JoeRodTrades

02:00

JoeRodTrades

CHRW is lagging sector weakness, UPS and FDX have already squeeze fired short. CHRW is logistics company just the same as the other two. We lost the 200 MA and have short term EMAs lined up perfecting. Short Squeeze on 3 different timeframes and an island top. I am hoping for not only a 3 ATR squeeze but a gap fill. Will Christmas come early?

02:52

JoeRodTrades

There is a lot of indication that risk could be back on in greater markets. Tech is still very weak but, I think there is a possibility that money is rotating out of tech and into other sectors. I talked about healthcare, some utilities and minerals in other videos.

01:09

JoeRodTrades

PEG is looking like a classical pattern that we see when price loses support. Lots of downward momentum. PEG lost the 200 SMA already and has rejected multiple times. It has a squeeze setting up on the daily and the sector itself, Utilities, is showing weakness as I discussed in yesterday's video.

02:01

JoeRodTrades

Pressing on support with two major bars opening on their high and closing on there low. XLU is showing weakness after a double top bull leg in a larger bear trend. You might have to reread that a couple of time. There is also towards of pent up energy and momentum to the downside and an Anti formed on the MACD. Not a classic anti but, I think it is a great spot to...

JoeRodTrades

I usually put out a single trade every day prior to markets opening. I do it because it is a fun way for me to share my trading knowledge with others for free. It is also a great way of journaling my thoughts. But I should have been better for all of my followers. The truth is markets have been kicking my ass since late December. In a normal bull market, my...

01:12

JoeRodTrades

I don't know why but the color of copper is soothing to me. Anyway, today we are looking at Copper which is RED hot for my reasons including seasonality which is coming to an end. Here are some notes on Copper. Daily Chart: + Top Keltner touch, complex pullback + Cycle Low + MACD momentum fast angling up (near 0) and slow > 0 (but flat) + Rainbow in...

JoeRodTrades

Sorry no video today but, I am looking at Costco For an earnings play in options. I'll be targeting the 20 delta calls end the week of their earnings and I will be exciting the day of earnings (they accounted after market close). The idea here is that theta decay will be out weighed by implied volatility. The chart itself is showing strength but, the daily has a...

19:00

JoeRodTrades

I covered the overall action in the AMEX:SPY and other interesting sectors. I also talked about how I entered trades. What trades I have already entered in and my thoughts on where we are in the market cycle from a technical standpoint.

01:42

JoeRodTrades

With the rest of the market up and down there are a few places we can look that are providing strength. Utilities, particularly water and mining (especially silver). PSLV doesn't actually mine but they do hold and store physical silver. We have our normal touch of the Keltner channel with return to the 20 ema. A failed momentum push to the downside followed by a...

01:30

JoeRodTrades

CHKP is looking like a strong buy in this really tough market environment. It has held up well through poor overall market conditions. We have some downward momentum on the daily the price has completely ignored and reversed with someone bullish momentum. Weekly momentum is strong and weekly price action is still looking for a second a leg.

02:05

JoeRodTrades

I decided to give a very quick run down of the stocks I am looking to trade or am already trading. Combining one good trade with the morning pullback report. I am heading to Puerto Vallarta tonight on a road trip so this was a quick and easy way for me to save time.

01:10

JoeRodTrades

DE is setting up for a really nice pullback. It consolidated around a strong momentum bar and then broke out with its own momentum to the upside. The weekly and daily are both set up nicely in their own respective pullbacks.

12:40

JoeRodTrades

This is the first one but throughout this video, I explain what I am seeing in certain stocks. I am a big fan of pullbacks and that how I trade. I think here you can get a feel for my thought process as I page through a bunch of stocks.

01:38

JoeRodTrades

Baker Hughes is looking strong. The bearish momentum is getting eaten up by bulls and we love to see this activity. The Weekly is in a pullback and all momentum indicators are telling us that this is a great entry.

JoeRodTrades

The momentum to the downside is apparent here. This trade is setting up for a potential big move to the downside. The bullish trend that PFE had the last few weeks seems to just be a giant bear leg. The chart above shows all the details. Momentum is in our favor here.

JoeRodTrades

That's right, a bad play on puns... I'm not even a dad yet lol. Momentum is favoring RACE big time. It is setting up for a really strong pullback. Touch of the Keltner channel Gap up from earnings (earnings drift in our favor) Anti setting up on the MACD Momentum on MACD daily and weekly in our favor Bears are trying hard if Friday's bar is...

00:38

JoeRodTrades

NYSE:DECK is looking extremely weak along with the rest of the consumer goods industry. There was a gap down after earnings and small pause in price action. I fully expect a continuation to the downside.

09:01

JoeRodTrades

This is an extensive list but I went through over 500 charts yesterday. What I noticed was cloud solutions are strong while other tech is weak. Financials have been on fire both in the US and foreign banks. Consumer durable and non durable are very weak as is logistics, and manufacturing. Notice the similar patterns between all of the charts.