Yes another — the fourth — pullback for S&P and Dow futures trades since November. Do they happen often? Nothing worthwhile necessarily does. Prioritizing risk over reward is the main reason. Patience to control risk doesn’t come easy but the setups are plain as day. Let’s take a look.
A few times a week I emphasize the daytrading setups in the premium video because the feedback I get is that many of you really get a lot from the first two hours of the day and it’s a strategy you like and risk you are comfortable with. Here’s how today’s alerts played out, what levels we watched for entry and exit, and how to use HPMRs to your advantage.
I spy a potential squeeze in TTD. Let’s talk about the setup, along with how we can trade it.
This is already turning out to be a volatile week, and I don’t anticipate that changing anytime soon. Starting tomorrow, we have earnings reports from LMT, AMD, AAPL, and AMZN, MSFT, and TSLA later in the week. Here is my game plan, and how I’m setting up for this week.
As much as it’s talked about, “buying the dip” is a non-consensus trader. Think about today’s “dip” in the S&P and Dow. The dip never comes with good news… yet it’s a better risk/reward than buying at new highs in a trend! Gold is confirming that “buy the dip” is valid and in this video I explain why and where.
As we are going into February, it’s time to begin rebuilding our futures watchlist. In this video I share what the list looks like, how we’re building it, and how we confirm the trend.
AAPL has been one of the strongest stocks of the recent rally and I have no reason to think they won’t report great earnings next Tuesday. How high will it go? That’s really the question, and I’ve got a spread that works well for bulls and bears alike.
SPX saw a significant drop on Friday and may have triggered the beginnings of a deeper correction. There are stocks that I am going to continue to buy, but there are some important market nuances you want to be aware of as we get into February expiration.
