Daily Videos Archive

Market gearing up for 4300?

The overall market has continued to show bullish resilience at this Daily Cloud. Every time we reach the cloud this year, it is met with a big bounce for new ATH. We had a successful bounce to start the week, and now price is right under that ATH level with some nice intraday squeezes as a compass. Want to be mindful of a few things. First is NQ, which wants to lead the market higher. There are some BIG tech setups building and this could be what moves the market higher. However, we also need to watch YM as the lagging index. If they can’t get back above the 50D SMA and Daily Cloud, it has a chance to drag this market lower. As of now, ES is sitting in a D squeeze, so patience is king. Really honing in on Daily Squeeze setups on NFLX and TSLA. Also mindful of end of quarter Rebalancing that could impact the market.

Your Daily Edge for Wednesday 6/23/2021

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Follow the Leader

While other sectors in the market fell hard last week, tech stocks have continued to rally their way higher. Let’s look at a few clean setups within the leadership that could offer potential into the end of the week.

A Tale of Two Markets

While sectors such as the industrials, financials, and transports put some pressure on the $SPY last week, $QQQ has taken the baton as the leader here. Let’s look at a few setups within the tech sector that look promising for short-term moves higher, and some bigger picture things to pay attention to as we navigate the markets over the next few weeks.

The dust has settled, here are the trends to watch

It took a weekend for traders and investors to accept that maybe they panicked a little too much Friday. Here’s what has shown the most resilience.

Three larger trends to watch

While the indices are mixed, and commodities are generally weak, and the inflation trade is confused, three places look clear and ready for trades.

Update on ROKU and COST. 6/23/2021

We are at resistance in ROKU and COST, so trail up your stops or be ready to sit through a pullback. When we get a shorter time frame pullback, I am interested in trading these stocks since we haven’t met the larger swing targets and we have all of the moving averages on our side (royal setup).