Snooze Fest Of A Market
In this video, we look at the choppy and sloppy trading we are having as the market searches for a bottom. We look at levels and what to expect.
In this video, we look at the choppy and sloppy trading we are having as the market searches for a bottom. We look at levels and what to expect.
Here are three of my favorites from my Grandma Loves It list. They’ve all been strong, and continued to hold up despite today’s price action. Here are trade parameters for butterflies, spreads, or long stock.
The indexes remain stuck between support and resistance, and today’s lethargic price action didn’t do anything to help solve that. I continue to look for the 200 SMAs on the daily charts of the S&P and NQ on a short-term basis, but I am stalking many longs for entries. Here is my Tuesday watchlist of everything I’m watching, including PYPL, AYX, VRSK, MSFT, ADBE and VEEV.
There are a number of names reaching the entry zones. Here I outline what they are, the levels, and the trading plan. This is a great video for members who are learning how I trade longer-term time frames.
The ES, NQ, XLU, and XLP are nearing zones that would setup long positions.
In tonight’s free video we’re looking at two symbols. One where I might look to fade the rally and resistance at $100, and one I’m already buying, and would like to buy more if we see any weakness.
There are a lot of opinions in the market right now. Most of what I read from traders into the close was rather bearish, and I can see those patterns, but all we need is a little bit of good news to shake them out. We’ll have to see. Let’s look at the ideas on a chart and what my plans are for Tuesday.