How To Trade Chewy

Tomorrow, I’m going to take another bite out of CHWY, as it has a fantastic Five Star setup along with some high short interest, and lots of attention. Here are the parameters.

Bulls take the bears for a ride

Another day, another new, all-time high in the Nasdaq, led by market leaders AMZN, MSFT, NFLX, and TSLA — though GOOGL and FB weren’t far behind. This roller coaster ride will likely come to a screeching halt, but we’re not at the end of the ride yet. Let’s talk about CLX, CMG, ZS, and more.

Raghee Horner Futures Daily Video

How To Handle Narrow Ranges

Compact clearing ranges. They are often great for breakout trades if volume confirms but tough for retracement entries. I explain what I am watching for and how to deal with this issue.

Raghee Horner Futures Daily Video

Shifting from Exhaustion to Momentum Entries

All week we have discussed how to use the GRaB candles and trends for retracement entries, but we also know when to shift to 10X candles and momentum for breach entries, and confirm both styles with volume. Here’s the wrap up of this series and putting it all together. Intraday or End of Day charts work the same in terms of the shift.