Nothing Else Matters
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.
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.
Intraday traders who watch the daily, will see that once the NASDAQ traded above the prior session and 14710, the bulls were in charge.
A review of this morning’s daytrades as well as our crude oil buy and metals 123 patterns.
We’ve been talking about this opportunity for nearly a week and here it is… crude oil triggered the buy zone entry.
A longer-term time horizon breakdown of the macro factors moving the market as well as the setups that are forming as the market is likely putting in the July pitbull low.
TSLA is at a very unique juncture. There are a few factors influencing the daily chart and a few influencing the options chain that have setup what strikes me as a great opportunity. Let’s look at that and one of the trades I’ll be focused on into the July expiration.
Thursday’s trading brought more volatility to the market than we’ve seen in weeks, and more bears than we’ve seen in the past month. Let’s look at some of the best levels inside that volatility and a few ways to trade it tomorrow and into next week.
In this video, we look at yet another new all time high today as we see FOMC minutes. We are getting stretched and extended but we don’t want to aggressively short this market, as it has an upward bias and momentum on its side.