End of Day Trading + End of Year Outlook
The headline says it all. We kick things off tonight with AAPL and some of my favorite end of day setups. We then rotate into my plan for next week and thoughts into the first days of 2022.
Archives: Daily Videos
Will a triangle predict the path forward for the S&P?
Triangle patterns tell us a lot about the likely path forward in markets whenever we can identify them. We might be seeing one form in the S&P 500, but only if we get a pullback soon.
One Chart to Trade
TSLA has been under the weather for a while now, but if Tuesday wasn’t the shift for it, Wednesday must’ve been. It may not happen Thursday, but I think there are higher prices in store and these are the levels I’ll be watching.
Tis the season to be seasonal
How and why we know the rhythm of the market is still down this week and up the next? And why we should not expect a broad based rally.
Buying the Dip in $AAPL?
With news circling around, let’s discuss the current market conditions. I want to show you what I’m seeing in terms of trend and structure, specifically on the weekly chart as it gives us a bigger picture view of the trend. This allows us to take the Monday through Friday volatility out of the picture.
Structure Over News
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.
A level many daytraders miss
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.
Balancing short and long term outlooks
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.
Markets continue to weaken.
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.
Weak markets leave little to buy.
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.