As this summer heats up so is the volatility in this market. The path to clarity starts with structure but when we see intraday swings as quick and large as we are seeing, time and volatility become invaluable, and here is how we trade it.
After a bit of stagnation, the indexes broke out higher today, and moved in an epic short squeeze fashion in a swift and strong move. Key tickers carrying the indexes higher included NVDA, AMD, AMZN, and some cybersecurity names that we haven’t seen making these moves for quite some time. To learn more, check out the video and I’ll go over key relative strength tickers to ride this move higher.
As we head in Non-Farm Payroll the markets are poised to make a more significant move. What are the prevailing trends and where are they? I cover that and more in this update.
Though the weekly charts remain bearish, we’ve seen the indices close above key levels for the first time since late March. Is this enough to warrant a bit more upside? Let’s take a look.
Short week this week w/ the Memorial Day Holiday to start us off, but we do have news enough to make a difference still ahead. Let’s take a look at that.
AAPL has seen a quiet week so far, but if this level holds we may see another leg higher and that’s something I’d like to be a part of.
Looking around I see a few ideas that I like. Some long and some short. Let’s dive in and take a look.
For the first time since March, we’ve seen the indices print 3 consecutive closes above the daily 21EMA. Looking for support at 4100, let’s discuss the potential for a bit more short-term upside should this level hold.
I am entertaining the idea that the markets may be range-bound through the summer with lower volume & volatility than historically happens during the summer. Even if that is the case, the dark pool will give us some setups to watch. Right now there is some interesting dark pool activity in UPS, ETSY & XOM. Let’s take a look at them.