Good morning, traders! I won’t be able to go live for morning prep this morning, so I figured I’d put together a quick video to cover a few things I’ll be watching here today. I will see you all Friday morning at 9:00am est as always!
Happy Sunday, traders! I went short the $SPX last week, and I wanted to discuss the “warning signs” that I’ve been seeing in today’s video. We’ve been waiting on this daily squeeze to release energy for over a month, and based on the distribution across many sectors, I believe it will release that energy to the downside over the next few weeks. Let’s take a look! ???? *by the way: we’ve got a new mic on the way this week, so audio quality should get even better moving forward!
Though tech stocks lead the way this week, the distribution across other sectors is putting some downward pressure on the $SPY daily squeeze. Here’s a look at the short position I took this week, and the level of support I’ll be targeting on the downside ????
Thanks to those who came out to see me at the Money Show! This week we are focusing on the Qs and talking about the importance of proper position sizing.
The market is in chop fest mode, nothing but sideways motion; however, this can potentially lead to some good moves to end the week. It could all depend on some economic data, let’s dive in.
The Chop fest continues and even though we are still stuck on Phase 1 of the squeeze, we were still able to end the week strong by selling some Iron Condors and taking profits on Google and Caterpillar.
Taking a look at some catalysts (cats) that may impact the market this week.
Taking a look at where the market is going into this new week and talking about some of the setups I’m most excited about, which of course include squeezes and credit spreads.
Chandler gives some insight into his view on the current state of the market. Bringing the day trading perspective to the Focused Trades family and breaking down some of his key-levels and indicator use.
Taking a look at the Daily Structures of SPY and QQQ and keeping an eye on their squeezes, also looking for tech to move with the SPY into the 2+ATR range. We also touch on some of our current setups like: GOOGL, FB, CAT, and MMM.