We had a higher probability for a range-bound morning session, and in this video I explain what I was looking for: the levels that identify “fade” entries, which worked great for a day that didn’t seem to find traction… and that’s okay because it is tradeable if you know what to look for!
The geopolitics still are not rattling buyers. It’s still a buy-the-dip market. So we focus on the double green indices, sectors, and stocks — and it’s been working great. I also follow up on the crude market and related stocks as well as the 30-year Bond winner we’re managing.
When the markets are sloppy, look for stocks like these that don’t care about the indexes.
I have my eyes on two key semiconductor companies that experienced runaway gaps after their reports last quarter. As such, I’m looking for momentum going into the report. This is how I’m trading $SMH, $LRCX and $INTC.
We’ve been waiting for a pullback for weeks, and with the ongoing geopolitical tensions, we are finally getting one. I’m buying this dip, and focusing on TSLA, AMD, XHB, LOW, XLP, and more.
Thirty minutes before the bell, the Japanese yen had a strong message to traders: Don’t short stocks. Here’s how to read and confirm with the yen each day before your daytrades.
And why would they? This is not the first geopolitical tussle we’ve seen (remember NoKo) and Powell is not letting off the gas pedal. I’ve warned we may not see the window dressing unwind this month because of the anticipated January 15 Phase 1 signing, although that could change quickly… for now stick with pullback buys and silence the top-picking monster because it hates your money.
