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: A trading system is worthless in the hands of a fool.
THE STOCK MARKET…IN THE CROSSHAIRS
STRATEGIC SUMMARY: Recent breakouts are under pressure as we continue to be aware of the high candle counts on the weekly charts for the major indices. Bonds are volatile in a box. Oil is volatile in a box; natural gas is holding the bottom of a weekly box, while precious metals are resuming a new run higher. 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 chops around after attempting to hold a recent breakout. 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 a new long idea.
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.