Cracking open the broader indices
What does this mean and how is it the not-so-secret “secret” to better watchlist building in this environment?
Archives: Daily Videos
Trading GME and UNFI for a Run into Earnings
GameStop and United Natural Foods are both setting up for a Run into Earnings. Yes, they are volatile, and yes, they both have high short interest, but they also have solid statistics backing up the trades — if you can stand the heat. Check out some options in this video.
Are you Selling in May?
Sell in May and Go Away is coming through, at least in the Nasdaq, but the S&P and Dow have held up strong. However, I think that is about to change. I am eyeing pullbacks in all three indexes, and looking at key levels to start buying down below. Additionally, there are key earnings reports coming up in several tickers, including RBLX which reported today, PLTR, DIS, YETI, SONO, and more. Let’s talk about what I’m doing with them and why.
Update on NQ. 5/11/2021
I talk about setup zones on the Daily and the 120. Please be careful though… the 5 and 13 are crossed to the downside, we are now under the 50, and the only moving average on the bullish side is the 200.
Daytrading Relative Performance
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.
Daytrading Beyond the Futures
Connective threads. Relative outperformance. Trading sectors on the short term time frames. Let’s recap today’s morning session in preparation for tomorrow.
Houses, Cups, and Tractors
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.
The Spice Must Flow
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.