Low Risk Trade Ideas in the Chop
In this video, I walk through what type of strategies are really working in this market environment while keeping Risk low, and I also walk through a trade idea to consider today on SPX.
Archives: Daily Videos
Trading intraday with volatility and time
As traders await Friday’s Non Farm Payroll, staying nimble and short-term continues to be a productive approach. When trading in the morning, there are support and resistance levels that are not necessarily the obvious price based levels that most traders watch. Here is how I break down the morning session with volatility and time based support and resistance.
Macro Market Deep Dive
As the rate hike closes in on the market there are other currencies in play, like the Euro that is worth watching, as well as the pullback in corn — a market that climbs in the inflation environment. NASDAQ continues to be a short the rip setup as well as XLY and XLC, but the S&P, Dow, and XLK remain in chop. Remember to keep structure first and it will be easier to navigate this chop.
Trades ideas for either a Bullish or Bearish move
This market is at a decision point and could depend on AMZN earnings. If the market is disappointed and starts to sell off… I talk about a bearish trade idea on SPX to consider. If AMZN, and in turn the market, can get a bounce higher, then I walk through a couple of longer term bullish swing trades to look at.
When the uncertainty is high, shorten the timeframe
With the GOOGL volatility and anticipation for FB earnings, it made sense to focus on the shorter term timeframes for more nimble opportunities (after NFP Friday is really the hot zone we want to capitalize on). The S&P set up an ideal exhaustion setup after chopping for the first two hours of the day, but knowing that there was support and an oversold confirmation, it was easier to get long and stay long the S&P.
Symmetry and 618’s
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21 and Up
Tech stocks have been getting bludgeoned for weeks, but AAPL was the first to enter the 21+ club. 21+ referring to the daily mean, and one way of assessing the swing based trend. MSFT wasn’t far behind, and if we can see semis to do the same, bulls may have a little more work to do.
Strikezone Puts Up Big Numbers Yet Again
Check out this video and see how the Strikezone put up big numbers again today despite the market’s insatiable appetite for chop and volatility. See why Joe favored equities to start the day, but then shifted his risk into crude oil to finish the day.
February starts with a bang!
In this video, we look at the big moves we have had as we get February started. We have had a lot of action from the indices as well as GOOGL and FB. Tomorrow we have AMZN and then Friday the big event of Non Farm Payrolls. Lots to watch in the next several days, so buckle up!
Pay Attention!
In this video, we look at the big moves we have had since the beginning of the year. We dropped down over 500 points in the ES and then back up over 300 points in the ES in a very short period of time. This week we have had a lot of action from the indices as well as GOOGL and after hours today, from FB. Tomorrow we have AMZN and then Friday the big event of Non Farm Payrolls. Lots to watch in the next several days so pay attention and buckle up! It is sure to be a wild ride.