My Targets For SPY And QQQ This Week?
This is a simple setup. Let’s see if it gets traction tomorrow.
Archives: Daily Videos
How to Use the Initial Balance
Days like today, we started off and kept our bullish directional bias… and as important as that is, there is one more criteria we need to see met to stay bullish into the second half of the day. Here’s how to use Initial Balance to be better prepared for afternoon trades.
Is the Stimulus Bill a Sell?
We had days like this in ’08: Days of rips higher in an overall downtrend, and new lows that came after. The market anticipated the news of the bill being released today, likely, we’ll see it tomorrow and if/when the market rips higher, here is my gameplan…
Are you WORKing from home?
Most stocks are getting slammed in the coronavirus crash of 2020, but there are some honey badgers out there that are actually doing better in our current work from home environment. Let’s look at WORK, or Slack Technologies, and I’ll show you how I’m going to trade it.
Which Way Will We Break?
The S&P is currently sitting on support $2200, but it wouldn’t take much for it to break lower. Let’s look at lower levels of support, along with relative strength longs for coronavirus crash buys.
Short the Short Term Gold Move
While I am a longer-term gold bull, the move higher off the bottom of the Distribution market range could set up a (very) short term setup to the downside, but only if I see a specific setup.
Up or Down, a trend is a trend.
Up or Down, trends offer traders clarity. It’s the emotion and fear around downtrends that often paralyzes traders, but a trend is a trend and we are not lacking for opportunity.
Caution Days and Acting Early
Two things have made the difference when trading the ES and NQ during the morning sessions: Fading extreme levels in the VScore and trading early. The morning fades taken in the direction of yen flow continues to deliver, however, today was a perfect example of why we stay nimble and why quadruple witching can behave unpredictably.