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Another New All Time High
In this video, we take a look at today’s FED powered rally to another new all time high. What is driving the rally and how high will we go?
Update on NQ. 3/18/2021
Update on the 120 minute and Daily charts for the NQ. Always remember, you can use these charts to trade NDX and QQQ.
Stacking the Probabilities
When it comes to swing trading options, the key to consistency is trading key setups and strategies. Let’s take a look at a current example in $GOOGL.
This is how I measure size and breakouts
Copper is setting up again, and like the best parts of my current trading, is tethered to reflation. However, it’s not just about price. Price and Volume are two of the four factors I track. In this case, VWAPs are pointing to the setup in copper I see brewing.
A Setup in SNAP
I entered a trade in Snap because I like the relative strength, along with VZO setup and slingshot squeeze. I’m targeting a new high in April. Let’s walk through the idea.
A Crude Oil Buy Setup to Watch
How can we better see what is happening inside a day like today in crude oil? Shorten the time frame and look at volume.
Big Drop, Big Pop, Now What?
After a wild week of drop and pop, we are finishing with /ES and /YM at all time high levels, while /NQ is continuing to lag. Bonds are still very vulnerable, with /ZN finishing the week with a slightly newer low from the prior week. It is still very clear that big money has no interesting in picking up technology. A big thing to focus on next week is whether or not they do any rotation into technology. With /YM releasing a Daily squeeze the past few days, it makes sense to lead this market, but as it nears exhaustion levels, I’m waiting to see if they pick technology back up, or if we start a selling frenzy again. At these levels for /ES last time, we chopped around for awhile and just lingered near the highs. QuadWitching is next week, so this could be a recipe for sideways action, but anything is possible. Also, FOMC and Chairman Powell speaking on Wednesday.
“Trade this, not that” Daytrading
The NASDAQ continues to be on the crazy train and the Tencent news sent the NQ and the ES sharply lower. However, it’s the YM and RTY that I have been focusing on mostly in the morning daytrades. Here’s how today’s setups looked and triggered, including the setup I like to call the “garden lady low”.
Bitcoin: The Path to $80,000
Bitcoin has outperformed the majority of asset classes year to date. With the cryptocurrency making a new lifetime high today, I wanted to look at the most recent setup, current targets, and levels to consider into the summer.
