Retail Is At Record Speculative Activity. What Could Go Wrong?
While we don’t want to fight the tape, these are solid signals I’m looking for.
While we don’t want to fight the tape, these are solid signals I’m looking for.
With an abbreviated trading week on the horizon I’ve got 3 names in mind that may offer continuation and the opportunity to setup a 3—5 day swing trade.
The wall of worry is a real thing, but bulls stood up to the challenge this week holding the gains Powell brought on Monday. Are we stable enough for another leg higher? Where can we find the best setups? This is what I’ll be following when we open again on Tuesday morning.
What’s the difference between getting shaken out of a trade or being pulled into one? Volume. Here’s how I decode that on my charts.
Going into the long weekend we are long bonds, gold, and short copper. Our crude oil short level was also hit but there’s no reason to rush or get too aggro. We have to understand risk from the stop loss levels and I walk you through all that and more in this video.
This is the only chart that matters in this hurry up and wait game.