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NASDAQ buy winner on a down day
Down days don’t mean there are not opportunities to the upside, and the NASDAQ remains an index with bullish directional bias.
Short Term or Swing
There’s two primary ways of thinking heading into Friday. Both have merit, but must be approached in the correct way to enhance your edge. Let’s discuss that with examples in NFLX and MCD.
Daily timeframe pointed to NQ rally
How much and how effectively are you using your daily timeframe analysis in your daytrading? In this update I share how just one of my six different factors pointed to the NQ as the best buy today.
Hawkish FED Today
With the much anticipated FED meeting out of the way, we have the answer to the big inflation question. We now know that the FED actually does see the inflation and supposedly rate hikes are coming down the road. What does this mean for the market and what to expect?
FOMC out of the way, uptrends survive
The S&P and the NASDAQ are ready for some intraday trading after a “caution day”; the Dow is a mixed market between the short and longer timeframe. Daytrading the ES and NQ is what is on my Radar for tomorrow.
Index — Sector — Stock Daytrading Process
Today’s indices flashed the “stay away” signal, and that allowed us to look elsewhere for potential opportunities. Stick with the process, watch the relative outperformers. I explain how in this update.
Time to Be Cautious?
While technology has made the move to the upside we were looking for, a few other sectors are showing signs of exhaustion, which could put pressure on the overall market. Here’s my game plan for the next few days, and a few setups that I think could be ready to short, should the markets top out soon.
Trading a Breakout in Square (SQ)
Square is experiencing a nice move today, and if we get some continuation tomorrow I think it’ll be on its way for a nice price breakout. I’m going to trade this using a bullish butterfly.
Setup in ALX. 6/15/2021
ALX is a royal setup that is having a pullback. You can use the larger swing targets. Be sure to wait for triggers.
