Day Trading Levels For Tomorrow?
I’m watching these key levels on the QQQ, TSLA, and ES for a trade tomorrow.
I’m watching these key levels on the QQQ, TSLA, and ES for a trade tomorrow.
While TSLA is marching to the beat of its own drum, the markets are being dictated by these levels.
With G20 waiting at the end of this week, here’s how I want to play a potential rip higher.
Month end rhythms are colliding with oversold levels and a seasonal expectation that bulls are waiting for. It all adds up to some interesting possibilities.
Today, the indexes traded higher, but what does that mean in the long run? I see it as a choice between three main ideas. A. Trade the short squeeze higher on an intraday basis on names with relative strength. B. Trade stocks that were strong, in spite of the correction, or C. Wait until the rally fades and look for short stocks that are in a downtrend. Let’s look at ideas for each.
I already have a long position in PFE, but I think it’s a good time to add a couple others in XLV and MRK. Let’s talk about why, as well as the trade parameters.