In choppy ETFs such as XLE, two watchlists will emerge. With crude oil still at resistance at 58.00, we want our stock watchlist to be ready for more strength or a move lower from this level. Here is my watchlist for the XLE stocks.
It’s one of the stranger realities of this market: The data is awful. Globally. And yet, the markets continue to rally. Sure, Ray Dalio seems to have a decent sized bet of the market selling off, but for now, it makes more sense to make sure you are positioned long, selectively, than bet on a sell-off. And in an election year… So here’s how to build that bullish watchlist, or ROP+ as I call them.
In this video, we look at the levels on the S&P and talk about where we may be going into the end of the year.
In this video I walk you through the exact trades we focused on in the chat room today, the breach/retreats in the NQ and ES as well as when I like to “call it a day” in my morning daytrades.
Daytrading is an important skill that any trader can pick up. The process I use is repeatable, and in this video, I walk you through the process with the trades from this morning’s chat.
