Trading a Runaway Market with Pullbacks & Reversals

Markets 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…

Fading the Crude Oil Spike – 4 Setups to Watch

Markets 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…

When ‘Traps’ are Necessary – Avoid the Head Fake

Our 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…

Trading the Turn – Best Reversal Setups

Sellers 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?

Predicting Breakouts – 4 Reliable Trade Setups

We’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…

Trading Sharp Pullbacks – Avoid the Stop & Run

Tomorrow’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…

3 Trend Lines to Watch on Thursday

Markets 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?

Buy the Rumor, Sell the News & 5 Powerful Price Patterns

Markets rallied today on optimism that the US would approve the Coronavirus Stimulus Bill, but with such big moves on the charts, I suspect traders are actually “buying the rumor so they can sell the news” on Wednesday…

Knowing this, my job tonight is to plan for that sharp correction, and be ready with the right set-ups to handle all the momentum – are you ready?

Trading the $3T Coronavirus Stimulus Bill

Markets are eagerly waiting for this new $3 Trillion Coronavirus Stimulus Bill, and my job this evening is to get us ready for all the different set-ups we may see tomorrow…

I see Crude Oil and Emini ES working with ranges, and a strong 123-reversal on Gold, are you ready for the next big move? Let’s go…

Hidden Ranges, Trade the “Snap Back”

Our favorite markets tumbled lower again today, finishing the session in what appear to be “hidden ranges” just off their lows…

Those hard-to-find ranges are a big clue, because with all this bearish momentum over the last couple days, I’m expecting people to get aggressive selling new lows…

My plan is to use those “hidden ranges” as price magnets, waiting for sellers to get caught chasing so I can trade the “snap back” – are you ready? Let’s go…