Daytrading Entry Levels to Consider
Aggro vs. Conservative. Breach/Retreat vs. VScore. Which are the levels we need to use for the next couple weeks into the election?
Aggro vs. Conservative. Breach/Retreat vs. VScore. Which are the levels we need to use for the next couple weeks into the election?
There is a lot of uncertainty in this market, and there is only one way to trade uncertainty.
Some of my favorite “trading” books are books about being a baseball hitter. What do elite hitters know? Their pitch! They know what they want to swing the bat at. This is the same for traders.
Despite vaccine, stimulus, and election narratives, I will continue to “respect the trend that was” in the YM, RTY, and ES. However let’s make a little shift in the NQ and focus on the relative outperforming sectors to stick with to the upside using the sector ETFs. Here’s how to do it.
The market was down today, but there are still clear winners out there, which I can easily identify using Phoenix. Let’s talk about PTON, CHGG, and W.
The indexes were soft today, and with impending stimulus news along with an election, I can’t say I’m surprised. However, there is still a ton of opportunity in the market. Let’s look at MSFT, TSLA, PENN, AMD, ADBE, and more.
On a day like today — where the indices grind lower — being able to shift to the relative outperforming sectors offers an EDGE.
I love lemonade and I especially like to make it on a day that the market is pulling back. Sector analysis has never been more important and add to that the way I find relative outperformance, and there is plenty to love about a down day when you know where to look.