The Elevator Up Market
Now that we have moved 400 points straight up, what happens next? In this video we talk about different scenarios and how they may play out.
Now that we have moved 400 points straight up, what happens next? In this video we talk about different scenarios and how they may play out.
This volatility means a trader needs to revisit their watchlist often and look for shifts in strength and weakness on both the monthly and daily rankings. Here’s how I do that, and a few markets that are on my radar.
What a difference a day makes in our book of trades and where are we in the expectation for more follow-through? I cover that as well as how to use the monthly and daily relative performance to keep tabs on corrections and entries as well as keeping the watchlist we work from up-to-date.
If you still have your analysis pointing to more downside (I do) and you are looking for shorts, consider relative performance laggards. Those names are just a step behind everyone else rallying this in “bad news is good news” environment.
A recap of levels, targets, and trades that are wandering from their zone and how I am handling it. Seeing how the decisions are made is part of the learning curve of the game. I also walk through the gap setup from this morning.