Will ETH Spoil the Rally in Alts?
ETH has struggled to get legs on this rally. We review the levels for swing trades that could allow us to look at alts for long trades.
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This Market Can’t Seem To Make Up Its Mind. 7/5/2018
It also has parameters on both sides in the indices!
Pre-Holiday Sell-Off Opportunities
Here’s how a trader stays opportunistic: How does price action play into our hands? What are the larger trends and narratives? Are they pointing in the right direction? Price action, tech, and fundamentals provide the checks and balances.
Cycle Highs — Are They Really A Big Deal?
There are few trading situations worse than being on the wrong side of a cycle move and not even understanding what it is and why it’s destroying your positions.
What Constitutes a Break of Support / Resistance?
We review the overnight action compared to what we looked at in the live session from yesterday, with a focus on criteria for breaking a resistance or support level.
Crypto Relief Rally Continues
We’re witnessing a decent relief rally after the $500 short squeeze from last Friday, which drove the total market capitalization up over $30 billion. Watching the $480 mark on ETH to confirm continuation before entering in any alts.
It’s not where, but when, the next trades are coming
The holiday affected week will impact what I think follow-through will be until Thursday, but the late-day XLF rally did shake things up. I am still bullish equities, with an emphasis on NASDAQ and Russell, but mid-term elections and tariff rhetoric could be changing and that’s going to be good for buyers. I am also bullish energies but the best play may not be what you think … here’s what I have my eye on.
So far, we continue to hold above the key time/price low in the S&P. 7/3/2018
As long as this continues, we have higher targets to discuss.
Cycles Highs In Play And What About Tomorrow?
Bigger Picture and Smaller Picture, Here’s What I’m Doing Right now.
Getting Paid To Be Patient
Indexes played into our hand fairly well today, but that doesn’t mean it was easy or obvious. More than anything, it required patience and a good understanding of the setup to catch the move into the close. Let’s review that, along with the outlook into next week and a few new earnings picks.