Finding relative performance is the key to watchlist building, and daytrading is no exception to this. Look in the less ideal places for trades and you miss the better setups. Here’s what today’s Dow setup led to in the sectors.
Connective threads. Relative outperformance. Trading sectors on the short term time frames. Let’s recap today’s morning session in preparation for tomorrow.
We got a signal change again this week, to the upside… let’s look at three stocks that are poised to participate in the move.
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.
Watching the market for entries immediately after the bell can be tricky, but there is one exhaustion level I always look forward to seeing. I explain it in this update.
We still haven’t made overall extensions of the most recent sing… look for smaller time frame pullbacks since the 8 has crossed back over the 34.
