There are a ton of misconceptions about gap opens. I talk about them and how to realistically trades gap opens. In this update I go through the details of a YM daytrade as well as the ETF options alternative, DIA. Whether futures or ETF options daytrading, this update will give you a plan for gap opens.
My idea for this week is going to require a little patience after the monster run last month and particularly last week.
One theme we’ve seen from the market lately is that earnings reports that were well received had some continuation to them. That could end tomorrow, but if it doesn’t, look for AMZN to gain some ground.
In this video, I go through the Daily Chart and discuss what might impact SPX trades into the close for this week in particular. I also go over today’s end of day trading as a potential example of what might happen other days this week and why it is impacted by what’s happening on the Daily Chart.
Trades all over the board. Can’t have them all. Which do we like best? I’ll try to dial it down to a few in tonight’s video.
In this video I discuss an SPX into close lotto trade idea and how Day Trading them can lead to a better win rate. I also walk through keeping risk low to ideally help stay profitable overall when doing cash settlement.
In this video, I discuss the first week of August as a time for the bulls to rest. It’s not a bad idea to entertain the short side for 7-10 days, here are my thoughts as to why…
In this video I give supporting arguments for more weakness after a huge move higher this week. Re-testing /ES 4000 makes sense, but then I’m going to give myself the green light to buy this thing again.
