Dark At The Top Of The Stairs
There is plenty to be aware and wart of but there is still plenty to trade in this environment. In this update, I share how I am trading through the uncertainty and chop.
There is plenty to be aware and wart of but there is still plenty to trade in this environment. In this update, I share how I am trading through the uncertainty and chop.
Many indexes are close to their 50 SMA. Many times, if a few indexes decisively break above or below the 50 SMA, the other indexes follow.
The Nasdaq gapped this morning, and multiple mega-cap names broke out above key resistance zones. A resistance break and a high put/call ratio can equal some fantastic trading opportunities. Two names in particular stand out, including Meta and Tesla. During the video, I walk through my upside price targets in the Nasdaq, QQQ, TSLA, and META.
The rollover is now underway. Rolling from Sept to Dec in the equity space. I’ll lay out a plan and cite the pitfalls along the way.