Hey traders! Welcome to 2024! As part of an entrance to a new year, I always review the data that I get in my trading account. What am I looking for? It’s always interesting to go back and look at what my top (and bottom) tickers were, along with which strategies and setups did the … Read more
Hey Traders! Want to learn more about my top tickers with trade ideas for this week? Check out the video I made for you below in this special, extended video edition of Five Star Trader! During this episode, I discuss tickers, butterflies, timing, and more. Let me know what you think in the YouTube comments … Read more
The Santa Rally You may have heard the name ‘Santa Rally,’ but what exactly is it? Let’s check out this post by Jeffrey Hirsch, made on December 21st. Official Santa Claus Rally Starts Tomorrow! It’s not a trading strategy; it is an indicator. To wit: “If Santa Claus should fail to call, bears may come … Read more
Hey traders! Last week, I posted a setup in Meta Platforms (META). Since then, this setup has taken off and met multiple price targets. I took 45% profits on the butterfly I shared yesterday, but I still think this name has more upside. In my case, I had a butterfly targeting $340, so with META … Read more
Hey traders! The indexes have been just about straight up since October 27th, and were further fueled by the Fed yesterday. It’s natural to ask if the indexes can keep going higher at this juncture. While they are admittedly extended and could use a good pullback before the next leg higher, I continue to believe … Read more
Hey traders! In today’s video newsletter, I discuss a buy the dip setup in META. Check it out below!
Hey traders! The Nasdaq is pulling back today, which, in my opinion, is a much-needed move. With the extended market, buying anything with an edge was nearly impossible. So, while pullback days aren’t as much fun as when the market is roaring (unless you’re short), I use them to identify opportunities. In this case, I’m … Read more
Hey Traders! On Monday, I sent you a video about my short-term setup in Tesla, along with my $250 price target. You can check it out in the Tweet below… Since then, the squeezes I noted fired to the long side, and Tesla traded directly to my Fibonacci price target at the 1.272% extension level. … Read more
Good morning, traders! The Nasdaq futures are choppy at 16,000 after making quite the run. So, what’s next? Looking for the next round of setups, of course! When tickers and indexes get sticky, squeezes will start to consolidate. Those squeezes generally occur on the lower time frames first. When those squeezes fire, they can either … Read more
Retail Earnings Week This week, we have a slew of companies reporting earnings, including: Home Depot (HD) Target (TGT) Advanced Auto Parts (AAP) TJMaxx (TJX) Walmart (WMT) Macy’s (M) Ross (ROST) Gap (GPS) BJ’s (BJ) Regarding retail, there is a big difference between the heroes and the zeroes. Many losers are already in downtrends, have … Read more