Buying the Dip in META
META closed down over 2% today, but I think it’s a great opportunity to buy the dip. It has a daily + weekly squeeze, positive trend, hold of the 50 SMA and more. Let me show you how I’m doing it using stacked butterflies.
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META closed down over 2% today, but I think it’s a great opportunity to buy the dip. It has a daily + weekly squeeze, positive trend, hold of the 50 SMA and more. Let me show you how I’m doing it using stacked butterflies.
This week we will get numbers in the form of a CPI and PPI reports as well as a FOMC rate announcement and US Retail Sales. Additionally there are rate announcements from both the BOE and ECB. Needless to say there is quite a bit there in the form of potential volatility and therefore opportunity.
U.S. equity futures have rolled to the December 2024 contract, leaving a big gap on charts. Those gaps can mess with the relationship to Fibonacci levels, Voodoo Lines, and other support and resistance. Here’s what you can do about it.
While I can’t tell you you’re buying the lows, I think the highs have yet to be seen, and this is one of my favorite sectors.
There’s a strong signal in SPY to start the week, but it may not all be sunshine and rainbows after Wednesday… let’s review the setup and some stocks.
It’s time for another episode of the relative performance game because what we trade is as important as how we trade it.
I tend to spend a lot of time focusing on this one name, but with good reason. Let’s review what moved the stock this week and what we might be able to look for into monthly expiration.
I’m not going to tell you I traded every turn today, but I am going to show you some of the most interesting analysis impacting today’s markets. Let’s look at two examples in a couple of trader favorites with AAPL and TSLA.
Let’s change gears tonight and look at something a little different. I see an idea for a new trade in Soybeans.
Most markets are still too extended from their daily 50 SMA’s, but until I see hourly tops, I cannot initiate longer-term swing shorts.