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SPY Learned How To Fly, Now Is It Time To Die?
The rally was fierce, but it was just a vacuum back to the mean.
My Three Favorite Levels For Daytrading
Put these levels on your chart each morning and then follow their lead.
Short Term Bear Flags Forming in NQ Stocks
The NDX index is showing some loss of momentum at the daily 50 SMA. In the meantime, some of the big NDX stocks, like MSFT and AAPL, are showing some small bear flags.
Taking Profits In META
Pre-earnings momentum is right on schedule, just as the Hot Zone said. Meta was my top pick for a pre-earnings momentum setup, and it’s made my first set of targets. Where do we go from here? Let’s take a look. In addition to rising prices, we are also seeing rising volatility, which will be great for overnight earnings trades. I’m discussing these setups during my free webinar this Wednesday at 7 p.m. CT where I’ll demonstrate how I made $1367 on ADBE overnight, and more. Join me by signing up at www.simplertrading.com/nightly to learn more.
Run Into Earnings Stats
Winning
Charlie Sheen said it, not me. In this case it seems to be the Bulls who are doing what they need to in keeping the dream alive.
NDX Levels Revisited
Do This On Monday
Sentiment reads are one of the most important steps in trading and here is an easy (and free!) way to do that on Monday.
Bear Trap City?
The indexes are collectively putting in reversal candles at support. With sentiment very low and a put/call ratio that’s very high this could be the recipe for a bear trap/short squeeze next week. Let’s review.
The Crowd I Like
Picking which groups to hang with is an important decision, but if bulls can catch a bounce I think this name could outperform.
