Daytrading Tactics: Long gold, bonds, and short US dollar.
Let’s stick with what’s working: Morning daytrading buys, long gold, long bonds, and short US dollar.
Archives: Daily Videos
Is CHWY Ready to Go Again?
I love trading Chewy, and with the recent consolidation, I’m eyeing it for entry, again. Let’s go over my trade setup in the video.
A Skip and a Hop from All-time Highs
After recent volatility and whipsaw action, the market has decided to chugalug on higher. Price action brings us directly below previous all-time highs, and we can see relative strength winners (COST, TSLA, CHWY, MSFT, AAPL, PG) leading the charge higher. Let’s check out my favorite setups and talk about where opportunity lies.
Another Wild Week
Another wild week that begs the question: do any of these moves make sense? Well, guess what? It’s okay if they don’t right now. Having those feelings of “no edge” can be frustrating. I look at a more bullish and yet conservative outlook heading into the end of the year. Every dip keeps getting bought, but we all know it’s more complicated than that!
NVDA, LULU, GLD, and Bio-Tech
In this video, I outline the wild moves we’ve had in the index, and briefly review what to look out for. There are some decent setups forming, but I’d prefer seeing Monday’s open. I want to focus on NVDA, LULU, GLD, and bio-tech into the end of year and for 2021.
Stick with the long side
While volatility will remain higher in a distribution market trend, the market has—since last Tuesday—indicated a bullish Directional Bias, and today’s action was a perfect example of focusing on the long side of this market, both intraday and end-of-day.
A breakdown of this morning’s trade
A few rules that will help you with trades: Stick with the long side intraday. Focus on the range lows defined by HPMRs and VScores. Remember that the YM is the best relative outperformer. I explain that and more in this update.
