Update on Gold 2/8/2021
We went through resistance on the Gold 15 minute chart yesterday, so now I have resistance on a 30 minute chart. Have a wonderful weekend!
We went through resistance on the Gold 15 minute chart yesterday, so now I have resistance on a 30 minute chart. Have a wonderful weekend!
Last week we saw the markets take a serious hit to their structure, this week we saw those structures be rebuilt and then some. Very impressive, but I still think caution near a major Fireline is warranted. Let’s review the markets and look at some sectors and stocks that are in play.
How do we keep our focus on the key setups and patience. I share how I came to find that balance in my trading.
This week, I’ve been largely focused on earnings. Today, after the bell, we saw reports from PINS, SNAP and PTON along with ATVI. Let’s look at the results, along with some of my favorite swing setups in BLNK, PLUG and more.
After the bullish move in ATVI today after the close, I have my eye set on TTWO and a couple potential earnings trades. Let’s look at three ways to trade this ticker for the report. Also, if you’d like to learn more about how I trade earnings, join me and Landon Swan, co-founder of Likefolio, on February 18th at 7pm where we discuss our favorite earnings edge. Click on the link to sign up! php8.simplerdev.com/wave.
There is a lot to like with the reflation environment the market is in. Let’s stick with bullish setups and focus on the best uptrends.
The dollar has been rallying and while there is talk about the future direction of the greenback, you have to trade it against other currencies and that is where the trade clarity is…
We have setups for a short in dollar futures, but it is somewhat countertrend. Your risk is defined but wait for triggers if you want to short.