Let's Trade

2/3 Markets rising to start the day (SPY/QQQ), with the Q's leading the way. Up pretty big already though so possible to see some choppiness in a bit or maybe a little bit of a pullback.

Bitcoin and crypto market consolidating a bit today still, as it has been over the past few days. No reason to expect any downwards significant moves below ~47.5k, so could be a good opportunity to trade some bounces.

The rip on Friday and the good day to start the day tells us that investors seem to be ok with tapering, as Jerome Powell said Friday that tapering will not begin ahead of schedule. As long as there are no surprises investors should be able to more accurately identify when to buy and sell, which will lead to a little more stability for the next few months until the tapering actually does begin. So take advantage of this time of low volatility!

All 3 market indexes finished lower today as expected, as the Federal Reserve Symposium in Jackson Hole gets under way with investors expecting there to be news of tapering and a reduction of the fed's generous monetary policy.

Bitcoin and crypto holding steady in a consolidation range which is nice to see when compared against the market slide today.

No trades taken today and likely not tomorrow either. Will need to see what direction we go in to confirm a bias one way or the other with volatility indicators spiking up during the day.

Markets today start very flat again, likely will remain that way unless there is a little bit of a pullback depending on what the various Fed reserve chairmen/women say. Due to improving unemployment, a lack of obvious inflation and increased consumer spending it is highly unlikely there will be increased stimulus from the fed, so we are likely going to hear tapering talk which could spook investors and cause a bit of a downturn.

Personally, I will be SOH today and likely tomorrow as well as there is going to be a lot of uncertainty in the markets as investors digest what the Fed executives say today, and Jerome Powell says tomorrow. Now may be a good time to start building up some cash to buy dips that are likely incoming in the coming weeks/months.

Markets open about as flat as can be, and there are not a ton of potential good gaps or stocks to be watched today. Likely will be a SOH day where we do not take any trades.

However a couple being watched are MU, TWLO and THO. Not super convinced on any of them though...

Bitcoin drops below our consolidation range overnight but quickly bounces back up into it. Likely will not see any significant movement here or in the rest of the crypto markets today.

As predicted it was a relatively quiet day in the markets with all 3 indexes closing higher but only just. Trading volume was roughly half of what it normally was. Investors are again likely waiting for the Federal Reserve symposium which is now only going to be a 1 day virtual event on Friday thanks to some COVID virtue signaling. What else would you expect from a branch of the government?

Bitcoin holding towards the lower end of a consolidation at 48k, looking for a bounce here otherwise we could dip back down to 46k more or less and bring the rest of the crypto market with it.

LMND did not workout today on a breakout play unfortunately. That is how it goes sometimes which is why it is very important to take hard stop losses and protect your trading account!

After a huge rally yesterday and the Fed's symposium  coming up later this week which is expected to cause some movement in the markets, we are likely going to see a pretty tempered day today. This is good for us day traders as it gives us opportunities to find good reliable patterns that will not be pulled one way or the other unexpectedly by the broader markets.

Some stocks being watched are SAVA, TWLO, and LMND. Only taking trades if t hey present good reliable patterns though!

The QQQ blows by a previous record high, SPY sets a record high as well and the DOW finishes up by a pretty good margin. Great day all around for the markets, hopefully signaling a sign of strength for the rest of the week. Nothing is certain though especially with Jerome Powell and the Fed's symposium up in Jackson Hole later this week, so we will see what happens then.

In the meantime though, VLO worked out quite well for me playing off the momentum that the energy sector had today, MOS got about 60-70% to target but ended the day at break even. Ended the day overall up 2R so good start to the week.

Bitcoin looking solid still holding onto gains, although it is normal that it needs to rest after finally making a push up to 50k. Next target would be around 56k. 

All markets start up on the day by pretty good margins, looking to continue the momentum from a strong close last Friday. SPY and QQQ pretty close to record highs though so could potentially see some choppiness around the current range.

Bitcoin breaks above 50k as predicted without a ton of resistance on the way up, next stop would be around 56-58k, however expect some choppiness on the way up, very unlikely to be a straight line up.

Some stocks being watched today are COIN, CHWY, UPST, and MOS.

Markets open a little down but pretty flat for the most part, after a big slide yesterday into support there is definitely some potential today for a bounce. Keep an eye out for stocks that ended at support levels yesterday and are showing a quality pattern today at the open. Lots of opportunities out there.

Bitcoin sitting at 45.2k, near the bottom of the consolidation range we have been in for the past 10 days or so. If markets have a good day today we could see some of that flow into bitcoin and crypto which would be nice as it would keep the upward momentum going.

Some stocks being watched today for long plays are CHWY (Above 94.50), NOVA (Above 32.20), LITE (Above 81.80), and PLNT (Above 73.50).

Stocks gap down to start the day and don't look back, all 3 indexes ending the day pretty far down. However, we did end the day relatively close to a few levels of support so there is a chance we see a nice bounce tomorrow. Will need to see what the pre market charts look like to determine whether or not we are going to have a potential bounce.

No trades taken today, but not losing money is better than losing money in uncertain conditions. Will be planning on looking for stocks that ended down today close to levels of support and putting them on a list. Then in the morning after pre market charts get going, start looking at that list and see if anything is gapping up. Could be a huge profit day if there is in fact a market bounce!