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Update on RTY. 6/28/2021
In this video, I go over what I see on the Daily and 30 minute time frames. Have a great weekend!
“What’s in the bag?”
Golf fans may know this and I love knowing what my favorite golfers are playing. This is the trader version of that. Here’s what’s on my chart and how it helps me make decisions about trades.
Two trends to watch for futures and stock traders
Tech and energies continue to outperform, and while the list of trends has shrunk, there are still high quality trends to watch in this market.
Another Daily Cloud Bounce For ATH?
With the market giving us our 4th bounce at Daily cloud, the theme this year has been to make a new ATH after. The market is starting the week strong, sitting right under that ATH level and starting to squeeze on the 1hr. See if we get the breakout higher to end the week. As of now, looks like NQ wants to lead, but we need YM to join the party. Be mindful if YM starts to fail and drag the team lower. Focusing on some really nice squeezes on tech names like TSLA and NFLX if the market continues higher.
Follow the Leader
While other sectors in the market fell hard last week, tech stocks have continued to rally their way higher. Let’s look at a few clean setups within the leadership that could offer potential into the end of the week.
The dust has settled, here are the trends to watch
It took a weekend for traders and investors to accept that maybe they panicked a little too much Friday. Here’s what has shown the most resilience.
Update on ROKU and COST. 6/23/2021
We are at resistance in ROKU and COST, so trail up your stops or be ready to sit through a pullback. When we get a shorter time frame pullback, I am interested in trading these stocks since we haven’t met the larger swing targets and we have all of the moving averages on our side (royal setup).
Short or short-term in this market?
The market is showing some “seller’s remorse” today, but the question still remains: Is okay to be a buyer?
Is this a daytrading summer?
Maybe it’s the best time to daytrade in the morning and forget about what comes next. Keeping it nimble after Powell may make sense for some time to come.
Free Fallin’
Markets are showing topping patterns in the inflation trade, while tech tries to hold up the world. Let’s see what’s causing that.
