Waiting for the S&P to Breakout
What’s the path of the S&P before new highs and what does the pitbull low mean to the setup?
What’s the path of the S&P before new highs and what does the pitbull low mean to the setup?
In this video, we go over the extremely slow and choppy market we have had this week as we get ready for the CPI report in the morning. This may help determine which way we go from here, so we need to pay attention to this as well as the FED next week. We go over the charts and levels and see if we can get an idea of where we might go.
Short-covering rallies have been the theme of the year, and this setup in $PLBY looks like it could fit the bill. Let’s take a look at this setup and a few others that look poised to run higher, even in the midst of this choppy market.
While the structure of the indexes still points towards a move into new highs, the chop-fest has continued early this week. Let’s talk about a few adjustments you can make to better survive the chop, and ultimately reap the rewards, should these squeezes start to fire long.
US dollar shorts in this macroeconomic environment are still my focus but specifically against three currencies. Here’s the watchlist and what I am looking for…
If it ain’t broke no need to fix it… we can also expand to more commodities/futures related markets for more and better opportunities.
GME has earnings coming up, and along with ridiculously high IV it also has a huge market maker expected move. This provides opportunity in the options market. Let’s walk through some ways to trade it, using low risk, high reward options strategies.
The market has been a bit sluggish as we’ve entered summertime trade, but there are several key setups I’m eyeing, and even more earnings trades. Let’s check out MSFT, XLV, GME, CHWY, PLAY, and more.