Commodities Are Calling
Everything has its time and I like commodities at this time. The equities have had a monster showing of a bid recently and are at key levels/near targets so I shift my focus elsewhere for opportunity.
Archives: Daily Videos
Levels where I will look to buy.
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Is this a test of the 200SMA?
All our upside targets $410 — $431 from the “dark pool signal” prints have been hit but one at $441.65. However, without any large dark pool buying occurring, is this simply a test of the 200SMA before heading down to the signals at 352 — 354, which ironically happens to be the weekly 200SMA.
Unpopular opinion — I don’t trust this rally
All “Dark pool signal” prints that pointed to the upside have been hit from $410 to $431 & I am not seeing anymore, suggesting price may go higher from here. Without large Dark pool buying, I think this may be the end of the road for the rally.
Scanning for Daytrades
The process of scanning for daytrades has a top-down approach that has worked for me for decades. It all starts with the index and goes from there. In this example, I show how the NASDAQ, Consumer Discretionary and TSLA are connected for daytrade scanning.
Relative Performance Scanning
The symbols we trade should prioritize trends, and in this update, I example how to easily find those up and down trends using a simple split screen relative performance scan.
How the Divergent Bar indicator clued me into a Bounce…
In this video I talk about the Divergent Bar indicator, and how a Bullish Divergent Bar on the 1 hour chart on SPX allowed me a nice intraday profit today, and I also walk through how a monthly Bullish Divergent Bar that printed in May helped identify a potential bounce back up towards 4300 in SPX.
Move Back to 100 on AMZN?
In this video I discuss a monthly signal on AMZN using the Divergent Bar Indicator that discusses a potential pullback down to 101 to test by the end of September. If the market (and AMZN) start to roll back over and hold monthly resistance levels, this could make for an excellent setup.
Two Critical Levels
We’ve been on the buy side of the market for a while now, but Tuesday will bring a critical level for these two symbols.
Two Key Market Themes
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