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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.
My two favorite daytrading setups
In this video, I walk you through how to adopt a “garden lady” mindset, and my two favorite daytrading setups and what they looked like today, step by step.
Back to the Swing of Things?
With volatility dying down and the $SPY regaining some bullish structure, is it time to start seeking out some directional opportunities to the upside? I think so, and here’s a few potential setups I’m watching closely for potential swing entries.
Corn Buy Setup
Whether you trade futures or ETFs or options there is a way to get in on the corn trade.
Trade Corn, Not Apple
In this video, I highlight how the reflation trade continues to influence which markets we want to put on our watching and how commodities are creating relative outperformers in this environment.
DKNG — A Diamond in the Rough?
The momentum market has rolled over and died, but it forgot to take DKNG with it. It’s a honey badger, and it is holding up nicely on the 50 SMA, where buyers keep coming in. Let’s look at an entry point and talk about how I’m controlling risk.
