Buy Or Sell This Rally?
In this video, we discuss the quick turnaround from a big drop last week. Is this FOMO or short covering or…? Is it better to buy or sell this?
In this video, we discuss the quick turnaround from a big drop last week. Is this FOMO or short covering or…? Is it better to buy or sell this?
We setup a Butterfly in AMZN in yesterday’s free video, and so far the idea is holding well. Butterflies can be especially powerful around expiration, and there’s another stock that might work well with the strategy.
Over the next 3 days, I’m going to group my trades into one of two groups. Knowing these groups and their distinct management style will be helpful as we navigate March expiration and head into the second half of the month.
Wednesday is a perfect time to set up a trade for energies going into the volatility of inventory numbers. Here’s how I set this up each week.
Trends persist and so do the levels. You know the mantra: Buy at the bottom of the range and sell from the top of the range.
AMZN saw a nice snap back on Monday, and while we could climb to $1700, I like considering strategies that profit even if we fall short.
The action we saw today confirms that last Friday was the “pit bull low”. That doesn’t guarantee we push higher from here, but I’m going to have some positions set neutral to bearish and some that will do well if we continue to push higher. Let’s review all of them.