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Another Wild Week
Another wild week that begs the question: do any of these moves make sense? Well, guess what? It’s okay if they don’t right now. Having those feelings of “no edge” can be frustrating. I look at a more bullish and yet conservative outlook heading into the end of the year. Every dip keeps getting bought, but we all know it’s more complicated than that!
Stick with the long side
While volatility will remain higher in a distribution market trend, the market has—since last Tuesday—indicated a bullish Directional Bias, and today’s action was a perfect example of focusing on the long side of this market, both intraday and end-of-day.
Ready for a setup in ROKU?
ROKU had a great move off their last earnings report, but needed a few days to digest the report. There’s a signal that might give us a move for tomorrow, and another that might give us a trade into next month.
Update on PTON. 11/13/2020
Zones for the daily and the 30 minute… we have triggered on a 30 for a swing trade, but please watch resistance on the daily on the way up.
Trading Two Sessions Every Day
While today may be an extreme example of the “AM”/”PM” trading approach, it is one that could make a big difference for daytraders.
More Market Limbo
In this video, we look at the incredible move the market has had lately and talk about what is driving it. We also talk about what to watch for in the near future, as I expect more volatility to come.
How I am trading the dollar right now
I have received quite a few questions about where my focus is in the currency market right now and it continues to be simple: Short US dollar. I discuss how and at what level in this update.
Daily and 120 overview on NQ. 11/11/2020
We still have all of the moving averages on our side on the Daily, but not on the 120 minute chart.
