S&P 500 Still Has Gas in the Tank
The S&P 500 hit new all-time highs again today, and while Elliott wave patterns suggest that there is even more upside, my focus remains on waiting for pullbacks to buy.
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Managing Euro Shorts
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.
Did FedEx Just Kill The Transports?
If FDX can’t find buyers tomorrow, here are downside targets in the trannies.
Pondering Downside in Crude.
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.
Waiting to buy the S&P.
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?
$TSLA to New Highs?
We’re just a couple dollars away from a massive TSLA short squeeze. Here is how we are trading it.
Runaway Market
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.