Bulls continue climbing the wall of worry and with big names like AAPL starting to show up, there is a chance we’ve still got plenty of trend left. Let’s review that along with a few of my current setups for monthly expiration.
It is so important to talk about a trade when it DOES NOT go in our favor because it happens. It is part of trading. Learn to manage your risk and you will make strides in your trading. Here’s a deep dive in a market that is not going in my favor right now: Crude oil.
Crude oil has been a story of what happens when a trending market begins to chop. The US dollar continues to tell the story of why taper is bullish for the dollar. Gold reminds us that chop can transition to a trend again. Lots to review in this update as well as how to handle drawdowns without frustration.
Uptrends in the indices mean that we can buy the dip and a week full of FOMC speaking means we have plenty of reason to expect volatility.
I walk through the two stages of the end of year rally as well as US dollar strength and what our levels are this week.
Cloudflare (NET) has been one of my favorite tickers to trade all year, and I see it setting up again. Here is what I am seeing.
This week is monthly expiration, which typically means a slow chop higher. For this move, I’m eyeing MSFT, GOOGL, AAPL, NET, NFLX, and more. Additionally, we have some key tickers reporting this week, including LCID, LOW, WMT, and HD.
Lots to like about the new uptrends in both these symbols as well as the fact that we can look for pullbacks based on a busy FOMC week.
