A Strong Sign
Today, we experienced a strong day in the indexes with key stocks leading the way higher. However, we rallied directly into resistance. Is this a make or break moment? Let’s look at MSFT, AMD, NVDA, COST, WMT, WORK, CLX, and more.
Archives: Daily Videos
How do we “see” a bottom?
The answer often comes in how I would build a portfolio and the gainers we see first. In this video I explain what those markets are and how they reveal where we are in this down cycle.
Is intraday volatility creeping back to normal?
As historical volatility exploded, we all saw the aftermath in Value at Risk issues with hedge funds, and I shelved my volatility-derived support and resistance levels. Knowing where these levels are gives us more confidence for entries and exits, and the current levels are telling us something about intraday action.
The Next 6 Months for Walmart
Despite the wreckage we’ve seen in certain parts of retail, WMT has held up well and may continue to do so. I’m considering these chart patterns for the potential of a push higher over the next several months.
Live From Quarantine — Day 21
As society continues to adapt to social distancing guidelines and the reality that will be post-COVID 19, there’s a few companies that are going to emerge as winners. We start tonight’s analysis with some live trading in one of the names I think will continue to benefit from these changes, NFLX.
When does it make sense to be bullish?
Long term versus short term, right now is still short term setups. So the ability to be nimble and “root for the bulls” is especially key at certain levels within the trading range. I explain those levels, as well as when to shift back to bearish in the NQ, ES, and more.
Intraday and End of Day Discussion
Rounding out the week, we can see where the market clarity is and it’s on the daily time frame. Intraday we have dealt with many unscheduled volatility events as well as a lack of yen clarity, so here is what do with “yen in the middle” situations intraday.
