Best Momentum Plays (Holiday Strategy)

We’re headed into Veteran’s Day Holiday on Wednesday, but with markets open, and people watching at home, I wanted to make sure you know where to find the best opportunities…

The key to trading a “holiday session” is riding momentum.  Markets will be a little slower than normal, but we often get a couple nice moves to trade with.  Here’s my plan for the holiday…

E-Mini Buyers Looking to Ride Momentum Higher…

E-Mini S&P is bullish and trying to complete a pendulum swing above today’s trading-range.  Buyers have momentum on their side, but I don’t want to buy the high of this range, so I’ll be looking for a 123-breakout pattern tomorrow morning…

Crude Oil Bull Spike Says Be Ready for Pullbacks…

Crude Oil is bullish with a spike and channel, which means I’ll be looking to buy pullbacks off the highs.  The challenge is, we’re trading into major resistance, so I’d like to see a deep enough pullback to trap in the sellers to help us trigger a short-squeeze back to the highs…

Gold’s Bullish Range Says Buy the Dips, But Don’t Forget Monday’s Momentum…

Gold is bullish into a trading-range this evening, telling us to look for buy setups at support levels below the range tomorrow morning.  The challenge, however, is that big move down from Monday, which reminds me to use a “nested” failure pattern to trigger the entry long…