A sign of relief in the markets as it seems the worst of the US/Iran tension is behind us, for now. A few lessons: Stocks are resilient and buy-the-dip is the battle-cry. Gold and crude oil will react strongly and are more bullish markets and the 30-year Bonds keep their cool and have said all along that this is not a big deal. Not to mention the 30-year is not trending… know your personalities and market phases.
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.
