To Squeeze Or Not To Squeeze?
Short squeeze attempt is in play, let’s stay cautious with it, but the targets are higher. Let’s review some plays on the idea.
Short squeeze attempt is in play, let’s stay cautious with it, but the targets are higher. Let’s review some plays on the idea.
In this update, I focus on how to trade what you see and let that map to the trades you make. Today’s session staged quite a rally. But are rallies in downtrends a bottom or an opportunity to short the rally? I will show you that we follow the trend until it ends and how I confirm trends.
The pullback in the US dollar opened the door to two setups as we look to stick with US dollar strength. The indices bounced but there are three markets that are more telling of whether indices have truly bottomed out and none of those three symbols were confirming. I talk about what those are and how to gauge the moves we are seeing in this still very hawkish environment.
In the midst of a bearish market, there are still a handful of setups looking poised for continuation to the upside. Let’s take a look at a few candidates, and discuss the importance multi-time frame structure.
This looks teed up and ready to smash but of course the question still remains… Will the Bulls seize the opportunity? Let’s take a look at how I see it playing out should this be the case. As usual, there is also a plan for the alternative as well.
After modestly overshooting our support level last week, Gold is attempting to recover those levels today. If it succeeds, one scenario sees it much higher.
In an overall bearish market, it’s important to ensure than anything we’re looking to get long is “firing on all cylinders”. Let’s look at a few of the setups that are showing good trend, structure, and momentum characteristics across multiple time frames.
This week we get Retail Sales, Fed Speak, WMT Earnings, Options Expiration, and who knows… More from China or maybe Russia? The point is that there is more than enough on deck to make a difference. Let’s take a look at a few ideas.