End of Month in the Rearview
A tough three days of trading as the month and quarter wrap up — and good riddance! Here are the trades and critique of the currency alerts as well we our trades in the US dollar and XLK.
Archives: Daily Videos
AMZN — The Retail King
There aren’t many companies surviving in the face of the coronavirus crisis, but the ones that are, are thriving. Let’s look at the macro and technical setup in AMZN. Also, if you’d like to learn more about how I’m currently trading this volatility, check out my free webinar on Thursday, April 2nd at 7pm. With volatility comes opportunity. Go to www.simplertrading.com/madness/ to sign up and I’ll see you there.
A Rally into Resistance
The indexes rallied into resistance, but I don’t want to get caught in a bull trap. There are several key day trading opportunities if upside continues, but overall, I’m looking for further downside. Check out the levels where I’ll make my bets.
Follow the Leader
When there is a disconnect in the market — not usual when rebalancing into the new month and new quarter occurs — what do you follow?
Preparing for Tomorrow’s Futures Daytrading
End of month rebalancing starts 8 days before the end of the month, with the most impact 3 days before the end of the month. We’re daytrading through but what are the nuances of this environment? How do we daytrade price action?
Buy Bonds, Play Video Games
Stocks continue trading in a volatile range and I find it helpful now more than ever to focus more on setups, and less on predictions. Tonight’s free video looks at two of these technical trades in diverse products.
Live From Quarantine — Day 14
Buyers caught a breath of fresh air this week and now everyone wants to know if it’s the bottom, or where we can get short. Ultimately we need to be flexible and trade what’s in front of us. Here’s my take on what that looks like.
Following the Yen
Today was a day that the Japanese yen told one story while the indices told another. And this will happen, we play probabilities not certainties. I will not deviate from my process but that didn’t keep me from some yen buys with contrast. Here’s how that looked today.