Summer Expectations
In a world that thinks “sell in May and go away” is true, let’s look at the data to really see what summer trading has in store.
list of daily videos
In a world that thinks “sell in May and go away” is true, let’s look at the data to really see what summer trading has in store.
In 2000 the NDX went up for months even though other indexes lagged. That divergence can go on for a long time.
It’s a weird situation out there where a handful of the biggest names are carrying the market again. But not just that they are up, it’s that the rest of the market is actually staying weak. So we need to see the rest of the market get into gear, or we could see the heaviness start to impact the Megas and thus the Indexes.
Keeping it pretty basic tonight with 3 stocks I’m looking to be long over the next couple of weeks.
Both the $SPX + $QQQ fired squeezes today, which typically bodes well for further upside. From here, the next dip will dictate whether or not we can keep playing things higher. Let’s discuss.
The big weekly breakout in AAPL pulled up most indexes today, even with the big bad CPI and FOMC tomorrow.
I’m eyeing NFLX for an entry to the long side before the next upcoming earnings report in July. Check out the video for my upside targets, setups, and various options trade ideas.
Using a top-down approach is one of the best things you can do for your trading. Let’s look at what that means using one of the most important setups in the current market.
Mixed signals with a bullish bias that may need to wait until Fed to give the thumbs up or down next week.