I still see this week as being all about Friday morning when we hear from Fed Chair J. Powell. Sideways consolidation is all we have had to work with for the last two days and I suspect mostly that until we get new information to reprice from. The question then is, of course, up? or down? I have a lean and I’ll share that with you tonight.
Check this video to see how one should properly size their trades with the proper progression to expand your profits.
It’s hard to say what the broad market will look like ahead of the Jackson Hole meeting on Friday, but if you can find stocks marching to their own drummer there are still opportunities.
The pullback “dip” is here and this is the watchlist for the uptrend retracement that we have been waiting on.
In a simple answer, YES. In this update, I share where I am most interested in the dip buy and why.
There is something about shorting this stock that warms my heart.
The energy sector, in addition to high fuel prices, have been in focus most of the year until we finally saw a bit of a reprieve this summer. However, I’m betting this break won’t last long, as I’m spying buy setups in the energy space along with a buy setup in a key energy stock, XOM. Let’s discuss the whys and the how beyond how to trade these setups.
The indexes have finally begun a swift pullback, but it remains to be seen how long it’ll last. Let’s talk about key relative strength and weakness names along with key areas to focus, including hot tickers coming up on earnings this week and more. Let’s talk NVDA, SMH, MSFT, XLE, the put/call ratio and more.