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Setup in NIO. 7/13/2021
There are several pullback setup zones in NIO. I go over a 5 minute trigger in this video also.
Baby One More Time
Good week by stocks, things remain wildly bullish and wildly extended… there’s a signal that next week the market may want to rotate back to inflation stocks. Let’s review the signal.
Let the daily show the way
Intraday traders who watch the daily, will see that once the NASDAQ traded above the prior session and 14710, the bulls were in charge.
Crude Triggers the Buy
We’ve been talking about this opportunity for nearly a week and here it is… crude oil triggered the buy zone entry.
My Take on TSLA
TSLA is at a very unique juncture. There are a few factors influencing the daily chart and a few influencing the options chain that have setup what strikes me as a great opportunity. Let’s look at that and one of the trades I’ll be focused on into the July expiration.
More FED tail-wind
In this video, we look at yet another new all time high today as we see FOMC minutes. We are getting stretched and extended but we don’t want to aggressively short this market, as it has an upward bias and momentum on its side.
Is now the time to buy crude oil?
While the OPEC+ drama continues, crude oil traders are factoring in a chance of more (not less) oil reaching the market and that’s producing the retracement we are seeing now. Is it a buy and what is the problem within OPEC+? I explain the situation and the opportunity in this update.
Melt Up Over?
With the market melting higher and finally giving a red day, I’ll be watching a few important intraday clouds to get a true sense if this pullback is real! Very important to watch all three indexes to see if they start rotating or just pure selling. Eyes on FOMC this Wednesday as a potential market moving event.
Oil and Oil Stock Setups
Thanks to OPEC we have some needed pullbacks in oil and oil stocks, and while the trend is still intact, let’s look at some “buy the dip” opportunities and what patterns we want to see first.
Chasing Colors
Good week by stocks, things are wildly bullish but wildly extended… let’s check out two stocks for next week.
