Does the rally continue here or not?
Let’s look at the crazy move higher we have had in the overall market, hitting many new all time highs. Will this continue or fail from these lofty levels?
Let’s look at the crazy move higher we have had in the overall market, hitting many new all time highs. Will this continue or fail from these lofty levels?
If you are ready to take this seriously, make sure you have the best platform and tools.
As the saying goes, the money is made in the waiting and the sitting.
With bullish Directional Bias, there is little reason to look to the downside for trade entries. Sticking with the intraday longs continue to be the high percentage trade.
With a very good day of daytrading done by 11 AM ET, I turn to the uptrends in many futures contracts that we can trade. I share what, where, and how in this update.
The market is in heady territory and we need to be vigilant for a change, but we are also seeing solid setups in specific stocks. Let’s take a look at PTON, NFLX, and NOW.
SPX is showing ideal trend and structure, but is also a stone’s throw away from statistical resistance on most timeframes. This may limit the upside in the indexes directly, but underneath the market we are seeing individual stocks perform well. Let’s dive in and review the index pattern, where it has room, and some specific stocks that look poised for growth.
The price action the first 30-minutes after the bell will set the tone for volatility, breakouts, and for RISK. Here’s what we knew 30-minutes after the bell.
An anchored VWAP is key to using this tool in the best and I anchor ALL my volume-based tools. There are two ways to be aware of: Time and Date. Time is for intraday charts. And dates are for the daily or “end of day” chart.