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The Long and Short of It
Short-term today’s bounce may raise some spirits that the markets are out of the woods. Long-term, the sellers are just waiting for their price — like I am. Here’s the explanation for the two time frames and setups.
Zooming to New Highs
At the risk of cheesy headlines, I do like what’s going on in ZM. There’s no guarantees in trading, but this is one of my favorite one-day setups.
How to make finding targets simpler
The move we have been setting up with gold followed through in a big way so the next question is: Where is the target? I have a few tools and processes for it and I explain it in this video.
Large Cap Movers
Today, I’m focusing on TSLA, ADBE, and NFLX and trading them for this oversold rip off of the lows. Let’s talk about targets and parameters.
Inside Day Setup in Gold
Narrow body candles after a larger ranging session can afford some quieter entries on the trend following buy we’ve been pursuing in gold.
Record Down Week, Bounce Next?
This week, the markets dropped a record amount. The fear is palpable, but is this setting up a short term opportunity for a bounce?
Are the gold buyers coming back?
Why did the sellers come in and what caused the 3X daily price movement range sell-off?
BYND Earnings
Beyond Meat reported earnings Thursday afternoon and while revenue looked sharp EPS was a little lacking and the stock ran into some sellers. We put a reliable strategy to work, now we just need to see if we can hold this specific price.
Where do most trades go wrong?
Mostly at the watchlist level. In other words, a well-executed strategy in the wrong symbol or environment is still an error in the setup. Get the watchlist correct, the trades are easier and the follow-through is better. The volatility in the ES NQ YM and RTY make for difficult trading. It’s not the sell-off, it’s the higher-than-normal volatility. So look elsewhere, and here’s how I build that list.
