Another day, another “industrial accident” that media talking heads won’t talk about… or at least pay lip service to before moving onto the next distraction. This time our industrial accident happened yesterday at a Nitrite plant in India: Some news sites reported that witnesses to the events are claiming 5 separate explosions happened… And then […]
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 […]
