People keep asking me why I prefer to day trade the QQQs in the morning. Fair question, because it's a great instrument. It moves, it's liquid, the options are cheap. And you just need a tiny move in the index to get a triple-digit return on your options. It’s how I’ve nailed 44 out of my last 50 trades in it. So why wouldn't I hold it for a few days and let it run if my entries are so on point? Because I've been staring at this chart all week and there's one feature on it that decides whether the next move is up or down, and right now that feature is telling me to sit on my hands for anything longer than a session. It has nothing to do with the trend or a moving average or volume. It's the shape of the pause. Below I'll show you

The awesome thing about trading is that you are your own boss. Which means you clock in and out whenever you feel like. And if you know me, I like to keep my Friday’s short. So instead of feeding you a chart or setup today… (Honestly, the market's been boring this week anyway…) I'm gonna give you different advice: GO OUT AND HAVE SOME FUN THIS WEEKEND. Heck, I’ve already started… (I’m already checked out) Living proof that you don't need to grind 24/7 to win at this game. Speaking of which… If you're looking for a solid Friday drink… Let me introduce you to the greyhound. Vodka. Grapefruit juice. Ice. Simple. Refreshing. And it tastes like freedom. Here's the thing… The best traders know when to STOP. So go outside if you can. Touch grass. Smell the flowers.   (I just picked those up today).   And if you

Most people see resistance on a chart and back away. I get it. Price runs into a level, gets rejected, runs into it again, gets rejected again. Why would you want to be there? Here's when I want to be there. I was looking at Spectrum Brands (SPB) yesterday and it's sitting right at its point of control, which is just the price where more volume has traded than anywhere else on the chart. It's where the most shares changed hands, so it's where the most people have a position and an opinion. Price hitting that level is normally where things stall out. But when something is pressing into the point of control and there's real participation behind it, you're looking at a spring getting compressed instead of a wall. It's like a jack-in-the-box, and the longer it coils under there the harder it pops when it finally goes, because