- Ace in the Hole
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- Ace in the Hole - Edition #82
Happy Monday Traders!
I hope you all had an amazing 4th of July weekend. We have an interesting week ahead of us, so let’s dive in and get ready!
It is a light week of data and earnings and tariffs got pushed back to August 1st, so that won’t be a catalyst on the 9th anymore.
Market Thoughts
At these levels, there isn’t much analysis to do. We have no price action to the left of us at all time highs, which means there is nothing to go off of.
When the market is trading like this, I do one simple thing. Focus on the overnight levels. I’m basically done trading everyday after overnight highs/lows get taken.
Why? Because price action usually becomes extremely inefficient after this time and being at all time highs it can be hard to find targets when in price discovery mode. This helps me a ton with that.
The good thing about all time highs is that our long-term accounts are doing very well. This is the time we do less during the intraday because it generally isn’t worth the headache. Wait for volatility to really come back and be picky with your setups.
Economic Calendar
Earnings Calendar
Trending Sectors
Communication Services, Information Technology, and Consumer Discretionary were at the top of the list for trending sectors this past week.
Top trending tickers last week:
Have A Great Week!
As always, enjoy the week and trade safe everybody.
Let’s make some $$!
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