Some of the things that I'm watching for in the stock market today as well as a few trade ideas that stand out right now. This video starts with a quick update on the broad markets via QQQ, SPY & IWM, followed by a look at the volatility indexes ($VXN & $VIX) as well as an update on some of the recently highlighted trade ideas that look compelling at this time.
I’m noticing quite a bit of bullish price action & technical developments in the apparel stores recently. This video provides technical analysis of the apparel sector as well as numerous apparel stores that appear to be setting up as attractive swing trading opportunities. Playback speed of the video can be increased by up to 2x by clicking on the settings icon at the bottom right of the video.
This is a follow-up to Wednesday's Earnings Trade Setups & Trading Tips video. In that recent video, I had scrubbed through a long list of stocks that were scheduled to report earnings on Wednesday March 8th, narrowing it down to a list of 20 stocks that appeared to have clearly bullish or bearish chart patterns. The purpose of that video was two-fold: First, to provide a list of actionable trade ideas with the additional benefit that all of those stocks will have just reported earnings, thereby allowing a swing trader to establish a position without having to make the tough decision [...]
The video covers the outlook for numerous stocks with clearly bullish or bearish chart patterns that are scheduled to report earnings today. Also discussed are several factors & strategies that traders might consider when trading a stock around its quarterly earnings report. One example of the point that was made in the video that it has been my experience that more often than not, an earnings-induced gap and/or the next direction in the stock in the coming days/weeks+ can be predicted with a fair degree of accuracy if the technicals on the stock leading up to the earnings report are clearly [...]