I share how to use two VWAPs to gauge a likelihood of strength or weakness on the daily which helps with directional bias for daytrades as well as corn, soybeans, bonds, gold, and silver.
If you are in our live trading room, you would’ve seen the timing for a high and resistance today around 10am Eastern on the ES. If you’re not, come join us for live price and timing analysis in the Fibonacci Room at Simpler Trading.
I took an aggressive entry on NET last week, but I’m going to be adding to my position on a pullback, which is happening now.
This week, the key earnings announcements begin, with JNJ, NFLX, DHI, LRCX and more reporting this week. While the market pulled back slightly today, overall it was a non-event — however, I do believe that the market will move big once these companies begin to report. While the path of least resistance is lower, it will all depend on what investors take out of the reports.
The grains continue to move but not all have been trading in a high quality uptrend and giving us a chance to buy the dip.
Trading pullbacks and rotations can feel like a game of cat and mouse, but it doesn’t have to if we can measure trends and sectors.
In this video we will take a look at all core parts of the market from the indices to sectors, currencies, commodities, bonds, and international markets. Let’s dive in.
The market is a bit extended in the near term, however, most sectors and core parts of the market have sound structure. A pullback would offer opportunity in these names, let’s review.
