Validity Levels.
With the kind of volatility the market navigated through today, questions about the validity of trends and positions are bound to come up. Here’s how our current book is shaping up.
Archives: Daily Videos
Daily Watchlist Scan.
Despite the major events hitting the markets this week, the daily time frame strategies I am watching are still valid.
The Bitcoin Show, Again
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Witching Expiration is Upon Us
The SPX made new, all-time highs today, and while the market is definitely strong and there are key pockets of strength to focus on, most of what I’m looking at is overbought and has the potential to revert to the mean. I’m beginning to add hedges, and we’ll look at the main focus for tomorrow, which is potential pins and expiration.
When Euphoria Hits
We aren’t at a euphoric state just yet, but the low put call ratio is a huge heads up that at the very least, a pullback in the market is coming. I’m placing my bet on the SPX, since the NDX looks like it still wants a new, all-time high. It may not come tomorrow, as we still have triple witching to deal with, but hedging as we get into next week makes sense. Here is how I’m doing it.
Fading Events.
Iran eclipsed the message from the FOMC yesterday and stocks retreated from significant highs. Here’s how I am setting up trades into this volatility and in front of tomorrow expiration.
Phase Two for June.
From FOMC to Friday’s expiration events, the market has new events to consider and our Watchlist continues to grow.