Crude Oil and a Second Storm Setup.
Hurricane Florence is bearing down on NC, SC, and VA. This is a major storm and I hope everyone stays safe! In the meanwhile, the storm-reaction is triggering another trade.
Hurricane Florence is bearing down on NC, SC, and VA. This is a major storm and I hope everyone stays safe! In the meanwhile, the storm-reaction is triggering another trade.
The PMRs have been amazing this week: MSFT, V, CL, and more. Today the PMRs caught the ES, YM, and RTY rallied with the Bejing trade news. Here’s how it all played out.
Here’s an example of one play with a normal target and one with an extended target.
It’s time to start thinking about monthly options expiration which is around the corner.
One of the toughest parts of trading is knowing when to take profits, but it is not difficult when you know how to use volatility to find high probability targets.
NQ and ES rocked the bears as aggressive traders came face to face with a daily pullback. One that many members were already long in! Also, NKE (discretionary), MSFT (tech), and JPM (financials) offered insight into what sectors may continue to drive the NQ, ES, and YM.
How can we manage the next move and how will it be traded? I’ll show you what the correction to consolidation move is and how to set that up.
It’s time to start looking at both sides of the morning opening range play, time to think about the next trade in crude, and where can we start buying the pound?