Tonight we’re looking at a couple of companion stocks, ATVI and EA. One has already made a critical target, the other might do it before or for earnings. After that we’ll recap NFLX from last week into today and the outlook going forward.
Most of this week’s trading focused on short term opportunities and the volatility crush around earnings. Next week will be similar, with the notable addition of a potential correction for the major indexes.
It’s a pretty direct one and that is looking at the RBOB gasoline contract for a short as crude oil retraces to a resistance level and a shorting opportunity of its own.
They’re called HPMRs and they are a unique tool I created many years back that measure historical volatility at specific times of the day and week to help identify support and resistance that most traders don’t even know are there. These are available to members free for the ThinkOrSwim platform, and here is how to install and use them.
If all of a sudden you thought it was safe to start buying, I’d like you to consider this.
While the markets look great price-wise, there are multiple signals that we are about to roll over in a big way. Let’s take a look.
Here is the list of what I call “grocery store” commodities that should be on your radar. It’s not always about the NQ and ES and CL… and sometimes the setups and narrative is better elsewhere.
Doing a thorough scan across the markets helps prevent target fixation on a handful of symbols (not good). In this video, I walk through the grains, meats, treasuries, metals, energies, and equities.
