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Buy Bonds, Play Video Games
Stocks continue trading in a volatile range and I find it helpful now more than ever to focus more on setups, and less on predictions. Tonight’s free video looks at two of these technical trades in diverse products.
Following the Yen
Today was a day that the Japanese yen told one story while the indices told another. And this will happen, we play probabilities not certainties. I will not deviate from my process but that didn’t keep me from some yen buys with contrast. Here’s how that looked today.
Daytrading Currency Futures
Today with some historical initial claims numbers, yen strength and index strength, I opted to focus on the Australian dollar buy and Japanese yen buy. Here’s how both set up today and played out as well as the explanation on how to trades currencies via futures or forex.
Bouncing Ball
In this video, we look at the big bounce in the markets from the Virus Relief Bill. What will this do to the markets and have we seen the rally from it?
Don’t fall into this daytrading trap
The morning range once again — following the yen’s lead — gave us a long only bias. From there it was up to us to stick with the long side from the morning range lows. Oftentimes, though, it can set up some traps for bullish latecomers. Here’s how to avoid that trap.
How to Use the Initial Balance
Days like today, we started off and kept our bullish directional bias… and as important as that is, there is one more criteria we need to see met to stay bullish into the second half of the day. Here’s how to use Initial Balance to be better prepared for afternoon trades.
Are you WORKing from home?
Most stocks are getting slammed in the coronavirus crash of 2020, but there are some honey badgers out there that are actually doing better in our current work from home environment. Let’s look at WORK, or Slack Technologies, and I’ll show you how I’m going to trade it.
Short the Short Term Gold Move
While I am a longer-term gold bull, the move higher off the bottom of the Distribution market range could set up a (very) short term setup to the downside, but only if I see a specific setup.
