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The Importance of “00” Psychological Levels.
Whether daytrading or end-of-day trading, the “00” plays a role in some of the most important support and resistance levels on a chart. Here’s how it played out on the intraday Dow futures today.
A Different View
We’ve been covering the Squeeze in these nightly updates, but today we’re using a slightly different approach that may help you stay in moves longer.
Patience for Retracements.
On the intraday Dow and end-of-day gold. Here’s how we wait for the zone for the best risk/reward.
Crude Oil Profit Taking Zone.
In this video, I show how to use Darvas levels to help identify profit taking zones.
Be Careful Of This If You Have Long Calls Expiring This Week …
In addition to this safe directional trade, this is one of my favorite pins for this week.
I Like 3’s
Good things come in 3s. 3 Digit numbers tend to be easy to remember — 3 tickers is just enough to offer some diversification, but still remember the names you’d like to be in the next day. With that being said, here’s the next trio for your consideration.
Don’t Underestimate the Daily Trends!
The daily charts of the S&P, NASDAQ, Dow, and even Russell continue to show that there is overall strength and resilience in the equities markets, and to get aggressively short is still a bad idea more often than not.
Keeping It Simple
I like finding the same setup in diverse tickers. It helps spread risk, while still focusing on the same basic setup. Let’s look at 3 names that currently fall into that category.
The Euro-gold-dollar connection.
The setup in any one really must take all three into account. The U.S. dollar is still the driver, and emerging markets and a hawkish FOMC are the main reasons.
Download My Indicators, Free!
Yup, no strings attached. Take a look at the ES trade that triggered with just one of the strategies I use with “PMRs” and download my indicators, free.
