The indexes made new highs last week, but after a tumultuous news cycle, they are soft — largely, I believe, due to the weakness in the FAANGs. A pullback to the 21 ema prior to earnings season would be ideal, but will we get it? Let’s also look at what is setting up nicely — PINS, NKE, CVNA, and more.
In this video, I recap the trade alert on the NQ and what patterns and levels I watch each day as I prioritize the first 30 minutes of the trading day.
Lots of movement on the daily timeframes for the currency and metal trends. I discuss how to handle the cost and risk of overnight trades as well as recap our daytrade setups in NQ from today.
In this video, we look at the major move higher and where it may take us. We also look at a big win for a “pinning” trade in the SPX I set up for everyone in the main room today and how I found it.
When looking for trend following swing trades, it’s best to focus on the trend first, the entry second. And in this video I’ll walk through Silver and Copper and why Gold is NOT a trend trade, yet.
The daily time frames that are looking like the best trend following swing trades are discussed in this update.
We busted symmetrical support on the FDX Daily chart, so I’m using a weekly chart to find support. Please be sure to wait for triggers. Have a wonderful weekend!
