Stealth Correction. Healthy or Dangerous?
To access this content, you must purchase Mastering the Trade Room (Monthly), or log in if you are a member.
Archives: Daily Videos
Fakeout Breakout
Snowflake (SNOW) is setting up with multiple squeezes across key timeframes, and it is one I am watching closely for a potential move higher.
The Breakout Fakeout
To access this content, you must purchase Mastering the Trade Room (Monthly), or log in if you are a member.
Take The Win Here Before This Range Bites
We have been stuck in the same range since August, and today we moved less than 26 points. Squeezes are stacking across the board, but the weekly Bollinger Bands are flat and momentum is showing exhaustion, so I am taking the Fed runup profits and waiting for either the break or a pullback. I also walk through an XOM scalp off the $163.54 Divergent Bar target.
The NDX Is Attempting To Shoot Higher
To access this content, you must purchase Mastering the Trade Room (Monthly), or log in if you are a member.
The NVDA Squeeze Is About To Fire
The Nasdaq closed up 2.89% on high volume, the VIX is back under 15, and the S&P is 30 points from a new all-time high. AMD already broke out on climbing volume, and I think NVDA is the next one to go. I walk through the $230 breakout level, my $250 and $260 targets, and the three ways I am looking to trade it.
The Markets Are Looking Up
To access this content, you must purchase Mastering the Trade Room (Monthly), or log in if you are a member.
Same Story, New Week
To access this content, you must purchase Voodoo Mastery (Quarterly), or log in if you are a member.
The Fed Raised Rates And The Market Went Up Anyway
The Fed raised rates this week and the index barely moved, but underneath the surface the RSP and the IWM have been drilled for weeks. My breadth readings went from 70% down to 20%, and that kind of stretch usually puts us in bounce territory. I also go through crypto, which was the strongest thing on my screen, and the Coinbase trade I put on today.
Bullish Rate Hike? How Is That Possible?
To access this content, you must purchase Mastering the Trade Room (Monthly), or log in if you are a member.