The Crosshairs Trader Blog

THE STOCK MARKET…IN THE CROSSHAIRS

Each morning I post short videos via StockTwits wherein I discuss general market conditions ($ES_F $NQ_F $DJIA $SPY $DIA) , bonds ($TLT), precious metals ($GLD $GDX $SLV) and commodities ($USO $UNG) to determine possible high probability trade set ups.  Here is my latest:

 

THE STOCK MARKET…IN THE CROSSHAIRS

SUMMARY:  After resting for a few short days the market has resumed its bullish reversal move.  Bonds should begin their descent after a high candle count on the daily. Oil is back into a tight consolidation and natural gas reached its consolidation lows again, while precious metals are holding weekly support.  Bottom line: we are currently cautiously bullish until proven otherwise.

 

 

STOCKS…IN THE CROSSHAIRS

SUMMARY:   General market is now breaking higher after a short rest.  Watching both long and short opportunities play out with this renewed up swing in the general market.  We have several stocks on our watch list on both the bullish and bearish side.  We have added a few new ideas on the long side.  Re-entered a previous short idea and added some new longs.

 

 

NOTE: The above are provided as opinions not facts, as no one and no chart can consistently and accurately predict the unknown.

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