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 heading toward potential support areas. Oil continues its price movement within a tight range but looks higher and natural gas may be finding a bottom with a high candle count at support, while precious metals are attempting to hold recent support levels. 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. Added several new long ideas while exiting a few shorts yesterday.
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.