Know when to hold ’em
Patience is a skill every daytrader needs and the reasons to be flat and sit on the sidelines are ones we need to be crystal clear about.
Patience is a skill every daytrader needs and the reasons to be flat and sit on the sidelines are ones we need to be crystal clear about.
In this video, we look at the crazy price action today and try to make heads or tails out of it. We dig into the important levels and look for clues to what may happen next. We also talk about upcoming events and how this may effect the market.
One of the most important tactics I use is “directional bias” in my daytrading. In this video I show you what it is and what tools I use to determine it.
It was a long-only morning of trades based on the directional bias of both the daily timeframe and the clearing range breach. However, the market was not as generous in terms of the number of setups. In this video I explain each.
Homebuilders remain strong, but which are the best to pick? Let’s look at XHB, LEN, KHB, and LOW.
The market is strengthening up, but it’s a few key tickers that are really leading the charge, so you have to be in the right ones. Let’s look at housing, including LOW, DHI, and KBH, along with semis including SMH, TSM, AMD, and NVDA, along with my favorite retail and short interest setups.
The calendar full of Fed speeches and the debate this evening is enough for traders to take a pause, and this could be an excellent opportunity.
The “grocery store” commodities are part of our future universe and sometimes can get overlooked. Currently there are some interesting trends and seasonals at play and some opportunities to keep an eye on.