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Chase the Bounce?
In this video, we look at the huge move higher we had from our overnight session and what that means for the overall market. Are we about to break out to higher levels or is this a head fake?
Welcome to the Roll
Tomorrow is Rollover Thursday in the US Equity Index space. The March Equity index futures will be rolling over to June and there is a trade opportunity as a result of this event. I’ll explain in tonight’s video.
Three steps to getting your bearings in this market
It may feel like being seasick in this market, but you can get your sea legs if you can get your bearings. Rough seas… but you can not only survive but thrive in choppy markets. I walk through the three things I have done throughout my career to keep my bearings in any kind of market. This is not about trading just this environment, it’s about the timeless steps we can follow to handle any environment.
Big Day For the Bears Today
Today was all sell side for the US equities. Begs the question: did the bulls even show up? The idea here is to lay out a plan for tomorrow & the week going forward.
Sell Bounces
The current chart structure suggests selling bounces so long as Fibonacci and Voodoo Lines resistance holds.
Trading Dicks Sporting Goods (DKS) Post-Earnings
I like this company, but the technical pattern is telling me that there could be a potential opportunity to short this company post-earnings. Investors have sent it down, 9.3% today — much more than the market as a whole. This tells me anticipation is weak, and with an expected move of $10, this ticker could easily break to new lows not seen since May of 2021. For these reasons, it’s on my list of potential earnings explosions. Let’s talk about how we could potentially trade it.
If Only We Knew These Levels In Advance…
At least now I know when the machines are triggered to take action.
Wishful Thinking
Let us discuss why these main key levels in the indexes must hold, or else — where’s the floor, really?
How This Market Bottoms, Pt 2
As headlines continue to dominate order flow, one thing that’s been helpful is analyzing sentiment. Traders tend to get the most bullish and bearish at the worst possible times, and if we’re aware of that, we can work to be on the other side of that trade.
