In today’s video, we dive deep into live trading analysis, covering several key stocks including Citibank ($C), General Motors ($GM), Etsy ($ETSY), and Space ($SPCE). We also examine broader market trends and how to remain disciplined while waiting for the right trading opportunities. The session highlights several potential short trades and the importance of following strict trading rules.

The main focus of the session was Etsy ($ETSY), which presented a perfect downtrend. With a decline of over 11% since July, Etsy has become an ideal candidate for short trading. The alignment of the 10-, 20-, and 50-period moving averages confirmed the bearish trend. Although technical difficulties in the OVTLYR platform delayed some filters, the manual analysis still revealed Etsy as a strong short opportunity. With a sell signal and performance summary showing a 6.93% gain, Etsy stood out as the best trade of the day.

Citibank ($C) was another stock under review. We explored its price movement within an order block, where it recently closed outside of the block, a key signal in technical analysis. Although the opportunity to trade Citibank passed, this example highlighted the importance of understanding price behavior within order blocks. General Motors ($GM), on the other hand, showed signs of weakness but hasn’t fully developed a downtrend. With a 5% drop today, it’s on our watchlist, but without the necessary crossover of technical indicators, we held off on trading.

Space ($SPCE) also provided a clear downtrend with a sell signal back on August 29th. Over the past week, Space has dropped 8%, confirming the bearish trend and presenting a solid short trade for those already positioned. The technical indicators were fully aligned, making it a strong example of a proper setup for shorting in a declining market.

From a broader perspective, the market remains mostly bearish, with only real estate and consumer staples showing strength. We emphasized the importance of adhering to our trading rules and waiting for full confirmation before entering trades. This discipline is crucial to avoid unnecessary risk, especially in volatile conditions.

Looking forward, we will continue to monitor Etsy to see if it holds below the 50-period moving average, which could present another short opportunity. General Motors and Space are also on our radar for potential trades as the week unfolds.

Thank you for tuning in to today’s analysis. Make sure to subscribe for more live trading sessions and insights. Staying patient, disciplined, and market-aware is key to successful trading!

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