I see a lot of range-bound markets on the charts this evening, which tell me to look for failures and breakouts on Tuesday…
Speaking of breakouts, there’s one in particular that has me asking – “Should I fade it, or trade it?”
Continue readingWe’re heading into the final trading session of the week on Thursday, and with everyone waiting on news from OPEC, ECB, and the FED, we need to be ready for all the different scenarios…
Emini ES is bullish with a “false top”, Gold is bearish into a range, and Oil is range-bound ahead of tomorrow’s announcement – we have a lot to cover in tonight’s newsletter – roll those sleeves up and get to work!
Continue readingWe’re heading into the last full session of this holiday week, which means the pressure’s on the BIG Money to find the best set-ups before lunch on Thursday…
Knowing this, my plan’s to stay patient; these recent reversals off the highs are tempting to buy, but momentum tells a different story, and I’m looking to get short into the buyers’ stops – are you with me? Let’s go…
Continue readingMarkets got off to a strong start this morning with breakout moves higher, and they never looked back, closing firmly at their highs, but we need to be careful…
It’s tempting to chase these “runaway markets” out of FOMO, or even shorting off the highs if you think it went too far…but that’s my plan…
My plan for “runaway markets” is all about patience; waiting for the right pullback entry at the right level, or grabbing the reversal when the timing is right – here’s how…
Continue readingMarkets got a little crazy this morning after news broke about a potential production cut for Crude Oil, sending markets running higher in excitement…
But we’ve heard this song many times before; prices usually end up going right back to where they came from…
Knowing this, my focus for Friday is to fade this Oil spike, and I have (4) four reliable set-ups on my radar – are you ready? Let’s go…
Continue readingOur favorite markets are bearish going into Wednesday’s session, which means I’m looking for sell setups using key resistance levels overhead…
But sellers have a problem – rising support trend-lines – which often cause “head fakes” and stop-runs. My solution (to avoid those losses) is to focus on traps tomorrow morning – are you ready? Let’s go…
Continue readingSellers got their hooks into our favorite markets today, and with this change in momentum, I’m hunting for the best reversal patterns for tomorrow – are you ready?
Continue readingWe’re going into the final day of March on Tuesday, which tells us to anticipate increased volatility and make adjustments accordingly…
An even bigger clue, however, are all these easy “breakout” clues this evening, because the Emini ES, Crude Oil, and Gold are all trying for breakouts…
Knowing this, I want to make sure you know my four favorite breakout set-ups…
Continue readingTomorrow’s the last Friday of the first quarter, which means we’re going to be trading a rare situation; end of week, end of month, and end of quarter, and that means increased volatility…
Knowing this, I want to make sure we’re ready for sharp pullbacks tomorrow morning, because if you’re not prepared, you’ll get fooled into taking the wrong side of the market – are you ready? Let’s go…
Continue readingMarkets are still waiting on the final approval of the Coronavirus Stimulus Bill, and while we wait, the markets are range-bound and sideways…
I love range-bound markets, because they tell me exactly where to find the best set-ups, and I see three important trend-lines to watch for tomorrow – are you ready?
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