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Near Term NASDAQ Short
How does chop differ from a downtrend and how do we trade markets in chop? That as well as a NASDAQ short setup is explained in this update.
A sector picker’s market
You’ve probably heard of a stock picker’s market, but what about a sector picker’s market? With major averages in distribution aka chop, knowing what the heavy weighted sectors are doing will be vital to finding the best setups and understanding what the indices are likely to do next.
The EKG Market
In this video, we look at the back and forth action with the market that leaves us in limbo. We continue to have head fakes and fits and starts up and down with no real trend at all. How do you trade a market like this? I go over thoughts and how I am handling it.
Key Support Levels in S&P and NASDAQ
Whether these indices transition into distribution or a downtrend, these support levels will be in play.
Setup in HD. 10/7/2021
HD has a nice cluster pullback inside of a larger swing. Be sure to wait for triggers and also be aware of resistance on the way up.
Considering Crypto?
If you haven’t waded into the crypto space yet, there’s no time like the present. Let’s look at a technical perspective that the two majors have been doing a good job of respecting and the path they suggest into the new year.
Two Possible Setups
As the uptrend transitions into distributions, is this really a precursor to a downtrend or is there another scenario? I share both scenarios and setups in this update.
Looking for the Next Bounce
After another nasty sell-off with tech leading the way, I’ll be looking for a bounce and getting ready for the next shot lower. In this video I also discuss being long honey badgers like TSLA and NFLX.
Setup in UPST. 10/5/2021
UPST has a nice cluster of support and is a royal setup. Be sure to wait for triggers.
