Trend Setups in Grains, Energies, Currencies, and of course Silver
What are the trends we are watching for pullback “double green” buys? And is silver still a buy? Yes. I explain the setup, strike, and pattern in this video.
What are the trends we are watching for pullback “double green” buys? And is silver still a buy? Yes. I explain the setup, strike, and pattern in this video.
Stocks saw a big snap back on Monday, recovering some of what they lost last week. Is this the next leg higher or key resistance? At the very least, indexes should be getting ready to pause. This is one way I’m looking to take advantage of that.
As the saying goes, there’s always a bull market somewhere. The key is understanding what certain bullish markets can do to others and the ripple effect they may cause. We’ll start with that tonight and then get into individual equity picks.
Occasionally I will focus on a single, conservative setup, especially when volatility is high. It’s the VScore setup buy and here’s what it looked like this morning in the NQ.
While GME may have been part of what shook the market up last week, the trends are intact and the money supply continues to tick higher. Here’s what all that means, the breakdown of the indices, crude oil, silver and the US dollar.
Your risk is defined in OSTK, which is a royal setup, and it has triggered on a 15 for a swing trade.
We’re looking at DKNG for continuation into next week. The stock is holding trend and has squeezes on many timeframes. I like the fact that it can also be a honeybadger in this environment. We will need a trigger, so let’s review.
This week was one for the history books with the short squeeze dynamics between hedge funds and retail. The short squeezes and liquidations have broken a lot of levels this week; what trigger do we want to see for indexes to stabilize?