New month leads to new opportunity! Let’s take a look across the board of the indices, sectors, and names I’m keeping an eye on. As for our swing trading watchlist, we’re keeping our focus on names like energy, natural gas, agriculture stocks, etc. These are all names that have good structure, trend, and momentum for plays to the upside.
In a new quarter I always look for the opposite of the action a week before, and since we mildly sold-off through the week into Friday I want to see if /ES can get back up to 4600. If so we’ll be prepped to short the mother of all head & shoulders.
In this video, I discuss strength for a new quarter that only could last for a few days before a potential roll-over. Let’s discuss.
March end of quarter shenanigans are behind us. The two weakest indices have hit their respective overbought resistance levels. If the last two weeks was all about the bulls, the bears are done waiting and are ready for their turn.
Stocks closed out the first quarter of 2022 on a rather bearish note, but I think it’s a flush that could see a quick bounce. If Thursday’s lows remain intact I’ll be watching for this retracement overnight, then see where we’re at before the employment data is released.
While trying to guess what tomorrow’s economic data brings to the market can be a tough call, we’re technically setup for a bounce. If that bounce does not happen, that’s where we need to be willing to change gears and possibly rather quickly.
As the macroeconomic trends are set and not many data points have changed the messaging or policy for the FOMC, it’s time to look at trends that are working right now and also remember we do not have to trade the indices and actually there are setups outside where the broader averages are going next.
In this video, we look at the current rally of about 500 points in the last 15 days. We have definitely turned the bearish corner and the market looks good, but this rally is beginning to look extended to me. We go over the indices and levels where we may fail from, or targets we may reach if we do keep going higher. How do you trade a market like this? Very carefully, and in this video I show an example lotto ticket day trade I set up today and go over the reasoning.
