge in the SPX.
The S&P and the NASDAQ are ready for some intraday trading after a “caution day”; the Dow is a mixed market between the short and longer timeframe. Daytrading the ES and NQ is what is on my Radar for tomorrow.
Did the FOMC break the overall uptrend in the S&P? Nope. I’d like to see some support in the reflation corners of the market like the Dow and Copper, but this meeting and presser should not derail the healthy trends in this market.