Know Your Relative Outperforming Sectors
On a day like today — where the indices grind lower — being able to shift to the relative outperforming sectors offers an EDGE.
On a day like today — where the indices grind lower — being able to shift to the relative outperforming sectors offers an EDGE.
I love lemonade and I especially like to make it on a day that the market is pulling back. Sector analysis has never been more important and add to that the way I find relative outperformance, and there is plenty to love about a down day when you know where to look.
I like CHGG because of the breakaway gap last quarter, along with the fact that it’s a COVID stock and it has high short interest. I’m not in yet, but here is what I’m looking for. Also, if you missed my webinar about how to grow your options account and my 600% gains, check it out here: www.simplertrading.com/ticker-replay/
Next week and the week after are the prime weeks for the typical bullish run into earnings. After that we are entering what is likely to be big volatility, with the election. Let’s look at how I’m setup, along with potential setups in these key names: PENN, FROG, TTWO, CVNA, LVGO, TDOC, PTON, PLAN, ORCL and more.
End of day times frames in chop, I’m waiting for some oversold levels to fade.
In this video, I tackle a popular question: How do we trade futures for the openings of other financial centers around the globe?
Let the madness begin…