In today’s post, we’re going to talk about a quick little clip, sample clip from our member section for the video swing charts.
If you’re brand new and you don’t know what we do here, it’s all about learning to trade stocks, options, and being better on the stock market.
You can check out some of those member’s offerings that we have in the membership section here.
Also, if you want to ramp things up to check these sections:
If you’re interested in LIVE classes when it comes to Options Trading, take a look and register here.
That will help you improve your trading education.
Now, let’s get started.
I’ll share with you a quick insight directly from the member’s section. In the member’s area, you get the full insight and full access to the whole video.
Disclaimer: Keep in mind none of these are recommendations to buy, sell, or trade stocks. It’s just my own opinion.
To give you some insight on what’s going on right now, we are down on the futures about 9, 10 points. It’s been coming up a little bit. But I’m doing this earlier because I have a couple of things I need to take care of.
Checking out Charts
When you look at the SP-500, we continue to ramp up to higher prices. That always scares me a little bit. I always increase the cash position. And I reduce the overall exposure subtle.
It doesn’t mean you can’t be long exposed because the market naturally inflates. Cars continue to increase in price. You look at a pack of hamburgers, houses; they all continue to inflate.
That’s inflation. The same thing with companies. They naturally continue to inflate, and the Fed keeps injecting billions and trillions of dollars into the market.
It’s a hot potato game. You hold it, you hold it. And then the next Fed guy comes. Oh, you hold it, you hold it. And then by the time the last Fed guy comes out, well the potato exploded.
That’s what’s going to happen here. It’s the same thing. It just takes time, but in the meantime, let’s check out some stocks here.
Let’s start with Activision. When I look at this stock, you can see we had a huge sell-off. Here is our initial channel that was moving.
There’s that channel action. There’s a breakdown right here. This was our breakdown of the stock. And then we’ve had some stair-step patterns right there that we’re being created.
Overall, the stock appears to be coming back. Here’s a little rounding bottom. I’d say I’m more neutral on the stock. And if you want to swing trade, you could say I’m going to be a little bullish.
Keep in mind, watch these stair-step patterns. And that’s how you trade this stock. That’s what you’re looking to do with this stock.
With the stair-step pattern, see if it’ll continue. I would be a little more cautious here as you get into some higher prices like around the 70 or even a little bit higher around the 85.
That’s going to be a bit of your resistance area over here. The other ones right now are more of the support areas.
This was our key support level we were talking about in the past. If you’re watching this one, that’s what you’re looking at.
Here are our main resistance levels. If you’re looking at resistance, that’s what you’re watching. There’s another little breakout area.
It looks good, volume, the bullish volume is picking up a bit. That looks good. If you look at this bigger picture, it’s a sideways consolidation pattern.
And that sideways consolidation pattern is what’s been going on and happening. And now we’re continuing to bounce. We are bouncing at this lower end or lower level. This looks good for the stock, especially if you’re playing it more on the bounces and that kind of thing.
I would say I’d be a little more bullish on this one as long as you can stay above that $40 level. That would be the key. But this is your line in the sand as they would call it.
That’s the line you draw, and if they get to below that, then step aside. Other than that looks good.
This last week continues to ramp up. We talked about the other week. If it gets above it with good volume, then it could be an excellent point. You might have nibbled here a little bit because the bullish volume looks okay.
But it’s not anything great. If you got in it with light shares, maybe that is working out well. But be cautious again until the volume picks up. Other than that, it’s looking good.
The stock looks good for higher prices as it broke above the resistance. Now the good news would be if the volume picks up. That would be great. If it does come back to the 210 and bounce, that’s also pretty good and possible.
That’s what I would watch here in the stock. Other than that, I’d say I’m bullish on it. But just with some caution on the break and with the weakened volume. It’s a little bit lighter, not crazy light but a little bit lighter.
I hope this video gave you some insights into what we do behind the scenes in the member’s section.
Full Acess you can find here – Members area.