Don’t try to pick tops; do this instead
The desire to pick a top in a market ripping higher is a popular and mostly ill-fated approach. But these three setups not only do not need an equities pullback, but would accelerate if there was one…
The desire to pick a top in a market ripping higher is a popular and mostly ill-fated approach. But these three setups not only do not need an equities pullback, but would accelerate if there was one…
We had an active daytrading session with NQ, MSFT, and yen. We’re also managing longer term buys in gold, bonds, and yen as well. In this video I explain why and how to best use the price triggers to enter the trades, or the daytrades if you want to use options for the entry instead.
In this video, we discuss the crazy swings we have had in the last 10 days over the virus scare and what the longer term implications might be. We discuss the S&P and look at levels and where we might go from here.
Revisiting the moves on these three markets since their respective setups. What’s working? What’s not? And what am I doing from here?
Putting risk above reward requires a certain market maturity, and the patience to play those pullbacks are rewarded when we know how to recognize the trends and then what retracements we will buy (or sell). The stock rocket continues higher as it often does after the State of the Union, but that doesn’t mean that there aren’t interesting buys in gold, bonds, and the yen.
This oversold rip has been on fire, with many megacap and high short interest tickers making big moves. Let’s talk about MSFT, AAPL, TSLA, PTON, and more.