Dark At The Top Of The Stairs
There is plenty to be aware and wart of but there is still plenty to trade in this environment. In this update, I share how I am trading through the uncertainty and chop.
Archives: Daily Videos
list of daily videos
Will the Indexes Reclaim the Daily 50 SMA
Many indexes are close to their 50 SMA. Many times, if a few indexes decisively break above or below the 50 SMA, the other indexes follow.
Trading META And TSLA Short-Covering
The Nasdaq gapped this morning, and multiple mega-cap names broke out above key resistance zones. A resistance break and a high put/call ratio can equal some fantastic trading opportunities. Two names in particular stand out, including Meta and Tesla. During the video, I walk through my upside price targets in the Nasdaq, QQQ, TSLA, and META.
Roll To OPEX
The rollover is now underway. Rolling from Sept to Dec in the equity space. I’ll lay out a plan and cite the pitfalls along the way.
One More Day For 4.5k
SPX saw a decent bounce back on Monday closing up around 30 handles. Can we get one more day of follow through to complete 4500? I think so.
Futures Rollover Can Mess With Fibonacci Levels
Index futures are set to roll next week and that can mess with our Fibonacci levels and our Voodoo Lines — levels which have been excellent at identifying turns over the past week. Let’s dig into how to deal the impact of rollover which will shift prices up close to 50 points.
8 For 10
This week continues to be more of the chop that dominated the second half of August and in this update, I will walk through the approach and trades from this week.
Chop Suey
$SPX and markets remain in a wide and volatile trading range. In this video we will review the key levels and the adjustments necessary to trade the box.
AAPL Aftermath
The world’s largest tech company took a beating today on news out of China. There was a modest recovery off the lows, but the move for Friday and into expiration is what I’m most interested in.
Rollover Ahead
Be ready for the roll as of Monday morning of next week. Until then we still have to navigate tomorrow so I’ll lay out a plan for exactly that.