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Gold (finally!) Flinches
After the rip higher we’ve seen in gold, here’s the “dip” that traders have been waiting for. It’s a 2.5x Daily Price Movement Range correction, and so that could be reason to pause, but there are tactics we can use to understand where the entry is waiting, despite the larger-than-normal move.
How To Trade SHOP
Momentum stocks are taking a breather, but I’m eyeing one that I think may catch its breath quickly. Let’s look at SHOP, and I’ll tell you how I’d trade it. If you want to learn more, join me for my webinar on Small Account growth at www.simplertrading.com/formula/
Relative Performance in Stocks and Daytrades
This morning’s drop in the NQ was not necessarily a clear picture until you cracked the index open and looked inside the cause of the drop. Here’s how we handle those moves and look for timing and additional opportunities.
ES and NQ support and resistance. 8/11/2020
ES and NQ support and resistance on lower time frame charts.
After AAPL Earnings, What’s Next?
The FANG names have been showing up in a big way here lately, led by AAPL earnings, then followed up by FB’s advance this week. Here’s the name I think is next, along with another key index component.
Copper and Gold Setups for Next Week
Both have pulled back beyond their daily historical price movement range, so is this a retracement or a reversal. I am looking for a buy setup in each.
