My Favorite Setups In A Volatile Market?
This is how to do this and still sleep at night — and two trades I have to take right now.
This is how to do this and still sleep at night — and two trades I have to take right now.
On a day of volatility and Powell, the markets may have overlooked a market that continues to sink: Crude oil. Here are the crude oil and crude oil related setups I have my eye on.
Despite Jerome Powell signalling that the printing press is going into overdrive, the markets were disappointed as the trade war narrative took a nosedive and geopolitical concerns took the lead.
Cloud computing has been hot for awhile, but when it started losing steam, it really started taking a dive. Let’s look at options to trade this to the downside.
We are at a key decision at 2950 in the SPX, and so far we haven’t been able to get through this area with momentum. Let’s look at a couple key sectors and industry groups, such as SMH, SKYY, NDX, and more, for specific trades.
This is the foundation of my watchlist building as well as how I ascertain what a broader average or sector may do next. I walk you through the Dow in this example and the setups that look best after today’s action.
Today’s action is very bearish, and while the broader averages do not reflect enough bearishness to justify a downtrend … certain sectors and stocks do. Here is what is on my Radar.