Santa showed up, but he forgot to bring the COVID stock rally along with him. Today, we experienced some sector rotation out of COVID names and into large caps. Will the sector rotation last, or is it a one day move? Let’s look at CHWY, NIO, NVTA, and more, along with some solid new setups in our favorite FAANG stocks.
This is what the seasonal tendency and the last two sessions say about the Russell as 2020 comes to a close…
What effect does “window dressing” have on the markets and how can we use this?
Pullback in the RTY that has triggered on a 5 minute chart… your risk is defined.
In the weekend review, we spend some time looking at our TSLA and PINS butterflies. Entering as a fly and exiting as a ratio or vertical can be a great strategy in the right spots. That, plus a round of current setups and a few of my predictions for the first quarter of 2021.
As 2020 winds to a close there’s something to be said for raising some cash and taking a few days off, but when we get into the first few weeks of 2021 I’m going to be looking to put some money to work in these 3 stocks.
Entries in the CL and NQ today presented two views on risk when considering time to the market close as well as the volatility — or lack of — we will see on and off throughout the remainder of the year.
Daytrading and longer-term daily setups have more in common that not, and we’re going to stick with the long side.
