Been seeing many struggle lately, so here’s my take on the market.
Post-tariff pullback → near-vertical 6-mo rally to Oct highs after 200 EMA break/retest. Now stuck in $40 range for ~4 mo.
Mkts don’t go vertical forever. Strong trends → consolidation (accumulation up or distribution down).
This time? No one knows. Traders react to PA, not bias—best TA can’t predict it all. That’s why trading is mentally brutal.
I am starting to see a shift: lower highs forming. 200 EMA now at range bottom (~583). If we sustain below 9/100 EMA that we rejected today, next likely stop is 200 EMA. After that = coin flip.
These phases = protect capital for next strong trend. Environment suits day trading > swing trading. Unless A+ weekly setups, focusing on day trades for now.
$GLD $SLV
With the ranging we’ve seen in broader markets lately, my focus this week is on metals.
Nice reset the past couple of weeks — looks ready for the next push.
$GLD daily reclaimed the 9 with a very strong candle Friday, closing the weekly engulfing at highs.
Silver has the same look. Expecting higher on both.
@artisanwill12 Very true will. This is exactly what stops people from becoming consistently profitable imo. Anyone can make money during uptrends; it's about maintaining discipline during ranging action (which always occurs) that makes the difference.
Despite today's weakness, barring any overnight news, I don't think we get a decisive move until $NVDA reports Wednesday AH.
Chop has two jobs: shake you out of good positions or bait you into bad ones.
When the tape is this noisy, your edge isn't finding the next trade. It's having the discipline to wait. No setup? No trade.
I've taken two options trades in the past two and a half weeks. The goal is simple: preserve capital until the market gives us a real move.
A higher probability environment is coming. The only question is whether you'll be trading it from a position of strength or chasing losses.
Been seeing many struggle lately, so here’s my take on the market.
Post-tariff pullback → near-vertical 6-mo rally to Oct highs after 200 EMA break/retest. Now stuck in $40 range for ~4 mo.
Mkts don’t go vertical forever. Strong trends → consolidation (accumulation up or distribution down).
This time? No one knows. Traders react to PA, not bias—best TA can’t predict it all. That’s why trading is mentally brutal.
I am starting to see a shift: lower highs forming. 200 EMA now at range bottom (~583). If we sustain below 9/100 EMA that we rejected today, next likely stop is 200 EMA. After that = coin flip.
These phases = protect capital for next strong trend. Environment suits day trading > swing trading. Unless A+ weekly setups, focusing on day trades for now.
$LUMN
Forgot to post this one last night. Shaping up well today.
Nice shakeout last week, bouncing off the daily 200 and closing above the supply zone.
With this week's inside bar, it looks set up very well for next week. Worth keeping an eye on.
Beauty of a trade on $QQQ today: clear bearish bias after rejecting the daily 9 and 50 EMA the past 3 days and setting up a potential lower high.
Waited for a clear entry with a tight stop at the 5-min 9 EMA using multi-timeframe analysis. Managed to hold most of the position until the next key level at 603.
Realized R-multiple was almost 15!!! Was having a tough start to the week with some oversized losses, but this completely wiped those out and then some.
That is why you have to keep your losers small and let those winners play out.
$COST
Another relatively strong name in Costco attempting a higher low on the weekly chart out of a 6 month downtrend.
A break of the key 1,000 psych level and this could easily move back up toward the highs.
Wouldn’t mind an inside day tmr to set up weekly inside bar to play next week.
$ABBV
Looking absolutely primed here. Great shakeout to the 200 and prior highs last week that might’ve been the fuel it needed for higher.
Already in this name but wouldn’t mind another add. Im in the the 230s for 3/20.
One of my favorite charts out there right now. The key in this type of market is to find the relative strength names with higher tf confluence and put all your focus on them.
$CRWV
Very surprising strength the last few days, and a great chart to go with it.
Attempting another weekly higher low while holding literally every single ema during today’s action.
Above the key 97.36 level, and I’ll look to take some calls if indices can show some strength.
$ACHR
Back at supply here which aligns perfectly with weekly 200ema.
Super tight risk for shares and leaps. One of my top focus names in the upcoming weeks.
Still fighting downtrending shorter emas but worth a stab imo.
$SOUN
Held weekly 200 last week with a reclaim of the $10 range this has a lot of room to run.
Tight stop under last weeks low gives this great risk/reward.
Love when a stock gives a pullback to key emas and everyone has stopped watching. Keep an eye on this one.
$CLSK
Retested and held support around the 8$ range. Nice spot for commons and leaps especially if you believe in $btc long term.
CLSK holds around 13,000 bitcoin currently valued at just over 900 million at current prices and are also positing themselves well with recent land deals in Texas for hpc.
They also recently hired Jeffery Thomas as senior vice president of ai data centers. He brings a lot of experience in data center infrastructure development and shows how the company sees this as as a priority for the future.