While FAANG stocks, particularly TSLA, NFLX, and AMZN, continue to explode, I still think there is more room to run. Let’s look at current setups, along with trades in AAPL, MSFT, TSLA, and more as they rally into earnings. Right now, it’s all about the run into earnings for me — and trading it with care, but continuing to follow the trend.
In this video I walk through the logic behind looking long only: the NQ long this morning, and the XLY and XLC trades and how they are like trading a piece of the NASDAQ.
In this video I walk through how to get the most of your futures membership by understanding how to find the style and strategies that are best for you.
While the momentum has subsided, the trends in many markets, like the NASDAQ and Consumer Discretionary, are still very bullish. And so am I. Here’s how to trade breakouts in this environment and how I would handle a retracement.
As long as I am trading in “double green” markets, my rules tell me 1) Buy the pullbacks, and 2) Don’t pick tops!
