list of daily videos
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.
Bulls decided to take a little time off today as they needed a rest. Tomorrow is the end of week in front of an OPEX week, so let’s look at a potential support level to hold for another run.
We’re going to get into a sector based outlook tonight that when viewed with the correct time horizon, I believe could be a helpful piece of your next best trade.