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Is crude oil heading lower?
After a sell-off through support, is crude oil ready to bounce? Or is it breaking down? And how do we manage it?
Update on DIA. 8/19/2021
DIA Daily still has all of the moving averages on the side of the bulls (royal setup). We have a nice cluster of support on the Daily. Be sure to wait for triggers.
The Play in PTON
PTON has been under pressure for several weeks, but today saw a 3% gain while the Nasdaq struggled. If we get another bid tomorrow we could reach a level where consolidation would be your best bet. From there we can apply a strategy that should yield a modest, but consistent, profit over the next 3 days.
Choose Your Own Adventure
Remember those books, they were some of my favorites. Little did I know that approach applies to trading. Here’s how the S&P created a “choose your own adventure” in futures and ETF options.
What are the catalysts for the next move?
The market needs a reason; nothing happens without some shift or acceleration in sentiment then momentum. Here’s what could trigger some opportunities.
Setup in ZM 8/17/2021
This is a counter trend setup, but your risk is defined. Be sure to wait for triggers. Setup + trigger = trade entry and then you manage.
Watching the NASDAQ
The tech weighting has never been more important. What’s next for the NASDAQ is likely what’s next for the market.
Welcome to the Jungle
Bonds gave a big signal this week and that may change how money flows into the market going into next week. Let’s review the signal and what it may mean for stocks.
Three important moves this week
If there is a knock against this strong market, it’s the lack of participation, and that may have changed this week.
Update on NQ. 8/16/2021
In this video, I give updates on NQ Daily and also the 30 minute chart. Have a great weekend!
