Interest Rates, Covid, Inflation, What Else?
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Archives: Daily Videos
Interest Rates, Covid, Inflation, What Else?
In this video, we look at today’s stock market action and the wild swings we continue to get. We have a lot going on behind the scenes with concerns over interest rates, Covid, the overall economy, and inflation, to name a few. In addition, we are starting earnings season, adding uncertainty to an already nervous market. Which one of these are causing the erratic moves, and how do we trade it?
Are we in a Downtrend or Oversold?
After some dramatic sell-offs this week, this question is the one that needs answering. We need to think about the range the indices are trading in, the support, as well as the market structure to determine the strategy and indicators we want to use. In this video I walk you through how to easily do it step by step.
How the StrikeZone Strategy Destroyed the Market
Today, the StrikeZone Strategy destroyed the market Wednesday by taking advantage of massive ranges and solid technical setups. We shorted equities on a pop and then rode them to the lows. Take a look at how we identified these moves and how we rode them out.
From Top To Bottom
There are some major factors that we need to be mindful of on the NQ monthly chart down to the daily chart. There is a daily squeeze firing short, red 10x bars, and no stacked exponential moving averages (EMAs). Structurally and momentum-wise, the daily chart is looking pretty ugly. Let’s break down the basic principles and apply them to the monthly, weekly, and daily charts, specifically on the three indexes. We’ll also take a look at some of the best looking setups in the current market conditions.
Working the numbers in your favor
Trading is a business. As traders, we need to stay open minded to what shifts we need to make in our trading to add consistency and continue success, especially as the market transitions from trend to chop (at best). We have to adjust and change our habits so that we not only succeed in times of high momentum but also when we don’t have as much “wind behind our backs”. We’ll focus on the charts, indexes, and trade ideas, but I want to break down the basics to start working the numbers in our favor.
Crude and oil stocks are in sync
Today’s crude oil chart shows that the 123 pattern has finally continued and set up an uptrend and buy-the-dips are valid. Oil stocks were waiting on the commodity to catch up and they are now in sync. This puts these symbols on our watchlist for buys as of tomorrow.
Where to look aside from indices
Indices were the story for the sell-off today, but it’s energies that have my attention. The indices need to settle a bit before we know whether we have an exhaustive support level to take advantage of or not. In the meanwhile let’s look at energies, metals, currencies, treasuries and the trends we are working with.
