A Trio of Stock Picks
I love trading options, and they’re the core of my trading strategy, but there will be times when shares may be more appropriate. Let’s look at 3 of those in tonight’s review.
I love trading options, and they’re the core of my trading strategy, but there will be times when shares may be more appropriate. Let’s look at 3 of those in tonight’s review.
Timing is everything, and the approach I’ve got for the next 2 days is similar to what I’ll be doing into the end of the year, but we want to work the ebb and flow of these moves. With that being said, I think the next 2 days are critical, so let’s dive in.
Today’s intraday trades did well but there was one thing that had our attention early on… here’s what it is and how to adapt to a mixed signal open.
Many traders handle trend breaks and transition like a pendulum swing — that if we’re not long, we must be short — and in this video I explain that approach is going to bring misery and bad entries.
Today I’m focusing on a move higher in both the Sector SPDR utilities sector, XLU, and one of its companies — EXC. Let’s look at the technical patterns and squeezes across multiple time frames.
The S&P has been pretty stagnant between 2,885 and 2,915 — and many of the tickers we are looking at just continue to squeeze. While it’s slow, that also means they will break out — in a big way. I’m looking at earnings to be that primary catalyst for the breakout. Tomorrow, we will get results from UNH, BAC, JNJ, and NFLX, which will move the market in a critical way. Let’s look at these, and review AMZN, ADBE, ETSY, NKE, PANW, SNBR, SQ, TWLO, YETI, and more….
Why is it important to wait for the NQ to trigger entries? It’s the weighting.
Relative performance scans are a trend follower’s friend when it comes to being selective and putting a first class watchlist together. I cover that and the three types of calendars I refer to daily.