I don’t want to mince words: I am looking for a higher high to short and Friday’s rally could be what sets up Monday’s short. In the meanwhile, I take a thorough look at today’s bumpy ride to the upside and why the yen never let us short.
Today, we traded a fantastic short covering rally going into the cash close. I’m on the watch for another one Monday morning. In the video, I explain how to find these setups, along with how to trade them.
This was an historic week in trading, with emotions heightened, funds blown out, and multiple limit up and limit down moves. One thing is for certain, the volatility is here to stay. Check out how I’m trading it, and planning for Monday’s open.
In this video, we take a look at the end of the Bull market as we officially crossed into Bear territory today. We discuss levels and what to expect from the turmoil.
With rollover plus limit down moves today, the best way to trade the indices intraday was to pick a side and fade the strength. That is exactly what we did and here’s how to recognize the setups.
I am wired for bearish markets. Not that I am a permabear. Not at all. But panic and fear driven markets tend to be more predictable than bullish ones. A trend is a trend, and the direction should not matter to a trader. We have been slaying these down days and I want to do as much as I can to increase your confidence to trade these markets.
