Buying the Best
I’ve got to acknowledge that the market could see a correction at any time, but until it does, I’ll be looking to these leaders for continued strength.
Archives: Daily Videos
Bullish With a Chance of Disaster
Stock indexes closed well on Monday, continuing the advance we saw on Friday after the employment data. This could all reverse at any moment, but until it does, I’ll continue to focus on being bullish and working to find stocks that exhibit the best trends. We also spend some time on seasonality tonight, and how that may help us find good stock picks into the end of July.
Daytrading Adjustments
As the upward traction continues to dominate, there are some adjustments to be made.
Daily Charts on the Radar
As we remain flexible to the ongoing narrative of the economy and equities, we also continue to keep our watchlist fluid.
Recipe for a Blow-off Top
There are a couple of major levers working to drive stocks here. Let’s look at what they’re telling us, and also identify the support zone on SPY where entering a new trade makes sense.
The Warning Lights Are All Green
Let’s review the setups across multiple market “levers” that are all working together to power stocks higher. We will look for cautionary signals in the indexes, bonds, volatility, and the dollar. Most have impressive weekly setups to continue pushing on momentum, but at the same time, we want to be mindful of the entry on new trades, as the indexes trade well above support levels to start next week.
Two Other Ways to Trade Indices
Trading the index futures is a big part of my day, especially short-term, however, getting inside the futures to the individual stocks and sectors sets up more opportunity, as I explain in this video.
Index Futures — Sectors — Stocks Workshop
One of the most powerful ways to trade futures indices is to dissect, or crack open, the index contract and see what’s inside. Here’s the step-by-step, as well as the indicators I use to do this.