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…
Today, a key shift that we’ve been seeing ever so slightly has become even more apparent. Recent IPOs, cloud stocks, cyber security names, and tech were taking it on the chin, and we saw a rise in transports, financials, energy and industrials. It’s rare to see the laggards trading higher with force, but that comes with sector rotation, and it’s critical to quantify. Let’s talk about the shift going on and where we will go from here.
With a breakdown of the broader average with the individual sector weightings, the S&P is climbing into an overbought zone.
With the market trends being the guide, I am still bearish many markets. The shorts through August got thrown for a loop because the market ratcheted higher to another resistance level. In this environment where “news” moves the market, and the market ignores data and macro, one of the best ways to control risk is to day-trade (which is the second premium video today).
