Pullbacks are the name of the game
As we wind down the month and quarter, the expectations for a pullback are increasing. Where are we looking to get long on this move?
Archives: Daily Videos
Another Day, Another Record Nasdaq Close
In this video, we look at the market and the indices for clues as to how high we may go. We talk about what is driving this and specifically the NQ. In addition, we look at a trade that I used in the main room for a nice win as an example of what’s working now.
Risk On, Long Only
This morning’s session was a perfect example of the advantages of the “long only bias”. In this case, the NQ took the leads and setup markets that track with it. In this video I go into detail on how and why.
Charts look great! The real world… not so much.
To access this content, you must purchase Bruce’s Income Accumulation System (Monthly), or log in if you are a member.
How to trade the long bias
I have received many questions about the how and why of the “long only bias” I have been trading with since June 11. Here is how to use this to not only trade the indices but also the related sector ETFs.
MRNA and PETS
These tickers have three things in common — high short interest, they’re on my COVID watch list, and they both have potentially hot setups. Let’s look at trade parameters.
Opportunities at Highs
The bulls are showing their strength, but the put/call ratio is flashing a warning sign. MSFT, AAPL, and NFLX all made new all-time highs, and there are many COVID tickers like CHGG, MRNA, and WORK showing strength. I’m ready to get long, but cautiously.
Intraday Setups with the Long Bias
This is a shift we will stick with: The long side. In this video I discuss the 3×8 Prop dots, clearing range, initial balance, and VWAPS for entries.