On Friday we looked at two equities that fit most of what we’re hunting in Honey Badger stocks. Let’s add one more to the list along with an unrelated product I’d like to start building a bullish position in.
Bulls had a strong showing to open the week, gave some of it back into the close, but overall the trend is still intact. Tonight we review some of the best spots we were able to take profits on Monday, new ideas around earnings, and a few ways to play SPX at these levels.
One of the most frequently asked questions I have been asked is “What is your favorite time frame?” In this video I explain what it is.
Long bonds, copper, gold, silver, and dollars continue to work as long as we enter at the best risk/reward levels and that’s a pullback. I also walk through what the plan is now with crude oil.
Wrapping up the week: What is working? How are aggro levels responding and what is the ideal time to step in with a futures option when the market retraces?
“I like to wake up early because I think the worst thing a trader can do is spend the morning just warming up” — here’s how to see trades before the bell.
Indexes are a bit extended as of Friday’s close, but that argument has been going around for awhile and we haven’t seen much of a decline. I don’t think we need to buy SPY, but I do have 2 fresh names I’ll be looking to put cash into on Monday.
