In this video, we look at the straight up move we have been having in the market and the crazy chart over the last several weeks. What does the volatility tell us and where do we go from here? What should we watch for to give us an insight to the next move?
Don’t be fooled by new all time highs, the structure has changed and so have the probabilities.
Over the next few weeks, there is money to be made and fortunes to be destroyed.
This video comes from a request in the trading room for a breakdown of a sector and index for the names to keep an eye on in this choppy market.
The indices are in chop and in chop the language is “overbought” and “oversold” and overbought is just overhead…
AAPL is just below the 50 SMA, and with the Nasdaq breaking out, I think AAPL is next on the list. Here is how I’m trading it.
The Nasdaq is poised to breakout, following the breakout above resistance in the S&P as bulls are finally coming out to play. TSLA and NFLX are on deck this week for earnings, along with a host of others, in addition to potential short dated runs into earnings in GOOGL, AAPL, and more. Here is my breakdown.
A number of commodities and currencies are setting up trend trades… and they have ETF alternative options setups as well. Here is what is on my radar.