The market as a whole is short. I would like to stay short if at all possible. There are long setups in the market that I may consider taking today but, this is my favorite setup. S is showing strength to the downside so lets try to take advantage of it.
We saw major volatility in the market yesterday. This is not something that we could have predicted. It is our job to be on the right side of the market today and moving foward after this move. In my morning overview yesterday, I talked about about how the federal reserve would cut but, likely not cut into 2025. Apparently, this was not common knowledge and it...
Other consumer stocks are looking strong right now. LULU is no exception. I think their movement is largely dependent on the federal reserve decision today on rate cuts.
The FED is set to make a decision on interest rate cuts todays. The market has them priced in already and I doubt the FED wants to surprise markets. Going forward into 2025 I don't think they cut in Q1 for this reason. This video covers: * patterns in tech stocks that resemble some climatic activity. * patterns in consumer stocks * Trades I currently in *...
The setup has everything we are looking for: Strong bull bar > 2 standard deviations Strong momentum on the MACD Small pullback with a potential for an aggressive entry
In this video, I covered all of the stocks I am looking at for potential pullback entries. I explained why I like them. I also showed patterns in certain tech charts. NYSE:HPE NASDAQ:PYPL NASDAQ:PLTR NASDAQ:WDAY $NYSE:JOBY. I talked about the current range in the AMEX:SPY and what we can look for there. I also covered two trades that I am currently in.
One trade entered. The second did not. WES while looking a bit weak, on Friday is still a long entry. I did reduce risk on the position. Any price below the strong bullish bar on will be extremely bearish. I did leave a little room below that bar in case buyers step in to defend.
So many markets are showing similar patterns. I cover what those look like in this morning overview. I also breakdown the AMEX:SPY NASDAQ:EBAY NASDAQ:QCOM and my One Good Trade series follow up NYSE:WES
RNG is a great earnings drift play for the following reasons. Earnings Draft Earning s/r Consolidation
Frothy top for the SPY Not trading short until market shows me short SPY leads the movement for foreign market ETFs
Holds earnings support Second leg showing strong strength than first on Inside bar forming on a pullback for an agressive entry
Trade Review: - earnings gap low - touch of keltner - MACD momentum strength - stop above strong bar - entry on 11/27 - close 11/29
Some tech stocks are sowing weakness even though we had strength in the AMEX:SPY yesterday. I covered plays that I mentioned in other videos and also mentioned some plays that I am in. There is also a lot of pullbacks and anti pattern plays today including NASDAQ:AMZN and NASDAQ:META
In this video, I break down a trade that I am in. I go over what I am seeing as SPY is flushing out weak bulls. I did move my stop you because of lack of action from the trade. I really think this video can bring value to understanding trades that you get into.
SPY is looking strong as are other markets. I wasn't able to cover more of my watchlist because I just didn't have time yesterday to go through it. I did recap a couple of trades that I suggested yesterday.
Not too many short setups but, the ones I identified should move quickly is the major indices show any weakness. I would be carefully trading around geo political issues and make sure that at least some of your positions are hedged.
Good morning everybody. No matter who you are voting for, it is important to put your beliefs aside when trading in the markets. Each candidate has an outcome on the market if they win and while that is more macro trading we still need understand how that effects our technical.
This morning I covered the overview of AMEX:SPY $AMEX:DIA. I talked about pattern recognition across markets, I gave valuable insight into potential pullbacks and anti patterns that are setting up. I provide entry ideas and mentioned the stocks that I like for trading today. Many of which were short today. I think that coming into the day the market is offer...