Between the pitbull low last week and the seasonal rally this week, December has come through almost exactly as expected. The one distinct exception is TSLA, which had a great day today, and we’ll spend some time on the most recent outlook and management in tonight’s video review.
Opportunities don’t have to come in the form of the index pulling; sometimes they will occur at the sector and stock level. Here’s how I do it.
Digging deeper in the composition, the index futures not only offers better confirmation, but it offers more opportunity.
In this video, we discuss the market action around the FED announcement today and what it may mean going forward. We look at levels in the SPX and talk about what could happen in the short term. I have been Bullish for a while and continue to be Bullish, but much more of a cautious Bull at this late stage in the rally.
One of my favorite setups to watch for each week is the “First Come, First Serve Fade” with crude oil inventories each week. This is a setup that I have been trading for over 20 years and we have a distinct advantage now, with a simple calculation I created just over seven years ago. I explain it in this update.
How do we keep from overtrading, especially on FOMC days? What are events that trigger fades? And how can we be more patient when daytrading? All that and more in this update.
