I updated a bunch of my timing work on the individual stocks today…
Let’s really ratchet up stops on long positions just in case these cycles kick in for a tradable high!
list of daily videos
Let’s really ratchet up stops on long positions just in case these cycles kick in for a tradable high!
The good news is that the risk is clearly defined, and we have plenty of other setups that are playing out beautifully on the stock side!
USD/CAD and EUR/USD were in play. The time frames I am watching on the indexes are changing as I am looking more aggressively at correction levels to buy. The market is still factoring in a December rate hike, but has anything really changed? The yen is looking good more shorts. All of that and more … Read more
With the markets so extended, it can be tempting to think numbers like non-farm payrolls may shift the tide, but at the end of the day, QQQ closed up $0.20. Let’s look at where today’s non-event left some of our favorite holdings, and some new names to look at for next week.
The good news is that the risk is clearly defined, and we have plenty of other setups that are playing out beautifully on the stock side!
Wednesday night, we covered the concept that the Nasdaq wasn’t lagging, it was waiting to catch up. That plan come through on Thursday, and now we have Friday’s employment data to contend with. Let’s review the path that took us here, and the plan heading into tomorrow’s number.
The Nasdaq joined the party as the market rallied into Friday’s NFP. The USD is holding onto gains at the top of its range, and gold and bonds are sitting at the bottom of theirs. Which markets are ripe for triggers with NFP? Watch to find out. The Spreadsheet of Trades The tabs at the … Read more
The market is showing us a few warning signs, and the argument of being extended is almost a given these days, but I’m keeping things simple, trading with the trend, and using tonight’s analysis to back my decisions. Let’s dive in.
Anything that is NOT holding the zone, aka the line in the sand, should be ditched … don’t forget to be disciplined!
Don’t forget to get to a breakeven stop or better when these start to play out in your favor!