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One Hour Chart Swings
In this environment, if we change the time horizon, we can find more setups and more reliable follow-through. Here are examples of what I am doing.
ADBE Finally Breaking
ADBE was stuck in consolidation but is finally starting to look like it is going to break, in this case to the upside. In the video I walk through the charts, potential targets, and several trade ideas to consider.
Wash Rinse Repeat
This week’s plan is a lot like last week’s in that we still like the long side but yet again early this week find ourselves at the high of a move. Long story short, we wait for the retracement to add or engage with largely the same bias as recently discussed.
TSLA bounces into a decision level
TSLA had a large bounce today to add to its bounce from a Voodoo Fireline early this month. It has now reached the first important hurdle above. It will hold the clues for what comes next.
Rotation Time?
There are some major technical changes to the market that we’ll review before next week.
Bullish Picture For February
In this video I discuss how Bonds going almost straight up for 14 days with very little reaction in the markets paints us a bullish picture heading into February. SLV and GLD are in spotlight for buying a pullback (specifically in SLV).
Momentum Potential
With January expiration behind us and SPX wedged at the 200 SMA, it’s hard to say what Monday’s open will look like. Maybe a respite is in order, and if so, we’ll need to find the best individual names for outperformance. Let’s add two of those to our watchlist in tonight’s review.
The more time that passes, the further away your breakeven gets.
Let’s review today’s drama-free day trade on why I got in, why I got out, and most of all: Did it play out like I expected?
Where I Am Still Bullish
Following up on my previous video, here is how I identify the symbols and levels from which I will be a buyer. The weakness we have seen the last couple of sessions will set up some buy triggers.
Downdraft of the Day
In this video, we look at today’s big sell-off as the FED continues to make hawkish comments. We are getting lots of data points in and most are not looking good for the FED. We look at charts and upcoming events to see what to look out for and where we might go. We are at a pivotal point for the next couple of weeks as far as direction, so be ready to take advantage of it.
