Another main topic we spent time talking about during Monday’s option session was the difference between a volatile tape and a trending tape. While Tech is improving, it’s still not into a trend yet.
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We spent a lot of time talking about moving averages and their impact on our trades during yesterday’s option session. DDD is a nice example that highlights that idea.
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Some people have asked why I am more bearish on SLV recently. I’m letting the chart do the talking.
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The market has turned all-out bullish, although QQQ looked like it would fail on the buy setup. How does that affect Sami’s trading plan for this week? In this video, Sami explains: – The issues that he has with CLF – When CLVS will confirm a buy setup – Which media company he thinks looks best – Where he expects FREQ to go – How ODT is similar to FREQ
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QQQ may not be anywhere near its 52 week high but there are plenty of big names that are. Improving action across many different Tech stocks may be a positive signal.
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It’s not unusual to see a sector wake up in this market and many of the individual names within it move together. Health Care is showing signs of life, and there are a bunch of big names starting to breakout.
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It’s a holiday-shortened week of trading but there are still a couple big names set to report as the calendar changes over to April. LULU, BB, and WBA will be a couple of the featured prints.
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Last week the market looked pretty bearish, but it was completely undone at the very end of the day. Now, it’s looking like it will have a “W” pattern and will go back up. How should you plan to trade this week? In this video, Sami explains: – Why he doesn’t like the setup in GLD – How GDX compares to other gold stocks – What he’s hoping for in AIV – Where to take CLVS as a long-term trade – The major issue in EVFM
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Is this time different on Tech…yes and no. While some things are still acting ok and holding trends, others are not, so be sure your strategies reflect that.
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Reversals, head fakes, and breakdowns…you name it, the market is throwing it at us recently. Remember to keep your stops tight and hit your exits in a timely fashion.
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