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My Top 5 Squeezes
In this video, we’ll walk through my top 5 favorite setups for the month of April on names like LMT and CCJ.
How are you building your watchlist?
In this update, I explain the most essential aspect of trading: What you trade! The symbols and why they have earned a spot on your watchlist. Get this part of your trading right, make it your strong suit and you won’t care if the Dow is down or S&P is down; you will have the outperformers in your book.
Trading the Tesla Run into Earnings + Post-Split News Follow Up
Going into earnings season, we discussed the high likelihood of Tesla rallying on average about 20% in the Hot Zone. I know it seemed crazy at the time, but here we sit after a Hot Zone rally from $900 to $1145, and I don’t think this move is over yet. Here is a video on how I’d add another Stacked fly to continue on with this momentum move.
Welcome to Q2 with a plan to kick it off
Last week we had a plan for EOQ1 and a suspected plan to start Q2. Today it appears the market spoke to our plan so let’s try and go with it. Reverse to Bullish Equity and Bearish Treasury per tonight’s video.
TSLA Delivers
TSLA delivery numbers were released over the weekend and the stock reacted positively today, following the bullish Voodoo Lines roadmap perfectly. What does it look for next?
If There’s a Bustle in Your Hedgerow, Don’t Be Alarmed Now.
We’ve seen a bit of a pullback from this week’s high. But as Robert Plant informs us, there are still two paths possible from here, and plenty of time to change one’s road once the market signals its direction.
Stack Your Squeezes
Another month is behind us. Heading into April, I want to share a few of the better looking trends and setups on my watchlist. I’ve broken down my watchlist into two parts: names we can take action on now and names that are extended and we’ll wait to buy on a pullback.
Take the stairs up and the elevator down
In a new quarter I always look for the opposite of the action a week before, and since we mildly sold-off through the week into Friday I want to see if /ES can get back up to 4600. If so we’ll be prepped to short the mother of all head & shoulders.
Now it’s time to pay attention to the short side.
March end of quarter shenanigans are behind us. The two weakest indices have hit their respective overbought resistance levels. If the last two weeks was all about the bulls, the bears are done waiting and are ready for their turn.
S&P Overnight
Stocks closed out the first quarter of 2022 on a rather bearish note, but I think it’s a flush that could see a quick bounce. If Thursday’s lows remain intact I’ll be watching for this retracement overnight, then see where we’re at before the employment data is released.
