Building Theme-Based Setups.
Finding connected and confirming setups is more important than ever. Here’s how to build trades around a major move and getting more and better setups from it. It’s the way I build all my trades.
Finding connected and confirming setups is more important than ever. Here’s how to build trades around a major move and getting more and better setups from it. It’s the way I build all my trades.
Crude, XLE, XRT, XLY, FB, AMZN, NQ, ES… we were busy. Here’s the breakdown. A thorough look at the current trades to kick off the New Year.
In this video, we look at the carnage we have had lately and what the next big event will be that may drive the market one way or the other.
As we prepare to trade 2019, there are themes and patterns that are in play.
This rinse and repeat trade has worked well for me the last couple weeks, and I think it’s about time to look for levels to short this sector again. While I recognize it’s still an aggressive trade, I started nibbling today. Check out the video for trade parameters.
We’re in a tough spot in the indexes, primarily because we haven’t rallied enough to give us an edge on most shorts, but aren’t in a great buy spot either. I am starting to gain some short exposure in areas such as XLC, FB, NFLX, TTWO and LOW, while continuing to trade relative strength players to the long side in a conservative manner. Let’s look at SPX, XLK, XLV, UNH, COST and AMZN.