While the conservative move here is to close all of your positions (unless you want to trade reversion to the mean), I typically like to squeeze a bit more out of the top. So, I have a small number of positions in key names, looking for a little bit more upward momentum. Let’s talk AMZN, MSFT, BA, SBUX, NKE and more.
I like several names on today’s intraday pullback, and the ones I will discuss here come from my ‘Millennials’ list. Let’s look at ETSY, ROKU, CHGG, and LYV.
I’ve been bullish on bonds since late 2018 and the trade continues to hold a long bias, however, with the trend shifts, the levels are changed. Here’s the setup.
Call them retracements, corrections, reversions, or pullbacks, but the idea is to find an uptrend and then buy when prices move lower into the zones of support.
In this video, we look at the 3x of the expected move in the SPX in the last 5 days and look to where we may go next.
Financial earnings are right around the corner and that means impacts in the S&P and Dow. In this video, I share my favorite tool to track earnings, and what it does.
We’re preparing for major earnings in financials, buying bonds and utilities, and trailing our stops in Natural Gas.
