list of daily videos
In today’s video, we look at the sluggish market after last week’s rip-roaring rally. We had a strong end of the month push higher last week and everyone instantly started getting bullish. Is that a good idea or is this market over for now? We look at the upcoming events on the economic calendar to see if we can create a good plan to trade with. Lastly, we go over an idea in LMT and consider TSLA as a trade.
In today’s video, we look at the sluggish market after last week’s rip-roaring rally. We had a strong end of the month push higher last week and everyone instantly started getting bullish. Is that a good idea or is this market over for now? We look at the upcoming events on the economic calendar to see if we can create a good plan to trade with. Lastly, we go over an idea in LMT and consider TSLA as a trade.
The SP500 posted its second loss today, settling down -0.25% while the tech heavy NASDAQ settled even lower at -1.1%. Come see how we handled the chop and came out ahead.
In this case I feel like I want to say, “The Price of Patience”. We are in that phase of the move. It is choppy and slow. The swings are overlapping difficult. It is times like this that patience is key. I’ll do my best to explain this in tonight’s market update.
Stocks took a bit of a breather today with SPX closing the session down some 10 points. The Fireline continues to be the most critical level for the index and I believe will set the tone of trading into Thursday.
The crypto markets were one of the first to hint at a risk on environment, and while the equity picture isn’t perfectly clear, I’m going to let that correlation continue to lead until proven wrong.
Many markets went up so fast in the last month that many gaps were created. Many times those gaps need to be filled.
When the market gets extended to +3ATR- Here are the signals and options position I like to trade in the event of a reversion to the mean.
Short-Term Swing setups continue to perform well if we 1) Wait for the zone and 2) Keep the follow-through expectations to one to three days. When volatility is still ruling the markets, it’s time to use volatility to trade the markets.