Primer on Exhaustion vs. Momentum Setups
From the environment to the individual indicator sets to the setups, I explain why in this environment you need to know when to look for retracements and when to jump on momentum.
From the environment to the individual indicator sets to the setups, I explain why in this environment you need to know when to look for retracements and when to jump on momentum.
While the markets didn’t disappoint with their volatility while I was on the road, here’s what I want to set up next.
The clearing range setup is a bread-and-butter setup for me in indices and stocks. With the persistent bullishness of an asset bubble, momentum strategies are valuable. Here’s how to do it simpler style.
The idea that breaches are more aggro because of their distance from the stop is true, but it is also true that the market also confuses itself for a rocketship, and we must adapt as traders. Since updating the group to a long only bias June 10, we’re taking the next step in this environment: How to set up breach momo and confirm it.
TSLA is my favorite ticker to trade, and with the gorgeous 195 minute squeeze in addition to the momentum move today, I am long and targeting $1050. Here is how I’m trading it.
The indexes continue to consolidate, along with key sectors such as housing and consumer discretionary. I’m eyeing several setups in TSLA, LOW, HD, MRNA, and more. Check out the details.
Using the volume-based tools I have, exhaustion trading off VScore and HPMR lows like today has been part of the process, but what about momentum moves? This is the beginning of that discussion for daytraders looking at momo entries.