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Squeezes in the Semis
We’re coming into 2022 with a slightly bullish structure in the S&P 500 (ES) and QQQ (NQ), which should trigger strength across the board. One spot we’re focusing on is the semiconductors (SMH) as it has continued to hold structure over the last few weeks of volatility.
Building good trading habits for 2022
In this update I walk through the seasonal tendency for January as well as the sites and habits that will help you find trades this year. All of these are things I check each and every morning allowing me to see the volatility hot zones coming each week and the trends that they are occurring in which in turn helps my select the best indicators and setups for my trades.
How to trade the chop in crude
Crude oil has broken the previous downtrend and is now in chop. With a couple simple (and free!) tools, I show you how to decode the chop and setup a long trade. In chop finding overbought and oversold levels is the key, this specific indicator and setting helps do just that effectively.
One Chart to Trade
Apple is as good a company as ever, but technically we could see it come in a bit tomorrow. On the flip side ROKU is setting up a bullish trade and depending on where we close on Friday may be worth holding into the new year.
December chop suey
Seasonally the move has been made and yes, you can say Santa did his job. The indices are in chop – as is historically the case in December – so no surprise the indices are stalling at the range highs and struggling to regain their Monday session mojo. There are corners of the market worth focusing on and I explain why and what they are in this update.
Trade Ideas to Consider in MSFT
Today I am looking at an overall setup on MSFT. Currently we are seeing some chop, but MSFT has done a great job of continuing to hold support while maintaining an overall bullish trend. With earnings later in Jan I am looking for a potential move higher out of this consolidated range going into that announcement. In this video I walk through the charts as well as trade ideas to consider.
Is Santa done?
Expectations for continuation may be met with disappointment and it has to do with December chop and what the Santa Rally usually does. Let’s take a look at the usually action in December and why with Monday’s move Santa may have exhausted himself.
A trade to take us into next year
With both the technical trend and the macroeconomic trend in place, the long US dollar setup is one that could not only trigger this week but also take us into next year. In this video I explain how I have been buying the dips in this market.
Market gearing up for a breakout?
Before I prep and lay out a thesis for the market, I like to plan for the few scenarios the market can see – above (bullish), below (bearish), or sideways. The S&P 500 (ES) has been setting up a 2-day squeeze as the market chopped due to the economic events leading into the holidays. Will the squeeze fire and launch the ES to all-time highs? Let’s take a look at the market conditions and set the tone for the new year.
Trading Home Depot and Lowes
LOW and HD are both set up for nice trades into new highs. There is always so much talk about which is better, so let’s compare levels and risk parameters with each.
