https://www.youtube.com/watch?v=iikC8daibmg
Drop me your top watchlist names this morning…
Comments »Night Owl Open Forum
For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.
In addition, anything else about the current market, feel free to drop below.
Speak your mind, night owls.
Comments »Late Night Strategy for Wednesday
Several stocks holding up quite well on a relative and absolute basis in this market, from an overall chart perspective, are: ACHN AGIO FRGI JACK JWN. They continue to be long ideas if the rally continues.
And on the short side, if we see the market start to crack I like AmEx on weakness after bouncing back up to its declining 20-day moving average.
The daily chart, below, shows that the damage sustained this autumn is far from repaired.
Drop me your top tickers overnight.
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A Robotic Rally
The V-shape rally cometh again, as last week’s lows have led to a sharp rally in the tape ever since.
I have been laying off the short side for a while now, but am looking to get involved tomorrow if I catch a whiff of weakness.
As I will explain in my video market recap after the bell, I do not believe we are out of the woods.
See you there.
Comments »A Quality Gem
ACHN continues to be one of the better charts in a market full of sloppy ones right now, despite the bounce we have seen in recent session.
On further strength, you can consider this heavily-shorted play a long idea for a breakout squeeze higher from the tight price pattern on the daily timeframe, below.
Drop me your top afternoon ideas.
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A Check-Back Into Halloween
On the small cap ETF, this $110/$111 area is the first spot I am strongly considering a short now.
I want to see signs of rejection at this prior support area, in order for me to play for it converting into newfound resistance during this “check-back” by price to a key level.
If I see it, TZA is my vehicle of choice. If I do not, I would take a pass on the trade altogether.
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