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 $QQQ $IWM) , bonds ($TLT), precious metals ($GLD $GDX $SLV) and commodities ($USO $UNG) to determine high possibility trade set ups for these and for individual stocks (both bullish and bearish).

The following are examples of various set-ups that Crosshairs traders use to determine possible opportunities. Others are discussed in CROSSHAIRS TRADING UNIVERSITY (CTU) and are available in the Crosshairs workspace via the Tradestation platform.

 

QUOTE OF THE DAY:  Investulating is the study of the art of speculating, which requires an investment of both time and money.

 

THE STOCK MARKET…IN THE CROSSHAIRS

STRATEGIC SUMMARY: Market is in bullish mode again after holding weekly chart support areas after a high candle count correction.   High candle count working off now on the daily so looking for the possibility of a renewed breakout.  Bonds are volatile.  Oil is extended, natural gas is in a box, while precious metals continue to bounce after a high candle count. Bottom line: we are looking for opportunities to set up on both the long and short side.

 

 

STOCKS…IN THE CROSSHAIRS

STRATEGIC SUMMARY: Watching general market now as it moves off an uptrend line and heads back to possible resistance.  We, therefore, are prepared to trade both the long and the short side with an emphasis now on the upside consolidation breakouts and an eye on possible reversal set-ups. Our long ideas include Bullish TIWs and several breakout candidates. Our short ideas include Bearish TIWs and breakdowns out of recent consolidations. Added new short ideas.

 

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. This is not intended as an advisory service but is for educational purposes only. Trade what you see, not what I think.

 

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