Searching for Direction
In this video, we discuss the very extended move up to SPX 3100 and why we can’t seem to get past that level.
In this video, we discuss the very extended move up to SPX 3100 and why we can’t seem to get past that level.
XLY is consolidating on multiple time frames, and we have major earnings reports coming up in WMT, HD, and TGT. Let’s talk about some options for long term accounts, along with potential pre-earnings and earnings trades.
The market has been extended, but today it showed the first signs of pulling back. Let’s talk about the signals, and what to do when they become more clear.
The NASDAQ futures formed an excellent pattern that we look for each morning. In this case the volume, direction, and Propulsion lined up for a buy. Learn this pattern. It repeats and is a bread and butter setup for daytrading futures indices.
The morning daytrades are an excellent way to stay nimble as the economy and “stockonomy” are telling two very different stories. Hit the reset button and start again fresh the next day. However, there are many setups that we are still in on daily time frames in bonds, gold, crude, Russell, XLP, XLY, and more.
Welcome to monthly expiration, where the name of the game is the grind.
Think of this week as the week of potential huge reversals in this asset class.