Snug in the Sun
Last week we looked at CHWY for a move and we got paid today. Next week I am looking at the highest quality solar names to make a move, specifically ENPH, let’s review the setup ahead of the long weekend.
Last week we looked at CHWY for a move and we got paid today. Next week I am looking at the highest quality solar names to make a move, specifically ENPH, let’s review the setup ahead of the long weekend.
Being a discerning daytrader means knowing when NOT to trade and waiting for your pitch. Here are the pitches I look for in the morning session and levels that we can trade from.
Here are the targets and projections on the Daily and 120 minute charts… Be sure to trail up your stops because many moves tend to terminate at extensions.
We are seeing strong alignment going into next week between the cash, futures, and FANG markets. I have to admit the alignment is spooky positive, but we also want to stay on guard due to seasonality of mid-February historically. Let’s review the indexes and some stocks that have quality setups after the long weekend.
Whether it’s the Directional Bias of daytrades or the markets that are benefitting from the reflation environment, the trends that are doing well may not be in the more “popular” markets.
Today I discuss a larger time frame view of the overall markets and discuss buying names that we typically love trading, whether because it may have short interest above 20% and/or is in a Squeeze. Specifically I give you my take on ZM, CHWY, and more.
Today I discuss a larger time frame view of the overall markets and discuss buying names that we typically love trading, whether because it may have short interest above 20% and/or is in a Squeeze. Specifically I give you my take on ZM, CHWY, and more.
“Pay yourself while you can, not when you have to:” This is the philosophy I use to handle my profit taking. Here’s an example from this morning’s NQ daytrade.