How we daytraded today’s range
The market movement and news certainly did not look like a bullish day, but we know range breaks can tell us a lot. Here’s how we traded today’s clearing ranges in ES, YM, and RTY, and why I left the NQ alone.
The market movement and news certainly did not look like a bullish day, but we know range breaks can tell us a lot. Here’s how we traded today’s clearing ranges in ES, YM, and RTY, and why I left the NQ alone.
I’m looking at a cluster of setups that I see in housing — XHB, ITB, DHI, and KBH. Let’s talk about what this means, and how to trade it.
Currently the indexes are experiencing a normal pullback — here are the key levels to watch. Let’s also talk about MSFT, NVDA, NFLX, CHWY, PTON, MRNA, and more.
The uptrend in crude oil begs the question: Can this pullback be bought?
As we wind down the month and quarter, the expectations for a pullback are increasing. Where are we looking to get long on this move?
In this video, we look at the market and the indices for clues as to how high we may go. We talk about what is driving this and specifically the NQ. In addition, we look at a trade that I used in the main room for a nice win as an example of what’s working now.
This morning’s session was a perfect example of the advantages of the “long only bias”. In this case, the NQ took the leads and setup markets that track with it. In this video I go into detail on how and why.
I have received many questions about the how and why of the “long only bias” I have been trading with since June 11. Here is how to use this to not only trade the indices but also the related sector ETFs.