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Calendar events and catalysts for volatility
Today was a textbook example of the economic calendar and the importance it holds for traders. Three events are setting up significant moves and tomorrow will be no different.
How I will interpret the CPI release?
We don’t have to get in the weeds with data releases; this is broader strokes. Will traders and investors view a strong CPI as good for equities? Likely not. However, the reaction and the volatility should be considered within the context of the overall daily trend, which is still up.
Today’s NASDAQ Daytrade and this week’s calendar
The NASDAQ gave us a nice gap up fade setup today, and sticking with the Directional Bias, we got long… on the bell? No way! I explain how to track and trade gap opens. We also have a very busy week with Fed members speaking and Powell testifying before the Senate on Wednesday and Thursday — lots to keep an eye on this week as we head into options expiration Friday.
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.
