What the market is going to do next is all a matter of perspective. I’ve been applying a monthly, daily, and 15 minute approach to the current markets, and I think that’s a helpful way of making decisions in this environment. Let’s look at what that means and how it may apply into October expiration.
As the uptrend transitions into distributions, is this really a precursor to a downtrend or is there another scenario? I share both scenarios and setups in this update.
First we explain why transitional markets are difficult and why daytrading through this brief period makes sense.
After another nasty sell-off with tech leading the way, I’ll be looking for a bounce and getting ready for the next shot lower. In this video I also discuss being long honey badgers like TSLA and NFLX.
Today we see another index-wide sell-off. In this video I throw out some ideas worth exploring when the market changes personality like it’s doing now.
UPST has a nice cluster of support and is a royal setup. Be sure to wait for triggers.
With the OPEC event sending crude oil higher, the gasoline and heating oil markets are also fair game as well as specific oil stocks. Here is what is on the radar.
It’s by far the most difficult market to trade, however, this is where having a handful of ways to see the transition helps us manage expectations and our watchlist.
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.
