2 Ways of Thinking
Into next week I’ve got two primary ways of thinking. One fits my bullish stocks with an outlook into June. The other is less directional with a focus on monthly expiration.
Into next week I’ve got two primary ways of thinking. One fits my bullish stocks with an outlook into June. The other is less directional with a focus on monthly expiration.
Volatility was back with more than a 100 point drop in SPX this week. We did recover into Friday’s close but this kind of movement is great for expiration trading. Let’s look at a few ideas for that, along with our favorite swing plays.
Over the past 72 hours it’s been a process of setting up a monthly tendency in the Pitbull Low, setting up the pullback on US/China, and finding those relative performance leaders.
Did US/China talks help put the Pitbull Low in? What’s next for the markets on this sigh of relief rally?
When timing meets entry zones, there are plenty of reasons to get opportunistic. Here’s how the current pullback on the US/China talks are triggering the next round of entries on daily time frames.
Sometimes it’s nice to just sit on something and be confident of its direction for the long term.
Although the volatility here is great for trading, this is why I’m not adding shorts here.
The NASDAQ long position we have on now has company by way of MSFT, AAPL, V, and GOOG/GOOGL. Here’s the relative performance breakdown.