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:  What good is a map if you have no destination in mind?

THE STOCK MARKET…IN THE CROSSHAIRS

STRATEGIC SUMMARY: Market is back to an extended, high candle count move so watching closely for some sideways “chop chop”.  Bonds are setting up another trade.  Oil is volatile and is attempting to break higher. Natural gas is bouncing off support, while precious metals are attempting to hold recent support.  Bottom line: we are trading both sides with an emphasis on the reversals and strong breakouts.

STOCKS…IN THE CROSSHAIRS

STRATEGIC SUMMARY: Watching general market now as it continues higher at all time highs but with weekly and daily high candle count. 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  long 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.