list of daily videos
Wednesday morning saw the expiration of the VIX, that played a lead role in today’s weakness. Do we continue lower from here or are we due for a bounce? Let’s look at a few of the factors to consider for Thursday.
And what about TSLA and NFLX earnings? As they say at Six Flags over Texas, it is time to strap in.
I like to have at least 3 reasons to initiate a trade. Today, near the opening, we saw internals were improving and the IWM soaring, while the SPX made new lows. We then waited for a cross of the 1-minute ATR trailing stop to go long.
Follow-through relies on it and here’s where the relative performance is waiting in the current environment.
LRCX has an overnight earnings setup due to the stats I can see in my Hot Zone. The market makers are pricing in a bit higher move than this stock typically has, so I’m taking this opportunity to sell premium and capitalize on the volatility crush.
Today, the S&P 500 regained its 4352 Voodoo snowline. Staying above leaves an open path upward with potential targets to other important Voodoo Lines levels yet higher.
This week we will hear from Fed chair Powell as well as a host of meaningful earnings reports. Finally to wrap it all up, OPEX Friday.
Indexes will start next week hanging right on the ledge. Let’s review what that means and the adjustments we must make to navigate that.
We all have them. The real skill in trading is to lose well. In this update, I discuss not only mental tactics but also levels on the chart to watch to keep bad losses at bay.
Heading into next week equities are in a bit of a precarious spot. There is a path lower in several names, but there’s also a path that seems more of a premium crushing tone to it. Let’s look at both as we prepare for the open on Monday.