A good mix of long and short term ideas today. Check out the first half of the video for an intraday setup that does occur often but works really well and the second half for some gold, dollar, and euro setups.
The daily charts of the S&P, NASDAQ, Dow, and even Russell continue to show that there is overall strength and resilience in the equities markets, and to get aggressively short is still a bad idea more often than not.
I like finding the same setup in diverse tickers. It helps spread risk, while still focusing on the same basic setup. Let’s look at 3 names that currently fall into that category.
Stock indexes snapped their winning streak on Monday and may have a little further to sell-off. These are the levels I’ll be watching on the way down, and a few of my favorite names that I’m still buying on dips.
The setup in any one really must take all three into account. The U.S. dollar is still the driver, and emerging markets and a hawkish FOMC are the main reasons.
Managing the trades from last week as well as looking for new opportunities to take some winners, here’s what is on the radar.
Yup, no strings attached. Take a look at the ES trade that triggered with just one of the strategies I use with “PMRs” and download my indicators, free.
We’re all about PMRs and with the class coming tomorrow, here’s a look at our open euro, gold, NQ, and crude trades as well as how we calculate targets.