Tasting the New High
For How Long? The S&P, Nasdaq, and Dow reached for another new high today, but we have a low put/call and VIX, which typically indicate it’s time for a breather. Let’s look at AMD, MSFT, NFLX, WMT, TGT, and more.
For How Long? The S&P, Nasdaq, and Dow reached for another new high today, but we have a low put/call and VIX, which typically indicate it’s time for a breather. Let’s look at AMD, MSFT, NFLX, WMT, TGT, and more.
Crude oil, the Euro, beans… our alerts are firing off and it’s time to look at the timing around these setups. Also, I take a deep dive into this morning’s daytrade setups.
One of my favorite ways to trade the last couple months of the year is to shorten the time frames and daytrade. In this video I walk you through the NQ short (we shorted all four indices today) and how the entry makes the difference as to how many and which targets can be considered.
Tired of trying to pick a direction in your favorite stocks? Earnings presents a unique opportunity 4 times a year, and there are 2 names worth looking at as we get into next week.
Stocks closed the week on a bullish note, and I think we’ve got some room to run. Select names should be better than the broad indexes, but the path of least resistance is higher, and that’s where I’ll be focusing in the weeks ahead.
As the NQ and ES reach ATH levels (again) the question is how and when to position long and also short. What are the names to watch and how can a trader manage both bullish and bearish outcomes?
Looking at the market from the viewpoint of Relative Out Performers (ROP) that are bearish and bullish makes for flexibility and the ability to be both long and short a market but tactical about which names. It’s an important part of the multi-chart scans I do with members each day, and here’s the current breakdown of those scans.