We are directly below a new all-time high in the S&P and the Dow, with growth stocks gaining strength and sector rotation continuing this week. Our favorite tech names have been lackluster, but if they gain strength, I can see them pushing the indexes through the new high. Without that, I’m looking at the indexes as overbought and running out of steam. Let’s talk about COST, PEP, XLP, XLK, MSFT, MA, V, and more.
The front month contract is where we want to do most of our active trading because of liquidity. However, the liquidity needs of a day-trader are different than the time needs of an end-of-day trader. Here’s how to know what contract to trade and the current trade in the energy sector.
There are trends and there is chop. It’s the difference between easy dollars and hard dollars. This is hard dollar time because of the distribution chop dominant in so many markets. In light of that, here’s what’s on my Radar.
Today I am taking a look at GOOGL for a potential bounce higher into weekly resistance levels. We just had a Daily Squeeze fire, the chart is getting a bullish signal on the Compound Breakout Tool, and it is starting to move into a stacked up formation on the SMAs. In this video, I discuss several different bullish trade ideas to consider.
In this video, I am taking a look at CMPR for a potential bullish trade idea. The Daily Chart is setting up nicely for a potential move higher, and we are breaking around Weekly Resistance levels with the strength this week. In the video I walk through several different bullish trade ideas to consider.
I’m looking at this reverse head and shoulders pattern on Facebook, and I’m trading it to the downside. Here is my setup…
