Each morning I post short videos via StockTwits wherein I discuss general market conditions ($ES_F $NQ_F $DJIA $SPY $DIA $QQQ) , bonds ($TLT), precious metals ($GLD $GDX $SLV) and commodities ($USO $UNG) to determine possible high probability trade set ups for these and for individual stocks (both bullish and bearish). Here are my latest:
THE STOCK MARKET…IN THE CROSSHAIRS
STRATEGIC SUMMARY: Market is attempting to break out of and hold above the “yellow zone”; therefore, we continue to be cautiously bullish here. Bonds are breaking down again and filled a gap but is now finding minor support. Oil continues its price movement within a tight range and natural gas continues to head lower, while precious metals are attempting to hold weekly support. Bottom line: we are currently cautiously bullish until proven otherwise while the market negotiates the “yellow zone”.
STOCKS…IN THE CROSSHAIRS
STRATEGIC SUMMARY: Watching general market in its “yellow zone”. We, therefore, are leaning bullish but are trading the bearish side also while we negotiate current price levels. Our long ideas include Bullish TIWs and a few breakout candidates. Our short ideas include Bearish TIWs and breakdowns out of recent consolidations. Moving one long idea to the short idea column.
BULLISH STOCKS…IN THE CROSSHAIRS
BEARISH STOCKS…IN THE CROSSHAIRS
NOTE: The above are provided as opinions not facts, as no one and no chart can consistently and accurately predict the unknown.