Letting the Clearing Range Setup a Trade
Often traders feel compelled to trade right on the open, and in this video, I share why it’s often best to wait for the market to tip its hand.
Archives: Daily Videos
Bullish Chop and Patience
As the market waits for Santa, is there another factor in why certain sectors and indices will rally? I explain what that is and why in this video.
Trading Momentum on Hot IPOs: ABNB and AI
There’s been so much hype around new IPOs, and valuation completely aside, there is plenty of momentum to trade — especially in the options market. In this video, I am teaming up with Tammy Marshall, the Fibonacci Princess, and using her technical analysis along with mine. Check out the trades here.
Is Santa Claus Coming to Town?
We are entering the time frame of the famed ‘Santa Rally,’ and by the looks of today’s price action, traders are ready to buy dips and ride the S&Ps off into the sunset. While some large caps like GOOGL have been soft, there is plenty of opportunity in some more volatile names. Let’s look at ABNB, AI, SDC, CHGG, SPCE, AAPL, TSLA, and more.
Directional Bias and Trade Direction
In keeping with the “double green” on the broader indices as well as many key sectors, pullbacks such as the one this morning are NOT a shift in trend but a correction of the uptrend.
Market Pullback and Getting Opportunistic
This is an ongoing theme that has been in play since the beginning of November and that is to focus on the LONG side of the market and double greens. This applies intraday, end-of-day, and will continue to do so as long as the daily time frames has bullish structure.
Setup on SPCE. 12/22/2020
There is a great cluster of support on SPCE for a buy setup. Please be sure to wait for triggers.
Wild Swings In The NASDAQ
Not a dull week at all, pretty wild swings in TSLA and the Nasdaq in general. I’m eyeballing NFLX for a continuation, and keeping my eye on high short interest names that have hourly and complimentary daily squeezes on Squeeze Pro.
Is It Time To Throw On Some Hedges?
“To hedge or not to hedge, that IS the question”… right?
Well, if you look at the $PCALL and the $SKEW, today or early next week is a good time to go ahead and throw on some hedges, acting as insurance for a potential major pullback. I’d like to sell a deep in-the-money put credit spread on NFLX, as it’s really close to most recent highs and it’s not afraid to push into $600, so a cheap and defined risk trade I would entertain is a deep in-the-money put credit spread for a week or two out, just in case that happens. Remember, MRNA, W, CVNA, have decent short interest and so I still side to the long side based on those charts. Let’s come back Monday refreshed, and see how we open up!