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Setup in DOCU. 2/23/2021
There is a nice pullback in DOCU. You need to wait for triggers, though. Always remember NTNT (no trigger, no trade).
Is the US dollar still a short?
The simple answer is yes. This bodes well for continued commodities strength, equities strength, and currencies that should continue to gain against the US dollar.
Setup in CMG. 2/22/2021
CMG has triggered on a 30 minute chart. Your risk is defined. Have a great weekend!
Two To Consider
Stock indexes may continue to show weakness as we get through the rest of February, but if things stay more resilient, these are two stocks I’ll be looking to own.
Is this level a buy for gold?
In a choppy market, our advantage is the edge and that is where gold futures are sitting. I also share how to use the 60-minute timeframe VWAPs for added insight into breakout levels.
Looking to fade the market from higher
The S&P 500 is hinting that it favors more upside, but also that it is late in the move and might be worth hedging or fading on ongoing strength.
How Much Lower?
In this video I discuss how I track movement in different sectors to gauge how the market may be reacting to the current pullback.
Markets Heavy at the Highs
In the Options Free video I cover a few of the major indexes and show how I see they are a little weak, even though the SPY made new highs today. The EV sector is hanging out, but one name got some activity today.
Fear vs. Opportunistic Mindset
Which does today trigger? It has a lot to do with where you are positioned, because despite today’s stall, the broader averages are very much still in an uptrend.
Snug in the Sun
Last week we looked at CHWY for a move and we got paid today. Next week I am looking at the highest quality solar names to make a move, specifically ENPH, let’s review the setup ahead of the long weekend.
