Reviewing The Initial Balance
We use a concept and indicator in the Futures trade room that I would like to review in tonight’s update. Today is an opportunity to highlight its effectiveness.
Archives: Daily Videos
list of daily videos
Bullish Breaks Of Symmetry
Today’s bounce in the S&P 500 added enough to the move up from Friday’s low to now make it the largest advance since the July high. That is a warning to bears that the decline might be over but it’s not yet an all clear signal for bulls.
How’s It Going To End? II
A follow up to the video I sent out two weeks ago. Put the pieces together yourself and let us know what you see.
Don’t Panic, Do This Instead
In August, we expect chop. There are ways to trade chop if you prioritize these two things I explain in this update.
AAPL Can’t Fight Gravity
Last week we took a look at AAPL’s precarious position beneath its fireline. This week we saw it let go of support which was keeping it near that important Voodoo Line level. That leaves the stock open to explore even lower levels if it can break nearby symmetry.
Are We Still Buying The Dip?
The train tracks have left the building, and NVDA can’t save the market.
Bears Win
The idea of a Pit Bull and Mid Week Shuffle low was simply not in the cards this time. I followed the plan and tried to buy it but to no avail. With that, here is what I can see as what may be next…
“Box” Charts Have Nailed Markets Correctly
The Box charts, only for paid subscribers, have been showing great ideas in the indexes and the stocks.
How Joe Traded The Fed And Came Out Ahead
Most Federal Reserve officials in the July policy meeting remained concerned about inflation risks, potentially leading to more interest-rate increases. The key issue is whether the current policy interest rate is adequate to achieve the desired goal of 2% inflation. While some members are worried about a potential economic downturn, others see the economy as resilient.
How To Handle A Good Trade Gone Bad
In this video, we discuss the overall market volatility, but I wanted to focus on what happens when you have a good trade gone bad. Your choices are to pull the plug or possibly defend it. I walk through a live example I have on for a Bullish NVDA trade and how we managed it as it dropped 42 points. How was I able to not only stay in the, but reduce my overall risk and increase my profit potential as well?