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Trading sideways, not fun. Let’s go lower!
This week is a test to see if we don’t re-test the lows from last week. If the market stays where it’s at, there’s a solid argument for holding and finding a base.
Bonds setup for an active economic calendar
This week has plenty of Fedspeak as well as GDP and PCE hot zones — so plenty of reason to be cautious. That said, there is a nice fade buy setting up in bonds.
No Rain
Stocks managed to dodge bullets this week and closed strongly. Will this continue? Seems unlikely without some volatile chop first as the risk signals from last week’s video remain active. However, there are some good looking setups to review.
Where’s the support now?
As we trade into the end-of-month historical “redemption window”, the weakness this week told us a lot about where buyers are seeing a buyable discount in this market.
Update on RBLX. 9/27/2021
RBLX has had a nice bump lately, but is now getting into resistance, so be a cautious bull.
Two Takes
Stocks staged a respectable rebound from Monday’s low. As the best stocks begin to show leadership there are two I’ll be looking to buy.
How to trade intraday “dips”
A classic daytrading setup is to wait for the market to reveal the direction it is most likely to continue on. But there is a twist: Wait for a retreat.
The Roller Coaster Continues
In today’s video, we look at the crazy price moves this week from Chinese real estate to the FED and everything else in between. Is the craziness over, or just beginning?
How to daytrade in front of volatility
Staying nimble as the FOMC is on the schedule means daytrading and keeping risk low. Here’s how we traded the NASDAQ today and a setup you can use straight from my Daytrading Playbook.
