Updates on Trades and Entries
USB, EUR/USD, as well as what to do on the “no breach” daytrade morning and what it means to the remainder of the day, plus multi-chart watchlist building with UTX as an example.
USB, EUR/USD, as well as what to do on the “no breach” daytrade morning and what it means to the remainder of the day, plus multi-chart watchlist building with UTX as an example.
There’s something to be said for sticking with what’s working, and this is the third week of TSLA printing money. Based off these signals, I think we’ll see more of that into next week.
Stocks continue to trade inside an end of year utopia and I think we’re going to see at least two more days of that. Let’s review some of the charts that should perform the best should we remain in that environment and my plan as we move into 2020.
I’m looking for this melt-up to last into Dec 31, and then this is what I’m doing next.
If you are looking for rationality, you are looking in the wrong place. Here’s how to play it.
Yen weakness today confirmed equities strength, and when breaches fire to the upside for the ES and NQ, not only do these markets become better bullish plays, there are currency pairs that are also going to be offering setups.
The window dressing rally as we head towards the end of the year should not be ignored as the low volume we’ll see through the remainder of this week. The long side of the equity and equity index markets are still the path of least resistance; just be sure to focus on the double greens.
LULU has been one of our favorite stocks to trade this year, and it looks like it wants to break out and head for a $240 price target. This is how I’m trading it.