On down, or flat days like today, I like to go honey badger hunting. The honey badger is the stock that doesn’t care what the overall market is doing. I have liked CYBR for quite some time, but it currently has a beautiful Five Star pattern, along with a daily squeeze — and run into earnings. Here are my setup parameters.
As the short squeeze ran out of momentum, I began focusing on the canaries in the coal mine — or rather, the tickers that were dying off first. That includes XLI, XLF, BA, SPX, and IBB. I’ll also discuss our key sectors and what to watch for, when it’s time to buy.
The monthly tendency known as the Pitbull Low is upon us. Here is what it is and how I am trading it.
Here is where I am looking for our next wave of entries and also how to manage open winners in MSFT, MCD, as well as the longs in NASDAQ and S&P.
I like this setup, and this is how I want to play it to maximize the opportunity.
This is how I’m setting up my trades for the rest of this week.
It’s summer and the trading levels are “spongy” like that can often be. Doesn’t mean we can execute the morning daytrades but it does mean we should modify the entry levels. Here is how I am doing just that.
We’re sticking with relative performance on the daily time frame setups, and we’re patient on the day trade breaches … and it’s working out very, very well.
