Yes, we can use a 60-year old tool to find levels for momentum breakouts. The Darvas 2.0 identifies these levels, and I show you where you can look for these triggers in today’s update. This is a RARE moment where I discuss momo trades! Enjoy.
Market sentiment is weak, macro conditions continue to worsen and geopolitical risks are high. There are only a few relative strength areas of the market, including gold and energy, but beyond that, everything on my radar is looking for more downside. Let’s talk about tech, semis, staples, and more.
Today was all sell side for the US equities. Begs the question: did the bulls even show up? The idea here is to lay out a plan for tomorrow & the week going forward.
The current chart structure suggests selling bounces so long as Fibonacci and Voodoo Lines resistance holds.
I like this company, but the technical pattern is telling me that there could be a potential opportunity to short this company post-earnings. Investors have sent it down, 9.3% today — much more than the market as a whole. This tells me anticipation is weak, and with an expected move of $10, this ticker could easily break to new lows not seen since May of 2021. For these reasons, it’s on my list of potential earnings explosions. Let’s talk about how we could potentially trade it.
Tonight I want to offer some ideas for existing trade management as well as some ideas to be prepared for when we start to see some rotation away from the existing/ongoing trades.
At least now I know when the machines are triggered to take action.
These days it’s all about the machines — but what are the machines looking for?
