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: It is ok to admit defeat when wrong but not ok to refuse to join the other side if prudent to do so.
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 reversing after an extended run. Oil is breaking the box; natural gas is attempting to break a daily down trend line, while precious metals continue to 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 begins a short term down trend. 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.