Put Healthcare on the Radar.
It’s been hammering and it’s an heavily weighted sector in the S&P. Here’s what I am looking for.
It’s been hammering and it’s an heavily weighted sector in the S&P. Here’s what I am looking for.
Looking at the market here, I feel I’ve been pushing it for the past couple weeks and it’s time to take a breather. With FAANG earnings coming up, along with the three day weekend, it seems like an opportune time. Let’s talk about a few setups I still have on — ETSY and XLU, along with what I’m looking for in the market and earnings in MSFT, GOOGL, AMZN and FB next week.
Now that earnings, for NFLX, is over, I think it’s a good time to revisit the daily squeeze. Check out the video for my position ideas and price targets
In this video, we look at NQ, SPX, and RUT levels and see where we might go.
I look at stop losses as a point of validity. When the market tests validity, we reconsider if the trade entry is still valid. In this example we’ll look at the healthcare sector. I also walk through some important nuances in the NQ and RTY futures from this morning’s short setup.
Having a bias is exactly what traders need. Knowing the directional bias of a trade puts the best price chart on your screen. And there’s a very straightforward way to do this easily: Watch price and volume.