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Foot On The Gas
Keeping focus in the chop as December approaches means knowing where the weakness (tax loss harvesting) and strength (window dressing) is waiting.
Why We Got Long TSLA And Why The Target Is $250…
While charts are pretty, the gas tank is actually under the hood.
Bears Still Looking For “Their Pitch”
There are many possible bear flags in indexes, but no breakdowns yet.
A Short-Term Buy On Tesla
TSLA has recovered well off of $192, and is setting up to make one more push higher. Let’s look at the levels and I’ll show you an example of a bullish butterfly that could be used to trade this stock on the next leg higher.
The Nothingburger
Not a lot of action today. Mostly sideways chop with continued balance at about the same level(s) as last week. I expect it to be more interesting later this week so let’s prepare for that.
NDX Resting On A Consequential Level
Don’t Bet Against This Market
Focus on the outperformed and be wary of those corners of the market that are susceptible to weakness as the year ends. Here’s what to be aware of.
Give Thanks For The Rally!
In this video, we discuss the continued rally we have had over the last several weeks. We are approaching a 500-point rally which has been basically straight up. With this crazy move, is it likely to continue or are we setting up for a big drop? We go over levels and what to watch for.
Do These Three Things
First, focus on the daytrades through the end of the month. Second, know the current trend and the closing price of the first day of trading this year. Third, focus on 1-hour swing trades until the window dressing begins around the 2nd week of December.
Are We Having Fun Yet?
As some point the music will stop, but for now bulls are dancing and I like their tune.
