The Market may have some more room to the downside with the longer term uptrend still intact,The Mega Cap stocks have earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list and 2 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Great points! I noticed that SPY likes to dump when it reaches the daily resistance trend line. which was around $440. And it did dump today
matthew_lg
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@MoonBets I’m sorry but that really isn’t why it dumped it dumped so the big guys can take money away from you guys who think the market runs on just technicals I’m just letting you know this to help you out and see if you losing a lot of money
Hi Jack. Thank you for this great content. As I've mentioned before, I find it very educational to hear you talk through your thought process. I wonder whether one day you might do a video (not a new series, I know that would be too much work, just a single video) showing your follow through on a given week--i.e what you ended trading for the week, what your entry point ended up being, what your stop loss/take profit was. In particular, I'm curious how you set take profits since you often look at charts which have been consolidating near the ATH; do you use fibs to set your take profit? I'd love to see that in action, so to speak. So, if an extra video is too much work (which I would understand), maybe you can just explain how to you set your take profit in those scenarios?
Cyberdog99
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@mstanbur thank you very much. I can stop posting that stuff on Twitter if it would help you and others
Jtacher51
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@mstanbur, That is a good idea, I may do a follow up video to trades I have taken. Thank You.