Are We There Yet?
Mid-week update is to say that we are well under way and I prefer continuation of yet still higher. I’ll lay out the plan in this market update.
Archives: Daily Videos
If The Yield Curve Is True, Why Aren’t Stocks Dying?
As my mother said, don’t believe everything you hear on Twitter.
How To Tackle Trading Losses
Losing well in trading is sadly a rare skill. We learn more from a loss than we do from a win. Losing well means knowing you stop and having the discipline to follow it. In this update, I discuss the two trades from this morning’s daytrading session. One winner. One loser. And we still came out well ahead on the day.
The Uptrend is Forming
Despite much of the pessimistic talk surrounding the market action, slowly but surely the uptrends are forming. Keep this in mind: Crashes have never happened when we expect them. Why would this market be any different? It is time to focus on the known: Yields are heading lower. Tech is in a new uptrend and Crude oil is getting cheaper.
My Favorite Setup: 30% Account Growth on 10 Trades?
Every trader has their favorite setup, and this is mine! We’ve been a winning-streak since launching our Big 3 signals, but like any strategy, it requires patience and nailing the proper entries. Here’s what I’m looking for in the market to line up the next round of Big 3 trades.
The Next Round of Big 3 Trades
Uneventful day. Maybe the S&P will have one more push? IWM, QQQ, AMZN, leading sectors are overbought but also neutral; we’re starting to lose momentum.
CPI This Week. Here’s the Plan.
The Fed’s dual mandate has one of the two on lock after last week’s NFP report. We are set to learn more about the other this week when we get the CPI & PPI reports. Trade plan in tonight’s market update.
Coffee anyone?
I think it’s time to start waking up to a fresh coffee position once again. That and a few more ideas in tonight’s market update.
NVIDIA, Fibonacci and the Voodoo Lines
The Voodoo Lines use a unique method of Fibonacci analysis to project important levels of support and resistance. This includes the Voodoo Treeline which help up NVDA today when it sold off after pre-announcing a revenue shortfall.