Archives: Daily Videos
$AAPL to $140? Bearish TTM Squeeze Setups
When bearish squeezes develop across multiple frames, the odds of a significant move lower increase dramatically. Let’s take a look at the weekly squeeze in $AAPL, and the short I’m looking to pursue for the move into $140.
Downtrend. It’s not good, it’s not bad, it’s bearish.
When it’s a trend we can trade it with an edge since a clear path of least resistance is a trader’s friend. The S&P and NASDAQ organized into a downtrend days ago and it’s only the Dow that is neutral. With healthcare likely the only sector still keeping the S&P from lower lows let’s focus on short the rip setups.
Short the Rip in $AAPL + $TSLA
While we’ve seen the markets and many leading names trade well below their highs, the structure of the weekly charts in $SPX, $AAPL, and $TSLA suggest there could be plenty more downside to come. Let’s map out a few trades that we can pursue into the next bounce.
Trends are here.
It may not be the uptrends that many traders want, but a trend is a better environment than chop. The S&P, NASDAQ, corn, gasoline, natural gas, and most currencies are in trends right now. There is a lot to like despite last month’s volatility. The dust has settled and it’s time to set up the next round of trend following entries.
Earnings Destruction: Trading RBLX on Earnings
My earnings destruction list is long this week, which you can find at www.twitter/traderdanielle. I’m already in LMND and NVAX, but I want to add some additional tickers, and I’m eyeing RBLX. Roblox was once crack for kids, but they are still losing money and surely have a lot of bag holders needing to get out. For this reason and more, I’m eyeing a short on earnings. Check it out here!
Is Capitulation Here?
The indexes made more new lows on the year today, and key, once market leading stocks were even getting pummeled along with the former COVID darlings. These outsized moves are indicative of the beginnings of capitulation. Additionally, there are many tickers reporting earnings this week at high risk of destruction. Let’s talk about UPST, LMND, NVAX, PTON, YETI, and more.
Off to a Rough Start
Started out with a Bang today. A Crash Bang. SPUs down 3.2% out of the gate. Finish like the Derby @ 80:1 odds? Looks like the answer lies in Wednesday’s report. I’ll explain.
What, if Anything, will save this Market?
Tough start today with the Q’s down -4%. The answer is not AMZN below 2200 or TSLA down 9% today. There is plenty of Fed speak and Econ data on the immediate horizon, but what I see is 3900 ES before we meet again.
Levels to Consider a Bounce
Stock indexes closed the day about as bearish as they could, but now that everyone is onto the idea, at least be aware of the potential of some short covering. If that is the cue of the day, this is one sector I’ll be keeping an eye on.