Thinking outside the box
It’s not unusual to see a wishy-washy Monday following Non-Payroll Friday. Indices were choppy. But that does not mean that there were not daytrades to setup!
It’s not unusual to see a wishy-washy Monday following Non-Payroll Friday. Indices were choppy. But that does not mean that there were not daytrades to setup!
The month of June has plenty of high quality trends to trade and it’s not necessarily at the index level… make some small adjustments to what you are looking at and corners of this market look nearly as good as last year.
Does it matter what this video is titled? 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.
Bad news is good news in this market. Let’s see what semiconductors are telling us for next week.
The metals — copper, gold, silver — are looking strong and trending well. Here’s what I am looking for in these and metal related markets.
This market is not lacking trends and follow-through — it’s just not necessarily in the same places that trended last year. Don’t be frustrated. Build a better watchlist. Here are the must-watch trends.
RIOT has 3 out of the 4 moving averages on the bullish side on the Daily, so I set up a pullback on the 30 minute chart. Your risk is defined, but please be cautious of resistance on the way up.
Looking at today’s gap down and looking for a buy may be daunting, but it’s high probability. In this video I explain the setup and why the daily timeframe is so important to daytraders.