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After the Open part 1 Review of SPY,
perception of long, intermediate, short-term and day trading of
price action, PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V, CCL, SPY, different
support levels, decision making process, decide which level important to you,
NDLS, like a recipe, volume above average some buying, support bounces or
breaks, correction size, follow your rules. Posted 11:37 am ET
© 2017
After the open part 2 Review of /ES, SPX, short /ES neutralize,
protection, offset, FL, DE, intraday inverse head & shoulders, gap breakout, NKE, UAA, ROST, EL, GPS, AMAT, NEM, MU,
AAP, AVGO, FB, AAPL, NFLX, SPY, VIX Posted 11:56 Am ET
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11 comments:
Hi Dave
Your explanation in last night's "After The Close" video on strategies to use for becoming defensive cleared up some confusion we had. Going forward, using the strategies you talked about (for example, when your stock breaks a certain support level short the futures) should be very helpful.
Thanks for all you do to help traders become better at trading.
Bruce & Susan
Bruce and Susan... I agree. I was hoping we would dive into getting defensive a little more. It helped me a lot! Probably I will be rewatching a few times...
Another great video...breathing a lot easier today after seeing that. I really like your comments on intra-day trading which I do quite a bit of and also watch for longer term trades.
Dave ... Thank you SOOOO Much for the ton of market insights!!! It is great to have you decode the market in such a crystal clear picture ...
Today's price action was fascinating! ... SPY volume was greater than yesterday by 8M Shares and peaked to 127% of the 30-day average. Being a doji/inverted hammer day at support, this is a clear message that strong hands were buying without a need to lower the bid ... actually a good portion of the day they bought at the ask, what shows a clear commitment to hold the current support level. While nothing is a 100% in the markets, the evidence suggests that the current IT uptrend is more likely to resume than not ... and to make things more exciting there is a potential MACD Divergence building up!!!!
Thanks again Dave...Enjoy the weekend!!!
Great videos! I liked your comment about having a plan in advance for up, down or sideways price action. Rather than just watching the market go down, having a plan in place for what to do before it happens is so much more helpful. I analyzed my short-term spreads and decided what levels to take action and calculated price estimates using theo. Thanks for all you do!
thank you Dave for posting the videos. emotion is strong the past couple of days mainly due to domestic and international terror and a leader looking out for himself rather than making sacrifices for the country. I don't know if you factor in the political climate, but when a group of CEO's say "we outa here" run for cover, there may be additional ripple effects.
Bruce & Susan...you're welcome...DJ
Joe...thank you...DJ
Adrian...you're welcome and I agree that market dynamics are fascinating...DJ
Rose...you're welcome and thank you...a plan in advance is absolutely essential if a trader wants to be consistent and able to act in the heat of the market...DJ
Barry...you're welcome and thank you for watching the videos...if I might make an observation, emotion is a subjective interpretation which each of us creates in our own mind, and not a result of variables in the world. I know a lot of traders that do not create those emotions as a result of the factors you mention. One of the three core tenets of technical analysis is that market action discounts or factors in everything. The big money knows what you know about the political climate and everything else...if they bounce the market it wasn't a factor to them. If the market breaks support we trade down with them regardless of why they are selling. We don't have to guess if there will be ripple effect or not, we just trade what we see. It is all about the price action and nothing to do with our subjective thoughts or feelings. I hope that makes sense...DJ
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