Following the Process.
It’s often difficult to trust and follow the process when it runs into a more difficult trading environment, but there are tactics I use to help keep me on track.
Archives: Daily Videos
Updating the Watchlist.
Patience pays off and the watchlist grows as the market breathes a sigh of relief.
The Nasdaq Parallel — Deep Dive
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Steep Pullback at Daily Close
To access this content, you must purchase Bruce’s Income Accumulation System (Monthly), Mastering the Trade Room (Monthly), Strike Zone Mastery (Quarterly) or Voodoo Mastery (Quarterly), or log in if you are a member.
Powell, Williams, and the Euro.
Tomorrow we have two major events on the calendar and the implications for equities and the US Dollar are significant. Here’s a play for that event in today’s video: Short euro via FXE puts.
All eyes on Powell.
Much of my watchlist is based on a messaging shift from Powell as oversold buy levels and overbought short levels are reached and tested.
Micky D’s
Despite the selling that the market has seen over the course of the last 6 weeks, McDonald’s has held up swimmingly. I’m looking to this name to sell some premium, once the market starts climbing higher.
What Goes Up, Must Come Down
The indexes were hit by another round of selling today, in what seems to be a market with very little buyers (yet). I still have my eye on a potential short squeeze, but for now, the path of least resistance remains down and the most concerning to me is the hit the FAANG stocks are taking. Let’s look at AMZN, FB, MSFT, ADBE, GOOGL, and some of our honey badgers, MDLZ, MCD, SBU, and more.
