One way to find a high-probability trade is to view multiple assets at the same time. I want to show you by using a trade that PVA members are still in – a long in SOXL. SOXL is the 3x leveraged long ETF for the semiconductor industry. Many don’t like leveraged ETFs, but I love […]
Early last week, plenty of pundits were calling for the next leg lower in the stock market. And while that’s always a possibility, we had the odds lined up for a bounce– I’ll show you the mechanics of it, because I don’t think that the “macro” reason is completely understood. First, let’s take a look […]
Stocks finished last week off by successfully testing and reversing off the key levels we’ve focused on this month. Now, they’re headed into massive zones with a ton of overhead inventory. The question becomes: Will that inventory completely overwhelm the market as investors try to get back at breakeven… Or have we seen enough deleveraging […]
In a normal market, our Trading Roadmap looks something like this: That highlighted portion is a key high volume node (HVN), and the volume is “stacked” in a way that resembles a bell curve. Now, when one (or both) sides of the volume distribution drops off massively, we have what’s called a “volume shelf.” These […]
Last week was a fun time week in the markets. We saw increased volatility in the indices, while risk assets started to see some sneaky divergences. While The S&P and Nasdaq were making new lows on Friday, we saw a lack of selling aggression in areas like tech growth (ARKK), biotech (XBI), and cannabis stocks […]
When the market’s volatile, leveraged ETFs can let you control a significant part of the market without a ton of capital. Here’s the problem many traders face when they do this: They treat them as investment vehicles instead of a fast way to trade. Leveraged ETFs will use the daily returns of the underlying market, […]
SPY Before last week, the market was in a high-volatility chop-fest and held both sides of the range very well. Once we took out 405, we saw a fast move to the 397 level I focused on for a while. I thought it would be a decent level for buyers to come in, but when […]
While the markets are well off their highs, it’s been a bloodbath under the surface. I’ll give you an example from yesterday — UPST after earnings: Six months ago, this stock was trading above $380 per share. It had earnings yesterday… And now it’s down to $33.74. It’s simple: the market has been working off […]
