The market woke up late after a cloudy weekend, and all signs continue to lead to storms. It’s a key FAANG earnings week, along with an upcoming election, stimulus talks etc., so there is sure to be more volatility like there was today. Let’s look at key levels and stocks!
First, how do we measure and know that it’s a higher than normal price movement day? And how do we know where to go to take advantage of the move?
Relative outperformers, volatility ranges, and VWAP based Directional Bias. This is a perfect compliment to the notes I sent to members today!
There’s a perfect recipe for a short squeeze setting up in this solar powered ticker, in addition to multiple potential catalysts. Let’s talk about how I’m trading SPWR. Also, if you want to learn more, join me for my stock picking and options mastery class on Saturday, Oct 24th.
Between the failed stimulus, upcoming election and earnings and squeezes forming on the indexes, the market barely moved, except to pullback. We didn’t get our famed run into earnings, but what we are getting are squeezes all over the place, which are going to break out, and soon. Let’s look at PTON, MSFT, TDOC, LVGO, YETI, ORCL, ADBe, HD, WMT, NKE, UPS, NET, and many more.
Here’s what is outperforming the YM and NQ and what I have on my radar for Monday.
The science of watchlist building is as important as ever, as the broader markets are experiencing a VWAP vice grip.
