Today’s actions, from the morning lows we bought in the Dow, NASDAQ, and Russell, to the HPMR and VScore low, and then the Breach/Retreat… I walk you through all the setups and nuances so you can better see a textbook morning of daytrades, all wrapping up by 11:30 AM ET.
DECK had a nice bounce off of support a few days ago, but is now failing off resistance… what will happen next?
I have my eye on SONO, due to the current technical pattern and Hot Zone probabilities. Let me show you how I’m going to trade it.
The indexes continue to consolidate, which means they’ll likely break out soon. There are several key areas of focus here, including SMH, XLK, QQQ, and XLF. Let’s look inside these sectors, to identify our Hot Zone opportunities.
As we move into the next OPEC meeting, crude oil and gasoline are opening the door to setups that are going to continue to look good going into April.
Grains may be stuck but they are steady, energy is coming up on a catalyst with the OPEC meeting, and while there is not a lot to like in tech, the Dow and related sectors look great.
The market hit the level we were looking at yesterday and today the bulls took full control with one of the most impressive closes in recent memory. This sets up the bullish seasonality of April with the indices having multi-day squeezes and structure.
April has a bullish seasonality and we are seeing the bulls take control going into the start of the month. Let’s check out the indices and Wayfair as a potential play on the April bull.
Controversial but true. As long as you’re sticking with trends, your watchlist is your path to success. Getting that process right is job #1.
