Archives: Daily Videos
Easier To Trade The Volatility?
In this video, we look at today’s FOMC minutes and the whiplash market reaction. We have been getting huge daily swings in both directions which makes it very hard to get on the right side of a trade. This market is a grinder and will take out shorts as well as longs so we must be careful. Does this mean we can’t trade this? Of course not, and in some cases, it may even be easier to trade the volatility. We go over a trade idea that we used for BIAS and had to tweak several times. Lastly, we look at levels and where the markets might go in this video as well as upcoming events to be aware of.
Patience, Grasshopper
Sideways grind at these levels but I do have a plan. It requires neutral for now with patience and a plan to strike when the opportunity arises. Levels in tonight’s mid-week market update.
Commodities Are Calling
Everything has its time and I like commodities at this time. The equities have had a monster showing of a bid recently and are at key levels/near targets so I shift my focus elsewhere for opportunity.
Levels where I will look to buy.
Is this a test of the 200SMA?
All our upside targets $410 — $431 from the “dark pool signal” prints have been hit but one at $441.65. However, without any large dark pool buying occurring, is this simply a test of the 200SMA before heading down to the signals at 352 — 354, which ironically happens to be the weekly 200SMA.
Unpopular opinion — I don’t trust this rally
All “Dark pool signal” prints that pointed to the upside have been hit from $410 to $431 & I am not seeing anymore, suggesting price may go higher from here. Without large Dark pool buying, I think this may be the end of the road for the rally.
Scanning for Daytrades
The process of scanning for daytrades has a top-down approach that has worked for me for decades. It all starts with the index and goes from there. In this example, I show how the NASDAQ, Consumer Discretionary and TSLA are connected for daytrade scanning.
Relative Performance Scanning
The symbols we trade should prioritize trends, and in this update, I example how to easily find those up and down trends using a simple split screen relative performance scan.
How the Divergent Bar indicator clued me into a Bounce…
In this video I talk about the Divergent Bar indicator, and how a Bullish Divergent Bar on the 1 hour chart on SPX allowed me a nice intraday profit today, and I also walk through how a monthly Bullish Divergent Bar that printed in May helped identify a potential bounce back up towards 4300 in SPX.