This weekend will dictate whether the market is heading higher on Microsoft in talks to buy TikTok (think: Better US/China talks) and Congress coming back next with progress on the next stimulus. Add the month-end outflows and new month inflows and we have the makings of some risk appetite next week.
This is why we trade the path of least resistance…
An amazing week. Let’s end it on an amazing note by trimming and trailing into the weekend.
This is a popular series of books from my youth and is also a perfect mindset for trading. It means that risk and even entries are a matter of which adventure you are prepared to take. Here is the current crude oil entry and different ways to manage it depending upon risk tolerance.
This is a great quote from the Anthony Hopkins movie, The Edge. In this case, sticking with the trends. I discuss the long crude oil trigger from today as well as the NQ/QQQ and the way we use calls to enter a trade so that we have more flexibility versus a hard price based stop.
In this video we discuss the FED meeting today and talk about the bigger event tomorrow from most all of the big tech names reporting after the close on Thursday. I set up a small hedge in case the NQ pulls back, and I go over the details in the video.
