Putting risk above reward requires a certain market maturity, and the patience to play those pullbacks are rewarded when we know how to recognize the trends and then what retracements we will buy (or sell). The stock rocket continues higher as it often does after the State of the Union, but that doesn’t mean that there aren’t interesting buys in gold, bonds, and the yen.
This oversold rip has been on fire, with many megacap and high short interest tickers making big moves. Let’s talk about MSFT, AAPL, TSLA, PTON, and more.
Pullback trading is my bread and butter for trends. This one happens to be a fairly conservative entry. There are a few reasons why this is an interesting setup and there are two zones to watch. I explain all of that, as well as my GRaB candles, in this video.
I am still bullish in front of the SOTU address tonight, but that does not mean that there are not setups that are lining up in case there is a pullback… think gold and bonds. Daytrades are continuing to outperform and let’s not forget that we’ve added the yen, gold, and bonds to the morning daytrade list.
I was especially interested in TSLA on Friday for one particular reason. Today saw shares rally 20%, and the driving force behind it may not be what you expect…
Monday saw a nice recovery in stock indexes, but I’m not sure bulls are out of the woods just yet. I want to review a few earnings that are due out this week and stocks I’ll be buying regardless of what the broad market does.
What has copper shown us that makes it a valid buy? Not just price, but volume as well. Here’s how I find support and resistance just under the surface on the price charts.
