Archive

Monthly Archives: May 2020

Pick Better Pullbacks – 5 Patterns for Tomorrow

Pick Better Pullbacks - 5 Patterns for Tomorrow

Wow – we got some strong moves into the closing bell this evening, and all that momentum tells me there’s likely another leg coming tomorrow – but where’s the best pullback entry?

Do I get aggressive with a shallow pullback? Wait for a deeper pullback? Or maybe try predicting a reversal? It all depends on the market’s context, and I’ll show you five reliable setups I’m watching for Thursday – lets get started…

Continue reading

Ride the Virus Vaccine Rally – Best Entry Points

Ride the Virus Vaccine Rally - Best Entry Points

Markets were drunk on the “virus vaccine kool-aid” to start the week, with strong bullish moves on Crude Oil and Emini ES, and Gold running lower the entire session…

Knowing this, I’m looking buy key support levels on Oil and Eminis, while selling the rips on Gold – but the entry points aren’t as clear – unless you know where to look – here’s the plan for Tuesday…

Continue reading

Too Early to Buy the Bounce? 4 Patterns for Thursday

Too Early to Buy the Bounce? 4 Patterns for Thursday

Too Early to Buy the Bounce? 4 Patterns for Thursday

Long-term trends might be bearish, but from what I’m seeing on the charts tonight, the buyers hold all the cards for tomorrow morning…

With Crude Oil sitting just below the weekly range, Gold sitting pretty in a bullish triangle, and bullish rotation coming off the low on the Eminis, I keep asking myself – is it too early to buy this bounce? Here’s my plan for Thursday…

Continue reading