In this video, we look at the overall market and where the indexes are trading. We have new all time highs in the Dow, the SPX just looks indifferent, and the NDX looks like it wants to die. What to make of this and how to trade it? We look at levels and try to figure it out. In addition, we look at a quick scalp I did in the RUT today as an idea for day trading these market swings.
As the tech sector drags on the broader averages, where are the bullish trends in this market? (and there are plenty!)
Reflation is great for commodities and that’s where my focus is: Trend following daily time frames and also WHY daily time frames are important to daytraders.
AMAT has triggered on a 15 minute chart. In this video, I give you daily and 15 minute levels.
Today’s moves intraday in the NQ and AMZN had their fates sealed by a pair of VWAPs, which I explain in this video.
In the chat this morning you saw me switch gears as soon as the “blue light specials” lit up with the morning weakness triggered by former Fed chair Yellen. Here’s how and why I did it. Including how to anchor VWAPs for a more sensitive reading on directional bias.
LULU has a few setup zones… please be cautious since there is resistance. As usual, be sure to check for triggers.
