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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.
Does the rally continue from here?
In this video, we look at the current rally we are having and it is beginning to look very extended to me. We go over the indices and levels where we may fail from, or targets we may reach if we do keep going higher. How do you trade a market like this? Very carefully.
Q1 is a wrap & here is the plan
Tomorrow will mark the end of 2022’s Q1. In tonight’s video I’d like to set up a plan for how I plan to trade the final day with both a bullish and bearish scenario complete with targets on both sides.
Markets are Pausing Construction
Homebuilders were one of the hottest sectors of the past 2 years, but the glow of new homes has quickly faded and likely has further to fall. Let’s look at that within the scope of XHB and a few of its primary components.
