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Sticking with Strength
We are in the heart of earnings season, but there are still several key reports to consider in August. Disney and Walmart are two of my favorites. Let’s look at these for their respective Runs into Earnings.
Bonds, Home Depots, and Trade Management.
The open bond position is still a valid long position, but what else fits with this short yield play? Well for one, the long Home Depot position that we’re scaling out of today.
BYND Insanity
I don’t really mind that the BYND move doesn’t make sense. It can teach us a lot about trading, and even more about market psychology.
Up, Up, and Away
In this video, we discuss the new, new all time high and what we might expect next.
Here’s how to use the CME Fed Watch tool.
Watching July 31 is yesterday’s news… it’s all about September, as the market is coming to grips with a 25 basis point cut (not 50) and expectations for another 25 basis point cut is expected for September.
Run Baby Run
Right now, we have two key Run into Earnings in focus — why? Because they both have high short interest and the potential to really explode. One I’m trading with calls, and the second with my famous flies. Check it out here.
With ECB Event Coming Up, Let’s Talk Currencies.
With the ECB event just around the corner and traders expecting more Euro weakness, the US dollar buy versus the Euro is one way to trade it. However, in order to trade currency futures you must understand the relationship back to the foreign exchange and the US dollar relationship to the Yen, Pound, Franc, and more. I explain that and my favorite setups in this video.
2 to Review and 2 That Are New
Tonight is a great opportunity to review ETSY as last week’s buy signal led us into today’s news-based rally. We’ve also got two new stocks to add to the list that I think you can be buying.
Two New Stocks
These name’s performance will likely hinge on what their next earnings report shows, but the weekly charts have setups worth noting, and I’m thinking they could outperform over the next 3—6 months.
Pin the Tail on the Donkey Day.
Pinning effects futures traders when heavily weighted stocks in the average move 1.5 to 2x their normal ranges. Here’s how that set up trades today.
