Longer-Term Setups are back!
Sick of the “daytrading”? It’s okay. While the narrow range of the daily time frames are making that an effective approach, there are some longer-term setups that are beginning to look very good.
Sick of the “daytrading”? It’s okay. While the narrow range of the daily time frames are making that an effective approach, there are some longer-term setups that are beginning to look very good.
The Pit Bull Low is an excellent concept and something I’ve followed for years. It doesn’t always come through, and it doesn’t always come through in the same way, but based off Friday’s close it’s very much worth being aware of. Let’s dive into that along with the outlook the first witching expiration of 2018.
The markets went into hurry up and wait mode for tomorrow’s numbers. But it’s looking like hurry up and wait could be with all of us next week?
The market has Non-Farm Payroll to consider, but the market is also bracing itself for anti-tariff reactions from the U.S. Senate and from other countries.
Before Non-Farm Payroll will be Mario Draghi and the ECB. This is a big event that has traders eager for the slightest hint of an end to the taper — which will trigger the next leg lower in the U.S. dollar. I also walk through the basics of intraday momentum setups.
The initial selling in the stock market had everyone worried overnight, but bulls showed up with bells on and took it home into the close. Let’s take a look at this and a couple of key asset classes and how they are setting up.
We’ve got some interesting action after hours with Cohn’s resignation. This is the chart that will tell us tomorrow whether or not we buy the dip or go with the down move. Also — no matter where we open, I’ll be buying the dip on this stock.