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Directional Bias and Daytrading
Looking at today’s gap down and looking for a buy may be daunting, but it’s high probability. In this video I explain the setup and why the daily timeframe is so important to daytraders.
A Few Paths to Consider
Thursday’s close didn’t offer much clarity on what we might see from Friday’s employment data. Most traders think in terms of “long or short”, but I think there’s a third possibility that we very much have to keep in mind.
Knock on effect daytrading
One powerful way to find setups is to let one major market trigger and then look at what is in sync with that move. In the case of the Dow breach, crude oil set up a great trade.
Higher or Lower From Here?
In this video, we look at today’s price action as well as the charts to see if we can get a better read on the market. We are once again approaching the all time high and now we either keep going or fail. Which one will it be?
Two Stages of the Squeeze
There are two stages to the squeeze, and right now the markets are stuck in the 1st phase. While the squeeze can lead to powerful moves, there’s a few important things to keep in mind if you’re going to make this one of your go-to setups. Let’s take a look.
How do you find daytrading direction?
The daily must influence your daytrading bias and even can influence the levels. The daily is often the “missing piece” of your intraday, if you know what look for.
Setup in BABA. 6/2/2021
We do still have daily resistance in BABA, but in this video, I give you a support decision on the 30 minute chart.
The Metal
Markets are looking bullish to start the next quarter in June. Let’s look at three plays on the strength with a focus on metals.
Pullback and then Higher
I am looking for a little pullback in uptrends to start the month. In this update, I dive into where and which indices and sectors.
Ready for the Russell?
IWM has seen a fair amount of strength this week and while the daily pattern is largely sideways, I think there’s a bigger theme here that’s likely worth buying.
