It’s been a wild week. Yesterday the markets rebounded after a new US labor-market reading helped ease fears about a more pronounced slowdown. All 3 major groups indexes advanced, and the stock market recorded its biggest single-day gain since 2022. Still, with the inherent volatility we’ve seen this week, I’ve stressed traders should remain selective … Continued
Long-side traders, buckle up. We’re in for a bumpy ride. Every rally seems to hit a wall lately. The market’s giving us a clear message: adapt or struggle. My response? Quick hits over long hauls. I’m snatching profits fast and staying light on my feet. In this market, hesitation is costly. Blink, and opportunities vanish. … Continued
Yesterday I showed you Welltower’s (WELL) bullish setup as one of my top watchlist picks. I knew I couldn’t pass this one up. WELL had an A+ setup according to my S.A.M. scanner, with multiple squeezes on the 78-minute and 1-hour chart. And lo and behold, S.A.M. delivered again. Later that morning, Welltower’s stock moved … Continued
This Squeeze Setup Could Be Your Next Big Win
This past week hasn’t been easy for many traders, including myself. I saw traders who plowed money into semiconductors face margin calls and steep losses. Now, those same folks are doubling down on those bets, praying for a rebound, or chasing money as it rotates from one sector to the next. However, there’s a better … Continued
Make no mistake about it, finding a great setup in this tape has become a challenge. Luckily, I don’t have to manually sift through hundreds of sharts to find one. The S.A.M. Scanner does it for me. And believe it or not, I was able to find a compelling setup, despite all the volatility we … Continued
The Nasdaq futures sank by 4% over the last 3 days after the latest market sell-off. When the markets show volatility like this, technical analysis almost goes out the window. The markets are just raw emotion. That’s why it’s crucial to be patient and not overreact. As I’ve told members in Daily Profits Live “It … Continued
Stock futures are under heavy selling pressure this morning leading up to the jobs report. And, with so much volatility and uncertainty in the market currently, it’s better to play it small or stay on the sidelines. More importantly, you have to not let your emotions interfere with your decision making. Of course, that’s easier … Continued
Yesterday a Daily Profits Live member (who went by the name of “Sharky”), asked me why I didn’t make a trade on the QQQ that I had mentioned earlier. I thought this was a good question. It was also a good time to share a lesson I’ve learned throughout my time trading. And that lesson … Continued
Stock futures are soaring this morning ahead of the FOMC announcement. But with so much volatility and uncertainty in the market lately, today’s watchlist pick from my Daily Profits Live Portfolio is a change of pace from my usual selections. Instead of looking for strong trend stocks in a consolidation phase, I’m turning my attention … Continued