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Higher from here?
In this video, we look at chart levels on the indices to see if we can make heads or tails of this market. In reading the charts, I see no reason we don’t go higher, but I am a very cautious bull for sure. We look at levels to watch and where we might go.
Choices we make for daytrades
Whether it is futures or options, there are some basics we follow as we make choices about the daytrades we take each morning: Today it was the NASDAQ.
Two Trades for Wednesday
While August opened on a modest note, Tuesday’s strength suggests we may see another new high for stock indexes. You could play the move through an index ETF like SPY, or could consider WMT or NVDA, both of which I have setups on heading into next week.
Today’s intraday recovery said a lot…
The early rollover intraday in the indices was quickly faded — meaning traders and investors bought into weakness. What does that say about panic and pullbacks in August? I discuss that and more in this update.
Trading NVDA for a Run into Earnings
I started a position in NVDA with some long calls to add to my stock positions, then @traderbruce came up with a butterfly I had to add. Check it out here.
Staying nimble through August
Daytrading is often a great way to tackle the uncertainty of one of the trickier months of the year.
Setup in MA. 8/3/2021
MA has a nice pullback cluster on the Daily. Please be sure to wait for triggers. It is a royal setup.
Bubbly Summer
Next week kicks off what is seasonally the two most bearish months of the year, but it comes at a time when we are seeing the largest and most persistent bubble ever… which one wins out? Let’s review.
Natural gas is setting up a buy
Natural gas is one of the stronger corners of the energy market. It’s not tethered to crude oil and OPEC and has maintained a structured uptrend. Here’s a breakdown on the ETF alternative, seasonal, trends, and volatility that we can expect to set up the buy.
Three 3 Month Ideas
The short term outlook for stock indexes is questionable at best. Knowing the next month could be volatile I want to bring you 3 names where I prefer buying the pullback over getting short. Add these to your watchlist and let’s see how they look at the end of November.
