L Brands Potential Bracket Trade

L Brands Potential Bracket Trade

Let’s take a look at the market. So, in yesterday’s video we were talking about Tesla (TSLA), and it’s working. Now we’re going to look at L brands (LB) which gapped up today and could potentially give us a bracket trade. Since tomorrow is...
Tesla Break Out With Targets

Tesla Break Out With Targets

I had a viewer ask me what I thought about Tesla. As of yesterday I would have said it looked sideways, like it wasn’t doing anything, but today it broke out. As the rest of the market went down, it went north. Looking at the ADX, Tesla is still non-trending...
WBA: The Crazy Ex Trade

WBA: The Crazy Ex Trade

Today we’re going to have a look at WBA. I had a viewer ask me what I thought about it, and it’s kind of scary, kind of freaks me out. It has an erratic behavior to its volatility. I don’t mind volatility as long as I know I have a slight perceived...
New Targets For MGM

New Targets For MGM

In the last video we were talking about MGM being a slingshot trade. Slingshot trades are very easy to figure out, but there isn’t a real easy way to scan for them yet. What you want is something above the cloud that goes below the yellow line, touches the...
New Targets For MGM

MGM Looks Like a Potential Slingshot

Let’s take a look at MGM. It is a potential slingshot trade. For a slingshot trade you want it to be above the cloud, which MGM is. Then you want it to pull back to the turning line, touch the standard line, and then close back above the turning line. So,...
Jump On This MRNA Bracket Trade

Jump On This MRNA Bracket Trade

Let’s take a look at MRNA. It had a gap up four days ago, so you’ve got a couple of things going for you in the upside potential of this trade. Number one, you have a bracket trade that is officially a bracket trade. Regardless of your rules, it closed...