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Another Crash Up.
Powell and a strong Non Farm Payroll kick-started another violent rally and short squeeze. Where has this strength landed in the overall scope on a downtrend and what could Monday’s open tell us?
If You Don’t Have These 3 Things, You Can’t Time The Market?
Trying to catch a bottom or top isn’t just about price. It’s a 3 dimensional chess board.
Managing Positions into Non Farm Payroll.
It’s not just the data that traders have to be aware of, it’s Powell shortly after the NFP. Traders who are short — like we are — should be especially aware that Jerome Powell could start hinting at the future direction of rates. A little dovish tone and equities will not hesitate to correct higher.
Building Theme-Based Setups.
Finding connected and confirming setups is more important than ever. Here’s how to build trades around a major move and getting more and better setups from it. It’s the way I build all my trades.
Big Moves Coming
In this video, we look at the carnage we have had lately and what the next big event will be that may drive the market one way or the other.
Considering Shorts in XLC Again.
This rinse and repeat trade has worked well for me the last couple weeks, and I think it’s about time to look for levels to short this sector again. While I recognize it’s still an aggressive trade, I started nibbling today. Check out the video for trade parameters.
Skewing Gold.
Gold has seen an excellent run higher, but we should be getting into some technical resistance soon. Let’s look at one way to play sideways to lower prices and which options might be best for that.
Sentiment Shifts for Daytraders.
Once you understand where price action is along the sentiment line, directional bias gets simpler.
