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Overbought to Oversold Levels in the S&P
Shifting the mental transmission is a difficult practice, especially when a market is in chop and offers little by way of directional bias.
Never A Dull Moment
In this video, we talk about the major selling we have had in the last 2 days and where we might go from here.
Is It Better To Play The No Pass Line?
Contrary trading is critical in this environment; here’s why.
Is the sell-off in the S&P just beginning?
The double top in the S&P was just the beginning. Double tops at all-time highs will test the conviction of buyers who are standing on shaky ground after significant miss in ISM.
Daytrading Triggers Today
The breach/retreat with directional bias approach worked perfectly, and here’s how I set these up each morning.
Potential Opportunity in the Semis
I like the pullback we are seeing in SMH, and I like a couple of relative strength names for a potential trade for the run into earnings. Let’s look at SMH, LRCX, TXN, and AMAT.
Daytrading Breaches and Hourly Price Movement Ranges
Getting an early edge using the clearing range breach, we were already bearish going into the US/China news. Having directional bias is the key, and I explain how to do it in this video.
FB: Then and Now
I looked at FB several weeks ago and thought it was ready to break down. It then promptly rallied for 3 weeks, but setup a nice short for us on Tuesday and may have more room for bears to step in.
Consistent Daytrading Levels and Setups.
Waiting for Directional Bias is the key, and keeping exhaustion levels using the VWAP on the charts automates your zones. Keeping it simple…
What’s Next In NKE?
Nike was rewarded for its most recent earnings report, and while I don’t think I want to buy shares on the breakout, the idea of shorting some premium gives us several (I think better) options.
