Last night we considered the idea of selling Euro while biding our time waiting for setups in other markets. Tonight we update the situation in both the S&P 500 and in Crude, but there still isn’t much to do there yet. Thankfully, the Euro idea reached down to its first target today and we can look at how to manage the remaining portion for anyone who took this short.
If FDX can’t find buyers tomorrow, here are downside targets in the trannies.
The long-term patterns in crude oil continue to favor much lower prices. But it’s dangerous to jump on this idea without a short-term signal.
Indices are still bullish, but with the potential for a correction at any time, I’m looking elsewhere to find trades. Perhaps shorting the Euro?
We’re just a couple dollars away from a massive TSLA short squeeze. Here is how we are trading it.
The market continues to show its strength without any signs of tiring. Let’s look at current trades and new ideas in TSLA, LOW, TJX, ROST, KMX, and more.
In today’s video we’ll examine what on the surface looked like a setup that I would normally take when daytrading the morning. But in this case there were specific warnings and math that steered us away. Complicated? Not at all. You just have to know what you measure.
