The tops are holding.
Despite the on-again off-again US/China trade narrative, the tops in the broader averages are holding. I also have my eye on a few softs.
Archives: Daily Videos
FB: Then and Now
I looked at FB several weeks ago and thought it was ready to break down. It then promptly rallied for 3 weeks, but setup a nice short for us on Tuesday and may have more room for bears to step in.
The Breakdown in AMZN
I’ve been focused on AMZN this week, in a pattern I thought was ready to break down. After getting through “Alexa Day” the selling became more relevant. Let’s review this trade, our UBFly in SHOP, and everything else that’s been a part of my portfolio.
Base Building Weekend
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Consistent Daytrading Levels and Setups.
Waiting for Directional Bias is the key, and keeping exhaustion levels using the VWAP on the charts automates your zones. Keeping it simple…
Status Quo
Support in gold and bonds are holding, resistance in the indices are in place, and energies are selling off. The end of the month could be good for the risk-off and equity bears.
What’s Next In NKE?
Nike was rewarded for its most recent earnings report, and while I don’t think I want to buy shares on the breakout, the idea of shorting some premium gives us several (I think better) options.