Strong Rallies and Short Time Frames
Is the market overbought? Remember that uptrends are inherently a market of imbalance: Lots of demand and little supply in the most basic sense. If you are concerned about a pullback, shorten the time frame.
Is the market overbought? Remember that uptrends are inherently a market of imbalance: Lots of demand and little supply in the most basic sense. If you are concerned about a pullback, shorten the time frame.
Trends correct. Just not when everyone is expecting them to. The more chatter about a move lower, the less likely it is to happen. So in the meantime, we shorten the timeframe and look to jump in on the rally.
CRWD has moved so much already, but I still think there is more juice in it, and in fact I think it’s ready to go. Let’s look at the overall setup, along with a few key ways to trade it.
Another day, another new, all-time high. Next target in the S&P is 4000. While the market maintains its bullish tone, whether or not the S&P goes directly there is another question. Additionally, this week, we have another full earnings week, with NET, YETI, LYFT, DIS, and more on the docket. In addition, there are plenty of directional trades on my list, including BLNK, OPEN, and CRWD, to name a few. Let’s break it down.
Here are the targets on the Daily and 120 minutes charts. Remember, many moves tend to terminate at extensions. Have a great evening everyone!
What are the criteria I need to see? It’s not the primary focus but when I can check certain boxes, there may be an opportunity. Here’s what I look for…
Today I walk you through the Weekly Watchlist as well as the trends on my Radar, and how we traded the close and what to look for before you enter trades the last hour of the day.
We are seeing a setup in CHWY that has great structure, momentum, and trend. The stock also has high short interest which could propel it to a new all time high, let’s check it out.
There are broad strokes we can make in this market with the reflation trade on… here’s what’s on my watchlist.