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How to look at exhaustion and momentum
Using the volume-based tools I have, exhaustion trading off VScore and HPMR lows like today has been part of the process, but what about momentum moves? This is the beginning of that discussion for daytraders looking at momo entries.
A Hedge Trade in SPY
In this video, I discuss the idea of putting on a Hedge Trade in SPX and SPY. This is meant to be a small risk high reward trade that acts as insurance for your account if the market does start to sell off strongly. I talk about the risk vs. reward aspect in the video, as well as the trade ideas for this bearish hedge.
Was this a panic move lower?
The move lower can be viewed as a retracement or a reversal, but historical volatility can help clarify which. In this case, was the move lower today significant?
MSFT On The Weekly Time Frame
Today I wanted to discuss MSFT on the Weekly Time Frame. If MSFT can maintain holding above 197/200 price level as support going into tomorrow’s close, we could be setting up for a very strong bullish signal. In the video I discuss this signal as well as several different trade ideas you could consider taking based on this signal.
What to expect tomorrow?
It’s Russell “reconstituion” day, and usually one of the highest volume days of the year. Am I expecting higher volatility? Yes. And if that volatility creates a sell-off, all the better for traders waiting for buys.
Is Housing Ready to Pop?
I’m looking at a cluster of setups that I see in housing — XHB, ITB, DHI, and KBH. Let’s talk about what this means, and how to trade it.
Buying the Crude Oil Pullback
The uptrend in crude oil begs the question: Can this pullback be bought?
Another Day, Another Record Nasdaq Close
In this video, we look at the market and the indices for clues as to how high we may go. We talk about what is driving this and specifically the NQ. In addition, we look at a trade that I used in the main room for a nice win as an example of what’s working now.
How to trade the long bias
I have received many questions about the how and why of the “long only bias” I have been trading with since June 11. Here is how to use this to not only trade the indices but also the related sector ETFs.
MRNA and PETS
These tickers have three things in common — high short interest, they’re on my COVID watch list, and they both have potentially hot setups. Let’s look at trade parameters.
