Pitbull Lows and Pullbacks.
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.
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.
When the short squeeze runs out of steam, I want to focus on the canaries — the stocks that will die off first. Let’s look at XLI and BA.