Just when you think employment numbers are the market moving factor for Friday, Trump’s Covid diagnosis hits the wire and we’re reminded of the volatile and unknown nature of the markets. Regardless, there are still great opportunities out there. Let’s review the ones we’ve been taking advantage of.
The Dow was once again the most resilient index in the markets, and transport continued to outperform, but it is the NASDAQ that has my attention for next week, if it forms one of two specific patterns.
This is a stock picker’s market, and I like these two honey badgers.
The YM, ES, NQ are all sitting at levels that are important to intraday directional bias and follow-through.
Patience is a skill every daytrader needs and the reasons to be flat and sit on the sidelines are ones we need to be crystal clear about.
In this video, we look at the crazy price action today and try to make heads or tails out of it. We dig into the important levels and look for clues to what may happen next. We also talk about upcoming events and how this may effect the market.
