Swing Trading Days to Weeks | John McNichol | 5-4-21 | "Sell in May" Impact To Short Term Traders

Swing Trading Days to Weeks | John McNichol | 5-4-21 |

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good morning everyone john mcnichol here and welcome to swing trading days two weeks what we'll discuss today is the bounce as far as the swing trade since looks like prices are pulling back we'll also talk a little bit about the market today and what selling may go away may have an impact on short-term traders so stick around all right it's great to have everyone that's live with us today such as vj rich l neil timothy charles e de carlos anthony sumi giles ray mark peter john and everybody else wow quite a few people with us here today live also special shout out to those you listen in the archive session as well we have cameron may helping us out on the chat today any questions i am unable to get to uh he'll be more than happy to help you see my twitter handle on the screen at j mcnichol underscore tda wish to follow myself along with other fine instructors such as cameron may let's go and take her disclosures and get right into it options not suitable for all investors spread straddles other multi-leg option strategies often involve greater more complex risk along with transaction costs which should be considered when evaluating any trade in order to demonstrate the functionality of the platform we will be using actual symbols keeping in mind td ameritrade does not make recommendations term suitability of any security or strategy for individual traders any investment decision you make your self-directed account is solely your responsibility you're encouraged to practice what you learn with tools such as paper money keep in mind that successful virtual trading is not guaranteed successful of actual funds during later time periods market conditions change continuously as always all investing involves risk including the risk of loss and a stop-loss order will not guarantee an execution at or near the activation price once activated they compete with other income and market orders all right and here's our agenda uh we'll go and take a look at the market open there that looks like we're seeing a little bit of a pullback we'll discuss about selling may the impact on short-term traders uh actually bring up some seasonality charts at least for the last five years and uh see what the markets may have done and uh we'll discuss kind of the common uh techniques as far as on swing trading for those of you that are new you may hear these acronyms such as the kohl'd gold represents close above high of low day essentially a support bounce whereas the kablood uh close below the low the high day kind of more of a high resistance these are techniques that swing traders may utilize to capture relatively smaller moves and we'll go ahead and review some of those trade setups all right now let's go ahead and bring up the thinkorswim platform see what we got going on today uh point your attention over on the left hand margin there's my twitter handle at j mcnichol underscore tda also if you like what you're learning here today this session is part of the trader talks channel along with other fine webcasts such as cameron mays getting started with technical analysis if you happen to be new to this uh webcast here certainly welcome you uh please say hi or that you're new there uh but if you feel this is a little fast pace or you want to get to some of the basics there feel free to follow cameron and as we look at the s p uh on the open we're seeing uh a bit of a continuation of a pullback from the high last week now you know from a concept of a swing trader uh we're identifying the trend first and foremost you know what is the directional bias of the trade and you know are we making higher highs and higher lows from a market perspective this is still occurring in example of the s p 500 now if we go ahead and pull back a little bit take a closer look uh we can compare the higher highs as well as the higher lows now notice in this pullback here we are below a previous high uh when one sees that one may see that that could point towards a lack of momentum indicators such as the macd may give that indication of that lack of momentum and you'll notice that it is showing a little more on the negative side now it doesn't mean that that is a bearish trend the trend is still up it's just that its momentum has slowed down um ideally for more of strongly bullish momentum uh traders would like to see those higher lows being above a previous high um now we're kind of pulling back into that range however if price action still stays above previous lows you know that trend is still intact a good tool that i shared in the past and uh probably a good introduction to bring it back is under the patterns tool for those of you that struggle you want to identify in possibly these highs and lows that may appear in the trend go to the patterns tool and select show patterns and then there's a check for select patterns we go and select on this this is part of the candlestick tab and with under the candlestick tab it's called williams fractal williams fractal in fact they even have to finish typing it it comes up on the list these are in alphabetical order if i go and double click on that that will bring up the fractal you click on the question mark that will basically give you a background on what it does this actually is a good uh potential indicator to help illustrate the aspects of the coholds and the kablodes basically the resistance the support bounces and the resistance bounces off of highs and lows if you click on more details this will take you to our learning center and essentially what this indicator attempts to do is identify highs and lows in a trend based off of candle reversals uh and these candle reversals are uh what we look for uh in some of the aspects of swing trading make a a note of that as uh we'll reference that as i go in and bring up the s p 500 you can see how these fractal points uh will plot on the chart identifying highs and lows and i'm not sure caught one here it doesn't look like we may have caught one here on this example which is kind of let me remove this drawing up yep there it is uh usually you know we'll and now this is not a real time indicator folks keep in mind but if there's any type of candle reversal and prices are trading or closing above the high of a low day this is an example of a cohold it'll identify that low likewise it will identify a kablood now this carrots hiding behind that high mark but when prices reverse below the low of a high day then that would mark a carrot as well that's a kablood there and here's an example of a kablood as well there's the high there's the low and then here is price closing below the low of the high day so what traders swing traders are essentially trying to capture uh are some of these swings now this is actually one of the more larger swings that we've had in the market during the month of uh uh april as price action um barely pulled back at all uh in a lot of cases less than about one day okay that's what we're seeing going on right now with the s p 500 hopefully it's a useful tool for you as you look at some of the other indices such as the nasdaq nasdaq is down even stronger and so you know we're seeing and we have been seeing some divergences you know not every index has been doing the same thing therefore every stock is not going to be doing similar things here as well uh the nasdaq kind of more in the growth area on the tech side uh you know we've had those fang stocks come out with their earnings everything is out in the open now and we're seeing an opening right now in the nasdaq that is below the low so when we look at trend from a swing trader perspective higher highs and higher lows we're actually seeing more equal highs and we've had equal lows up until this point now price breaking below that support can potentially be a sign of reversal in this case at least a shorter term reversal and from a short-term swing trader a bullish trade you know may be going a little more against the grain here if the price continues pulling back now we do have an intermediate average here in this case a 55 day moving average that can be a pivot point for the overall trend and you can see in the nasdaq at times when prices have sold off being more neutral uh looking for more of the bullish reversal as far as prices making those higher highs and higher lows or more of a bullish setup whereas when things start breaking down uh we may be considering some more bearish setups that's what you got going on with the nasdaq uh the uh the dow has been relatively stronger uh i have an indicator on the chart relative strength on the bottom of the chart comparing to the s p 500 and uh the uh the dow since actually overall going back to february uh this is a three-month chart correction three-month chart has been outperformed in the s p uh let's see if i go and change this to a six-month time frame that still holds and still edging out over the last six months jim says he doesn't see the williams fractal standard not seeing it okay well make sure that you add it right it is under patterns show patterns select patterns and remember it is in the candlestick tab not the classic or the fibonacci the candlestick tab it's an alphabetical order and it's at the bottom of the list okay got it on there we'll incorporate that more as we talk about uh some of these holds but the dow is holding up relatively stronger uh today but kind of more of the larger cap multinationals and finally the russell which has been struggling overall uh over the last couple of months as we're seeing you know kind of more erratic as far as with those highs and lows although some recovery here throughout the month of february as prices did finally break out to the upside price is pulling back and from a bullish perspective notice again we did break back down below some of those previous highs which may show again a slowing of momentum but traders are still looking for that potential to hold looking for prices to trade or close above the high of the low day and here's some previous holds on the russell and you know this is going to be the question you know is this another opportunity to buy the dip okay so notice again you know four indices uh all four of them have you know different views okay uh some technicians may refer to that as signs of a top uh those have looked at ops in the past um or at the very least uh may see some form of consolidation which kind of gets into our topic here you know as far as you know sell in may and go away uh probably an overused maxim over the last 24 48 hours um you know one of the things to consider on you know what does that mean uh i'm going to go full screen on this one so we have anything coming up is you know kind of the idea is from a historical perspective after uh periods in this case november to april uh historically has been a very strong returns in the market and you know the previous six months has been no exception uh where we've seen returns of over 20 some 30 percent uh in some cases uh the period from may uh to uh october historically uh has lagged in some of that performance and i'm not necessarily being negative i believe from a historical perspective i think the dow returns are around two and a half percent i don't have the s p handy uh at the moment now i've also done some back testing uh myself at least over a 15 20 year period on a sell in may uh go away until october uh approach and there has been uh some outperformance during different times but over the longer term uh you know it seems from more of a buy and hold perspective that you know leaving money in the market you know has been beneficial but what is the impact to short-term traders and short-term traders are trying to take advantage of momentum right whether momentum to the upside or momentum to the downside you know if markets are kind of more lagging uh you know that can have some uh impact on some of the expectations that traders may have had in the previous six months okay as an example was also looking at some statistics uh for instance for this previous month uh equity trading volume as well as options trading volume has dropped uh considerably uh compared to previous months so you know some of that uh momentum driven by some short-term traders uh may may slow down a little bit now there's still money that is in flowing into the equities market uh companies are still knocking out of the park on earnings we're seeing they may be doing that as well uh in the next quarter uh so you know this could be another one off so to speak uh when it comes to uh some of that out performance okay a question was was back testing back testing as we go ahead and look at previous data and make some assumptions like if we sold in may uh or went to cash and went back into equities let's say an index fund uh in october and repeated that over a period of 15 20 however many years you know what are the returns based off of that scenario that's what's called back testing and there are tools on the thinkorswim platform that one can utilize for that so i wanted to share with you and this is obviously not a large sampling but if you are looking at an index or any type of instrument you can go ahead and bring up what's called a seasonality chart and to do that there's two ways you can right click on the chart and you can go under style for the chart select set uh under well it's actually not even under settings but on this style you'll see chart mode and then there's a link that says seasonality if i click on seasonality what this is showing us uh is on the top part this is the s p 500 and then this bottom line is a five-year average uh of the performance of the s p or should say uh what's happened the previous five years on average so here we are beginning of may i believe right here okay and if we go ahead and take a look at at least from a five-year perspective you know we can see that the bias is actually still to the upside at least for the last five years okay if i want to go ahead and break this down at least you know what happened over uh the previous five years individually we could go ahead i can right click here but go to the main setting which is under the gear on the chart i'm going to click on the gear and we're going to go to appearance and right now it's displaying a chart mode for seasonality if i want to go back to a standard chart i can change that right now it's displaying the average if i go ahead and change this to yearly plus average we can see a breakdown of the previous five years okay now this is a line chart uh it may look a little uh a little noisy here for a minute and if you're slightly colorblind like myself i may struggle with picking out the years but you got the different colors here on the bottom and up at the top are the years in question so this is going back to 2016. and again not a big sampling here uh but we can also see the positive impact of the federal reserve and the treasury uh in keeping the engine and the economy going uh [Music] but yeah so for instance here's 2016. now here in 2016 uh you know it actually was a little more sideways here uh before kind of towards the latter part of summer popping up uh but you know notice there was a bit of a lag here in that made october versus previous you know from post-election in this case uh also there's election cycles that are part of it and then knows the post-october you know kind of run-up uh looking at other years uh let's see we got 2017 you know you can see that there's still upward biases but not necessarily as strong as in that latter part of the year and if you know a few of these all of these are for at least for the last five years are relatively similar we can see some cases where there's more sideways ranges uh and with really the biggest outlier uh being 2020 because we had the big drop there and then not only a rapid recovery uh but that had continued uh going to where we are right now okay and uh appreciate cameron um you know sharing some tools there such as the analyze tab uh yeah this is not a back testing class so we won't be going into that a good reference for you if you do want to learn about other tools is what we call think scripting i'm going to go and change this back to a standard chart here go to seasonality change that back to a standard chart and we'll go and we'll click apply all right so hopefully at least that was a useful at least for the last few years one may need to go back uh and look at some longer term charts you know to see the impact during that may to summer months where we may see a little more lag maybe a little more sideways price action during that period and so you know some of the expectations for you know larger swings you know may be smaller when we go in that type environment all right and uh let me make this quick pause here if you do go on the education tab uh and go to education and bring up under webcasts that's where you can see some of our upcoming webcasts which is with james boyd using options as a stock investor coming up next and if you go to the calendar you'll see the schedule for everything over the course of the week and uh with cameron uh as getting started with technical analysis uh on mondays you can also see them later in the week uh with some options uh classes and my good friend ken rose uh does a discussion on think script uh which is kind of the program in language for think or swim and can be utilized for productivity tools such as the hold that we're we'll be sharing with you here as well as back testing different strategies as well when you go to the thinkorswim platform and you go ahead to the studies at beaker on the chart and we've added different indicators i have on the chart such as moving averages and macd and relative strength but there is a tab for strategies and this could be a good starting point for anyone who's interested in back testing to go ahead and explore there probably click on the question marks and spend some time in the learning center part of the thinkorswim platform under education all things think or swim are located in that learning center all right and a very underutilized part of this platform a lot of people ask questions about think or swim i challenge you go to education learning center go ahead and type a word in that search and uh go ahead and see what you find you know type in any indicator uh any type of uh you know learning about candles you know you can see drop downs will basically come up uh with that although it looks like uh some of this drop down is uh showing a little uh issue there at the moment so which that's murphy's law all right okay folks let's go ahead and move in and seeing that as the market's pulling back you know what is a swing trader you know looking for okay in the case of a bullish bounce you know we're looking for an example of a hold where price may be setting up to trade above the high of the low day i do have some productivity rules that i've shared in the past and will continue to share if you're new to this these are some customizable columns that focus on looking for stocks that may be demonstrating a decent trend utilizing moving averages and then the second column looking for prices that may be creating that hold a bullish bounce or a bearish bounce again based off the slide the hold is defined as a close above the high the low day where this could be an example for a a bullish entry if one's bullish or if one's bearish it would be a bearish exit folks from from the aspect of a bullish trade that would be a potential entry whereas a kablood where prices are trading up to a resistance or a swing high and maybe closing down would be an example potentially of a swing exit okay from the aspect of a swing at the hold entry swing up potential exit again example for a short term trade so if i come over here and look at the script this is just a basket of stocks uh i'm going to go ahead and actually bring up uh kind of from a a public list you know if one goes ahead and you can bring up any index you want uh or possibly looking at uh you know the penny increment uh list of stocks which are typically supposed to be more widely traded stocks uh that are optional uh their options may have relatively smaller spreads and some real-time updates from gary gary's mentioned that the russell uh at that 50-day moving average you know will it hold uh one point on that to keep in mind folks is when trends end up going a bit more sideways in this case the russell okay and the russell's has been doing that we're probably going on 50 days now i have an exponential 55-day moving average here uh which is a little more weighted to the recent action is you know keep in mind that when price action is going sideways uh moving averages can whipsaw prices can go back and forth i think the same thing happened with the nasdaq uh you know in other periods as well you know particularly during this period okay kind of whipping back and forth i need to identify those rectangles and triangles and look for that positive break or negative break either way just a public service announcement there okay all right now i'm looking at these list of stocks just kind of focusing on this second column notice there's a lot of red here there's a it probably implies just as we've seen that the market falling we're seeing the nasdaq drop in pretty dramatically here racing to its 55 day moving average okay there's a lot of these kabloads uh as an example uh let's say here's a oxy petroleum i'm going to link the charts another great way of getting through stocks rather quickly is linking these windows i'm going to go to ndx here and bring up red so the charts are linked and looking at oxy you know here's the high day here's the low of that high day and notice the price action is trading below that okay um this script i'm sharing not only looks for these the holds and complodes but we'll also look for these inside days or harami's which can be a brief pause in that trend okay uh looking at some other ones a real caribbean you can see kind of the same aspect high day in fact here's a even a lower high day low with a high day price is trading below the low of the high day okay so these are all examples of bearish reversals now there are some green ones in here as well let's see what some of these look at uh cleveland cliffs uh this is actually a practice position i have i think on a trend trade that we've had for some time [Music] is kind of getting up to some of its longer term uh resistance but notice as we look at these fractal points you even hear it's kind of a bit back and forth not necessarily a strong uptrend nor a nor a downtrend the other helpful thing with these fractal points and those swing highs and swing lows is one can connect the dots with your drawing tools and identify those areas of resistance as well as support okay some traders may call this as an inverse head and shoulders a bullish aspect is looking for a breakout and a breakout is another potential swing entry where if prices break we may enter into the trade and target a previous high or the distance between that support and resistance from a short term perspective or a trend trader may just look at that as an opportunity to enter into that trend notice that price action is still going sideways here at this point okay but does have a cold because here's the low day here's the high of the low day and price is trading above the high low day again you know would that be an entry uh if we had more of a stronger trend that would support that entry uh but when price action is sideways and at that resistance traders maybe we're going and looking for a breakout in in this example i think an example of a breakout uh let's see monitor tab if this actually had gotten uh filled here so yesterday uh on our breakout and reversal class we did an entry on exxon mobil and we actually did a breakout a buy stop as price if price broke above a resistance point that was the order that was placed and it did get filled this morning looks like we go and go to the chart xom and it recently had broken out above a rectangle kind of similar what we were looking at on the last example it blew back into the pattern and this was an example of a trade above the high the low day within about 20 cents now this unfortunately is demonstrated in the con aspect of an intraday entry uh to enter as soon as price trades above the high the low day that can be a technique that swing traders can do and can be beneficial to capture possibly these longer range days as the momentum builds unfortunately we see what's going on with the market today we got drawn into that trade and the price is fading a little bit at the moment so this may end up potentially being a failed trade uh one way of mitigating that is to focus on what the market is doing going into the close of the day and if the price closes above the high the low day the true definition that we shared with you on the hold that's more of a confirmation the pro of that is you're waiting for a little more confirmation uh the con is what if energy prices shot up crude broke out and we see a long range update well your close entry would be significantly higher so this is a little give and take folks as far as those types of entries okay so we had done a um and the question was uh you know from the practice trade yesterday on that stop limit um let me show you on what that entry was you know the entry on it that's the trade was filled at 59.09 it was actually filled at the trigger price okay so it wasn't actually filled at a higher price what will happen is once it touches that price it'll fill at the marketable price now if one wanted to adjust it pre-market if they saw the market was lower but the market was actually higher today so the trade actually did what it intended to do okay so likewise let's see if there's any other uh coholds here looks like some of these may be on some defensive areas of the market like general mills but notice folks we're looking at these some of these trends they're going more sideways so you know again we may be entering into this realm on expecting some of those larger swings to occur you know maybe a little more challenge in this environment when we see some of these ranges the idea is to look for a break one way or the other to trade that direction okay now that's where also uh some of this script comes in so you know over here on the left and some of you may be familiar with this these are the codes for the script that we're talking about uh the moving average crossover is basically looking for stocks uh that have different trends based off of these moving averages that i'm using i'm using a 5 a 13 and a 55 to represent multiple trends the second script focuses on the hold looking for the bounce so trend using that indicator as an example and the holds as kind of more potential as far as entries or at least a setup okay now to add these a great way to follow up is to go to my twitter at j mcnichol underscore tda you can learn a lot of cool stuff like how wood's expensive and i was not burning two by fours uh i i'm a man of some means but uh not stupid enough to burn two by fours as lumber is making new highs uh but uh you know some tree logs and pallet wood uh talking about different option strategies uh and doing some technical analysis as well also you can see i do some military stuff as well we had a big weekend last weekend and that was all weekend uh but you can see during the business week there a lot of technical analysis on some of the setups that we're discussing here as well but on the pin tweet it does have uh an explanation of every one of the scripts i'm sharing with you here today like the moving average crossover and there's the hold and the steps on how to add that go ahead and actually make a copy of this and paste it in the chat for those of you that find it get it easier to get to that and that those who are that are on the archive obviously can go right to that feed okay go ahead and bring this up and uh as far as looking at some other bounces there's a few symbols can't make reference to uh since it's not an etf class uh go ahead and bring up another list here go ahead and uh i'm gonna go ahead bring up the on the public list and let's bring up the dow that was one of the regular relatively stronger areas of the market and uh when you go ahead and look at descriptions uh you know these ones that are in green are implying that these trends are a little more on the bullish side so for instance axp or i believe that's american express that up on american express you can see a relatively stronger trend we are making those higher highs and higher lows we're in the midst of uh at least a one day pullback so what a trader may be looking for is as that price pulls back looking for that close above the high the low day in this case this second script may potentially turn green all right now if we go ahead and take a look at uh you know microsoft microsoft their averages are pulling back a bit and you can see an example in this case of a close below low the high day so we're still seeing a pullback there prices are making lower lows and lower highs here so only the stronger trends here are showing up in the bright green goldman sachs so allowing the financials although there were some downgrades i think there's a downgrade it was bank of america uh had a downgrade today uh like they're pulling back a little bit more beyond that previous high again what we're going to be looking for as far as which setups here is on this pullback is looking for prices to be trading above the high of that low day and yes looking at the chat you know are there better examples of exxon mobil exxon mobil is one of the leaders there but there are other stocks out there i think we've looked at other stocks in the past like vlo valero you know oxy a few of these do have some potentially stronger trends as they're reversing but kind of the same principle they've reversed looking for a pullback looking for price to trade above the high of the low day and then you know looking at the dow jones for instance you know i'm not showing any single stock on the dow that's showing any sign of a bullish bounce these are all examples very much of these reversals looking at these some of these individual stocks uh for instance here's visa this is a good example of more of a classic flag and we may have to go ahead and maybe wrap up maybe doing this one uh as an example let me look at jp morgan morgan a little more sideways i was interested on the credit card front you know american express visa probably also mastercard look at m a not mac although that does look like an interesting pattern there that may be an oops trade these guys do that's a real estate investment trust kind of pulling back and form in a bit of a flag still making those higher highs and higher lows traders may be looking for price to trade above the high the low day and go back to visa then notice the trend here still have the fractals on there seeing the higher highs and higher lows stronger trend we're seeing a pullback over a couple of days here's that previous high notice that previous high is staying above that previous high which shows an example of a stronger trend and a potential swing entry if i want to do an example even though this is the low day uh for a a buy stop uh one is looking at that previous day to be trading above now since price has pulled back a bit uh we'll be looking for is looking for the high of this day be set at the end of the day and then look for a potential entry as the price trades or closes above the high of the low day it may be a little bit early for that potential entry but one that we'll keep an eye on bring up axp one more time axp not pulling back as much but a good example of a stronger trend there as we're still looking at the dow got home depot now home depot there goes the two by fours that people are buying so we got home depots actually breaking out and making a new high in this market which is uh pretty pretty spectacular there another one on the energy front chevron again more consolidation very similar to what we're seeing with uh exxonmobil and look and see if we're able to get a break to the upside no no holds here that are setting up but wanted to show you on uh how you can go ahead and scan through stocks that are doing this so actually we got look at 3m here looks like 3m uh is trading a little bit higher in this pullback here we got a little bit of what we would call a a little bit of a pennant looking to see if prices are able to break above that range a little bit of a pennant right there um you know if we wanted to look for an example of an entry uh again i'm gonna focus focus more on looking for entries going into the close versus some of these intraday entries as we're seeing things kind of whipping back and forth i wanted to show you on some of these productivity tools on how you can find some of these setups here uh now kind of i'll do a once run through on adding one of these and you can go back to that twitter handle bring that up you just simply take that code it is case sensitive you go to setup open shared item go ahead and plug in that url again make sure you have a case sensitivity click preview and then i have a bit of an error here since i have multiple scripts there so if you have the same thing you'd have to replace one otherwise you just go ahead and type in the name on which you wish to call it click preview actually not preview that's actually for the old script but once you go ahead and replace one you can select import you'll have a pop-up to ask you if you wish to overwrite or save it you can click ok and whatever you named it cancel out of here you should be able to right click on any column header and select customize and the one i had named for the hold i just called it cah forward slash cbl so if you save it properly it should be listed here and you can go ahead and double click and add that to your list right you can repeat the same thing with the moving averages and moving averages uh will show you different trends and the x's would represent actually crossovers whether positive or negative if they've happened within the last day or two it shows uh plus one or plus two for instance on western boot alliance uh pulling back to its 55 day moving average uh we did have a hold on this one i think we highlighted this one last week in our advanced options class got a bounce right there right we are at a time quick highlight on and i shouldn't notice that my apologies uh going back to some of the positions you know we had tossed in a couple of spreads last week uh since i was doing the advanced concepts workshop um had one already in there i think on autodesk and tossed one in there on lululemon and workday none of these are doing so hot uh this week but bring up autodesk ads k and we can see how a lot of these stocks are broke breaking down below support this could be uh one way of potentially exiting a spread if the direction of the trade no longer applies for instance support being taken out may be able to close that out and preserve some capital lululemon on the discretionary side this one's still relatively intact as we're still making those higher highs and higher lows that's in that support and then workday which could also be another example for a bullish bounce reason why we've done some spreads of some of these stocks are more expensive so spreads could be a way of doing that for a smaller account and then looking at workday workday has broken below the trend has taken out a low i'm going to close this one out and preserve some capital on that one all right okay folks so let's go ahead and take a look at what we accomplished here today uh we focus looking at that market open and notice on how things are a bit different in few of those indices there we've talked about the impact to sell on may on short-term uh for short-term traders and we may be starting to experience that now and also looking at the kaholt as a way of identifying those potential bounces these would be something to keep an eye on this week on uptrending stocks and the kablood uh being more of those bearish reversals went ahead and reviewed some trade setups that didn't initiate any new trades we can see how things settle in and uh we'll follow up with you next week i would encourage you to practice some of the techniques that we've shared with you whether some of the uh script as well as with some of those trade setups and looking forward to spend some time with you next week so appreciate you everyone enjoy your day and we'll talk to you [Music] [Music] soon [Music] [Music] you

2021-05-10 02:37

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