Right now, it’s a “weekly charts versus daily charts” type of market. After a few weeks of solid momentum, we have found ourselves in a situation where many daily charts are extended, trading well above 2+ ATR from their 21EMA. Generally this points toward an increasing probability of a pull back to the 21 EMA, … Read more
This entry isn’t really about macroeconomics, it doesn’t really tippy-toe on the large picture at all. However, I do have some interesting data that can be useful during these extremely volatile times. Let’s jump in. We know we are just a few months from Summer, and things can all of a sudden get quiet for … Read more
Right now, I’m feeling like I’m stuck between a rock and a hard place. I took two small trades, which if they work, might only go for two days. The SPY is near all-time highs as it keeps bumping along the Daily 50 SMA. On the surface, this should be fine, but I just am … Read more
A year ago, the world found itself gripped by a novel coronavirus that changed the path of history and what we used to consider normal. The consequences of immediate and long-lasting shutdowns that normally would have crippled world economies were circumvented by monetary powers by sacrificing the dollar so that asset prices would remain elevated. … Read more
When the FED makes an announcement, the markets listen. Many new traders who are unaware of this announcement can find themselves hurting on their shorter dated trades, and newer intraday traders can find themselves from a profit to a loss within seconds due to the volatility surrounding the news. I often get asked by traders … Read more
The market is full of opportunity, so let’s dive in and I’ll show you what I’m talking about with the Top 3 names I’m following. My criteria is based on a combination of things, like a Squeeze on the hourly, 4-hour, or daily time frame. Best case scenario, all of these time frames align in … Read more
The market had a pretty rough day on March 3rd, but your accounts probably already told you that. I know mine did when all my stops got hit over the course of a few days. And with all that fresh cash burning a hole in our pockets, I know we were itching to put it … Read more
Lately the market has seen a strong rotation from momentum technology stocks to small cap, value stocks. We haven’t seen this dynamic in such a lasting way in at least ten years, so what’s going on? What is making small caps more attractive to traders in the current environment than the megacap tech stocks which … Read more
As the market has continued its bullish trend over the last few months, we’ve seen many stocks benefit from this momentum, making impressive moves alongside the indexes. While $MSFT, $GOOGL, and (at times) $AAPL have all seen strength in recent months, there are two tech-giants who have continued to trade sideways: $AMZN and $FB. While … Read more
Don’t worry we aren’t going to talk about GamesStop (GME), I just need to get that out of the way just in case you were curious, it’s over – get over it. But guess what! I have my eye on so much more that could be just as shocking and exciting. I’m talking about more … Read more