An XLV Setup now, and the Bond trade that triggered.
Today’s sell-off in healthcare offered a way to grab a piece of the S&P while that setup we spoke about just last week in bonds has triggered and is following through.
Today’s sell-off in healthcare offered a way to grab a piece of the S&P while that setup we spoke about just last week in bonds has triggered and is following through.
Gold hit a target better than I expected, bonds followed through on the minor low, and crude is stalling a bit, but we have already scaled out, so we can relax with a breakeven stop. I also discuss today’s daytrading entries.
Traders love “big round numbers,” and the 30,000 Dow print continues edging ever closer. AAPL isn’t as key anymore, but these two names should help carry the index into this psychological price target.
The S&P made another new high on Tuesday while waiting on the Dow and Russell to catch up. Buying the broad market isn’t something I’d do here, but if you know the individual stocks to focus on (like PTON) you can still make a great run in this bull market.
Zoom has been one of the hottest stocks of the year, and after reporting earnings after the close today, it is flying sky high, more than twice the move market makers priced in. Check out how Danielle traded the report, along with how to trade it tomorrow, here.
The S&P has been lackluster, but there are a multitude of setups due to the TSLA and AAPL stock splits, along with many short squeezes and COVID ticker rallies. Let’s look at PTON, CHWY, QTWO, NVTA, CVNA, SPOT, SHOP, and more.
With gold going neutral in an overall bullish trend, silver is keeping its bullish structure. But the risk in silver’s volatility can be a bit too much for some; here’s an alternative play in SLV.
Some interesting daily time frame setups are forming. Here’s what is on my longer-term radar.
In tonight’s free video we’re updating a running favorite and adding two new picks that’ll be worth considering over the next 3 months.