After the short squeeze rally higher this week, the S&P and Nasdaq are trading directly into resistance. This is a pretty good spot for bears to take another shot to the downside, but I’m crossing my fingers for an overnight catalyst to send us higher. In any case, I’m focusing on hot stocks to the upside, specifically cloud, cyber security, payment processors and some honey badgers. If and when we fail at resistance, we will start looking for downside options.
Daytrade Setup: Here’s how to enter a retest trade after a breach and also get better pricing on options in the RTF or futures when you do…
It’s not all about tariffs. J Powell & Co. meet in less than two weeks and the markets want to read a clear shift in policy as expectations for a cut in July rise.
It’s time to look at profit targets from these trades. Here’s a look at the setup and how I determine my targets.
We don’t want to get greedy. Follow the process, pay yourself while you can — not when you have to, and here’s a rundown on today’s daytrades and open daily time frame positions.
