Pullback in RIOT. 6/4/2021
RIOT has 3 out of the 4 moving averages on the bullish side on the Daily, so I set up a pullback on the 30 minute chart. Your risk is defined, but please be cautious of resistance on the way up.
Archives: Daily Videos
Directional Bias and Daytrading
Looking at today’s gap down and looking for a buy may be daunting, but it’s high probability. In this video I explain the setup and why the daily timeframe is so important to daytraders.
Macro to Market Trends to Watch
Lots to like in the bigger picture from commodities to countries to metals. Here’s the breakdown.
A Few Paths to Consider
Thursday’s close didn’t offer much clarity on what we might see from Friday’s employment data. Most traders think in terms of “long or short”, but I think there’s a third possibility that we very much have to keep in mind.
Chopping Through June
For options traders, the 6/18 expiration we have coming up could be one of the most critical of the year. When you think about some of the nuances we tend to see around witching expirations, I think they fit into the current narrative rather well. Let’s look at that, and a few trades that may present some opportunities around it.
Knock on effect daytrading
One powerful way to find setups is to let one major market trigger and then look at what is in sync with that move. In the case of the Dow breach, crude oil set up a great trade.
Understanding and Measuring Rotation
Money follows attention and rotation shows us who and where the attention and money goes. Here’s how I track it and what is in play now.
Higher or Lower From Here?
In this video, we look at today’s price action as well as the charts to see if we can get a better read on the market. We are once again approaching the all time high and now we either keep going or fail. Which one will it be?
Make or Break Time
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Make or Break Time
In this video, we look at today’s price action as well as the charts to see if we can get a better read on the market. We are once again approaching the all time high and now we either keep going or fail. We have NFP on Friday which may tell us which way we go. We also look at charts for several ideas to consider in CMG, GNRC, TSCO, SNAP, and others.