$Direxion Daily S&P Biotech Bear 3x Shares(LABD)$ (Inverse 3x of $XBI), Some thoughts for the rest of the week until Core CPI next thursday.+14R in T+2 day. Some groups are still trending lower despite indexes appearing to have set their 'low' on Monday. 3 consecutive pre-market employment reports kick off today, wrapping up the week. Not ideal to take on new risk when market action remains loosely anchored to gap down for most pre-market econ reaction as seen in the last 9 weeks. Core inflation data is coming next Thursday, but in this tariff-driven inflationary environment, groups that could setups on Monday or Tuesday (that could offer a strong cushion) can potentially be high rewarding trade outcome if data surprise the pain trade (i am po
some of the daily pre/post market process has to include knowing what's the strongest (and weakest for inverse opportunities) to know where the area of strongest and most prolonged strength/weakness are on the market.this is a top down process for me. win rate can only be increase if u do it top down, not bottom up. it's part of the lesson i built and refined over the years.i highly urge everyone to build a free copy for themselves. you don't need any subscription. I laid down the step by step process in the link below. also do read the variation built by others which i also find a lot of value in$Utilities Select Sector SPDR Fund(XLU)$$Energy Select Sector SPDR Fund(XLE)$
If you're a swing trader, it really shouldn't be a day you stay in cash—you need to know when to hunt. I was up until 3:30 AM local time (GMT+8) , the first time in months. Go through all the 10 setups here, it's the same thing repeating. RS takes precedence to have a place in your watchlist, then you track for setup to upgrade them into focus list. Train yourself to look at long side setup also via inverse related products, to keep maintaining the same process repetitively with opportunity to participate in both market direction, and to save borrowing cost from direct short sell execution. This way, you’ll be training to master the same kick 1,000 times, rather than constantly switching strategies or joining different mentoring programs that offer no edge in the market. You must push your
i) experience from referring to my mistakes from my trade journal periodically.ii) There's no upside setup that's compelling iii) I have quite a sizable position in gold futures built since January. so I'm not 100% cash at any point of time this year to feel the need to do something.iv) I have been keeping myself occupied on physical commercial real estate deals. actually bought 2 more units this month, so all the viewing, prospecting with agents, liaison with bankers, and conveyancing lawyers take up quite a bit of my attention. I will probably share more in next few weeks, hope to motivate and inspire some of you what trading can really mean to your life financially.
SE - Correlates more closely with STI Index than with XRT
$Sea Ltd(SE)$ - Correlates more closely with $Straits Times Index(STI.SI)$ Index than with $SPDR S&P Retail ETF(XRT)$ After 18 long years, the Singapore Straits Times Index has finally hit an all-time high. For those unfamiliar, SE is a Singapore-based company listed on the NYSE, with its recent price trajectory largely driven by Shopee’s strong profitability since Q3 2024—its e-commerce segment, which remains the company’s biggest revenue driver today. SE was also one of Qullamaggie most actively traded stocks in Covid-19 rally 2020 and 2021 if you followed his past streams.PS: Founder and CEO Forrest Li has confirmed his bid to become Singapore's football pr
SPY, QQQ, IWM & MGK - Beginning to see widespread belief in an oversold bounce
Beginning to see widespread belief in an oversold bounce and chatter about a follow-through day, but here’s my contrarian view on the market right now. $SPDR S&P 500 ETF Trust(SPY)$ - Bear Flag, Declining 10-MA 3rd Rejection, 200-MA 2nd RejectionImage $Invesco QQQ(QQQ)$ - Bear Flag, Declining 10-MA 3rd RejectionImage $iShares Russell 2000 ETF(IWM)$ - Bear Flag, Flattening 10-MA reclaimed into 4th session, Declining 20-MA 2nd rejectionImage $Vanguard Mega Cap Growth ETF(MGK)$ - Bear Pennant, Declining 10-MA 3rd RejectionImageThe price structure over the past 7 weeks actually provides clear, factual price evidence this ma