Trading
May 19, 2019
Here’s your weekly market analysis video to prepare for the coming week. The markets continued to be buttressed by headlines this week as the NA indices closed the week green however IWM and DIA are both now trading below their quarterly opens and set up the potential for more selling. Trade talks, the FOMC meeting, and earnings will be the focus for the coming week. In this week’s video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA TLT BTCUSD TOTAL UKOIL EEM PLAY CBOE GDDY MU AMD DE and a review of the sectors for […]
May 17, 2019
This past Wednesday I did an Open Office Hours session on YouTube Live and one of the topics I spoke about was the nature of outside bars and why setting your stop at the highs or lows of outside bars is such a terrible idea. You can find countless examples across all timeframes but here’s a good example that played out on the 4H chart on TIF. Today TIF goes inside bar reversal and down taking out all the outside bar lows. If you’re setting your stops under/above outside bars do yourself a favor and watch this past week’s video. […]
May 16, 2019
Last night I held an impromptu Open Office Hours session on Youtube Live where I took live questions, reviewed some common questions I get from the blog and videos, discussed the recent crypto trades, and shared a part of my nightly review process. Thanks to all who saw the late email and showed up. In case you missed it here’s the recording. I’m going to start holding Open Office Hours more regularly so stay tuned. Oh yeah, next time I promise I’ll give a little more of a heads up. 😉
May 15, 2019
The markets have had a tumultuous few days with investors and traders transfixed to each headline coming out of China and the White House. Even the recent rise in cryptos have been attributed to Chinese traders rushing to get their Yuans denominated into BTC. Riddle me this geniuses – Bitcoin was trading at $4210 just over 2 months ago when we first recommended buying it, why weren’t those same Chinese traders buying it then for a ~$4000 premium? The reason is that at this point in the Bitcoin cycle, it’s simply trend/herd following and momentum strategies getting into the crypto […]
May 13, 2019
In case you missed it, the day started off bad and only got worst for the bulls. This was the worst case scenario as the gap down on the indices this morning not only trapped all of the longs who bought Friday’s rally but also handily turned the quarterly charts red on all the indices. This means all the indices are now trading below their 3-month opens and we have full-time frame alignment on all the major timeframes to the downside. So long as price remains in this condition the bias needs to be short and any rips should be […]
May 12, 2019
Whether you trade at home or in an office. Trading by its very nature can be a very solitary endeavor. As socially wired creatures we all have a deep desire to be seen and heard. As such many traders gravitate towards trading websites and social media platforms to share trade ideas, commentary, and seek validation. While there are benefits to social media like the sense of community and belonging, there is also a darker side that goes beyond the mere endless digital distractions. Anyone who knows me knows that I am no fan of social media prescribing more towards […]
May 11, 2019
Here’s your weekly market analysis video to prepare for the coming week. In case you missed it the markets were at the mercy of the ongoing headlines and tweets surrounding the US and China trade talks and the structural cracks we have been talking about in the videos finally began to show themselves. Trade talks and earnings continue to be the area of focus for the coming week.
May 8, 2019
The continuous barrage of headlines coming out of Washington is doing its damnedest to ruin the plans of bulls and bears alike keeping both sides on their toes and stopping out the majority of participants including yours truly. Don’t be fooled by today’s price action – today is a consolidation day after yesterday’s wide range day, At the time of this writing, all the indices and the majority of sectors (excluding XLU) are trading inside of yesterday’s range. Anyways as the saying goes, when the going gets tough the smart get lazy. Time to let off steam and catch a […]
May 8, 2019
Although the markets went, well nowhere on Wednesday it’s been a volatile trading week. In this video, I discuss the week’s notable price action and outlook as well as names to keep on your watchlist. VXX SPY QQQ DIA IWM XLI CAT DE MU FB XLU NEE D EEM TWTR FB
May 7, 2019
The markets cracked under selling pressure as the bears greatly overwhelmed the bulls and stopped out all of those who were who lured back in following yesterday’s rally (bull trap). Due to the fractal nature of price, all large sell-offs begin as small sell-offs and so we’ve been watching the weekly lows to break on the indices to spot a potential larger reversal. Today we got that break on the SPY, QQQ, and DIA with each now trading below last week’s lows. The IWM is still trading above its last week’s lows however it is currently trading in a failed […]