What will it take for the S&P 500 and QQQ to rally to new highs? Let’s recap today’s session as the S&P 500 and QQQ had a small bounce on Tuesday. We’ll continue to tune out the news and focus on structure, specifically on the weekly chart. We’ll also cover what we’re looking for on AAPL, one of the better looking charts in the market.
If there is a “secret” to my daytrading, apart from volatility and volume, it’s this one candle that many daytraders don’t know to look at but can often confirm setups intraday. I walk through today’s example in the S&P which works regardless of whether you prefer the futures or options.
This time of year is a tricky one, the end of the year and quarter does the the beginning of some off market behavior. From tax loss selling, to rebalancing, to window dressing… One way to combat that is know the December rhythm and play intraday setups.
As Covid and economic pressures mount, the markets struggle to find traction to the long side. Many have been pointing to the number of double bottoms forming out there, but they don’t have to hold. I will show you how the IWM wasn’t able to hold its double bottom and the clues we can work with.
Lockdown talk has been increasing and the Fed is taking the punchbowl away while tightening the interest rate screws. So far, bounces have been shortable, and the remaining strong tickers need to be watched carefully as they may succumb to selling pressure too. I am waiting to see if there is strength in the precious metals space and show you what the parameters are for me to buy.
Fast forward from the 1st of three triggers for a crude oil short: We revisit a short setup in crude oil to discuss the entry as well as what we can do now that we are seeing follow-through. Structure before strategy and follow the trends. This is also a great blueprint for short setups in downtrends within the current market.
News over the weekend was not received well by the market heading into this shortened trading week. You’re probably wondering what to make of it? Let’s take a peek under the covers and see.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Last quad witch of 2021 is in the books and it was a volatile one. The charts are all over the place next week, so let’s review the path forward for bulls (and bears) going into Monday.
