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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.
Higher Again?
In this video, we discuss today’s bounce off the lows and the move that is once again approaching the SPX 3000 level. What should we expect now?
What’s the gameplan in concern and confusion?
No doubt these markets have been a challenge but part of overcoming the challenge is to look for related opportunities and futures traders are especially suited to the approach I explain in this video.
What does the S&P say about today’s sell-off?
While the S&P is coming off a double top, if the sell-off is to continue, the leaders to the downside will have to continue… as will the concern of potential impeachment proceedings.
Pullback Buy in Defense
I like the defense sector, as it’s continuing to show great relative strength. Let’s look at the ETF as well as a couple of my favorite names in the industry group.
