Twas the night before the FOMC
…Low volume, hesitation, and concern about the taper. But what must come first? I explain exactly what to look for in this video.
…Low volume, hesitation, and concern about the taper. But what must come first? I explain exactly what to look for in this video.
While technology has made the move to the upside we were looking for, a few other sectors are showing signs of exhaustion, which could put pressure on the overall market. Here’s my game plan for the next few days, and a few setups that I think could be ready to short, should the markets top out soon.
Tech stocks have been leading the way as of late, and while there is the potential for a bit more upside, now is not the time to get overly aggressive. Let’s take a look at how I’ve approached $GOOGL with different position sizes, along with a few setups that could be short-worthy of the next few weeks.
Square is experiencing a nice move today, and if we get some continuation tomorrow I think it’ll be on its way for a nice price breakout. I’m going to trade this using a bullish butterfly.
ALX is a royal setup that is having a pullback. You can use the larger swing targets. Be sure to wait for triggers.
Apple, Nvidia, Amazon, and Microsoft are waking up, and as we enter an options expiration week, we are looking for upwards movement in addition to pinning strikes. However, there is also a major Fed meeting which I believe will spook the market, and a lack of momentum overall. Here are the trades and tickers I am looking at this week.
One of the most important time frames for daytraders is the daily, here’s why…
Lots for the market to digest and I am sticking with the bullish corners of this market.