Spooky October
We saw a big sell-off this week into gigacap tech earnings, while the market seems focused on the uncertainty of next week’s event. We’re seeing oversold intraday clashing with not oversold daily/weekly. Let’s review the major levels.
We saw a big sell-off this week into gigacap tech earnings, while the market seems focused on the uncertainty of next week’s event. We’re seeing oversold intraday clashing with not oversold daily/weekly. Let’s review the major levels.
As the market traded through a key level of support, the bias that turned bearish on Monday has served daytraders well this week. Here are the shifts and tactics to consider.
Using historical volatility will help us discern which markets are accelerating to the downside and into chop. There are relative outperfomers I have my eye on, and I am only shorting the morning daytrade setups. All that and more in this video.
This week—Monday specifically—established bearish directional bias in the indices. However, we will see bounces like we saw today as even weak markets can rally, and rally swiftly. The shift is to a more granular look inside the indices to the relative outperforming sectors and stocks.
This video discusses the indicators, levels, and specifics to understand when the market is flashing signals having “come undone”.
In this video, we look at the massive sell-off we saw today as the indices really took a hit. We look at what is going on with the market and what levels we need to watch. We also talk about the plan for the election.