Video blog: Setups in US Stocks

Video blog looking at setups in the S&P 500 (SPY), Russell 2000 (IWM), Apple (NASDAQ: AAPL), Alcoa (NYSE: AA), Delta Airlines (NYSE: DAL), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), Coca-Cola Co (NYSE: KO), BlackBerry Ltd (NASDAQ: BBRY), and Twitter (NYSE: TWTR). A few additional points: these are ideas and tendencies based on current market structure. There are a number of key economic releases scheduled tomorrow (US GDP and the FOMC Announcement) that could be significant catalysts for this complacent summer market. Know your risk and manage your risk.

(Note: In editing the video for brevity, I removed comments about GDP, FOMC, and TWTR from the clip and moved them to the comments above. The point about TWTR earnings probably should have been left in the clip: after a positive result and a large gap up, the bigger picture chart context is not automatically invalid. Price action on the first day following earnings is critical–watch the direction off the regular session open print.)


Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.

This Post Has 4 Comments

  1. Steven

    Great Blog post. Thanks

  2. Stuart

    What is the indicator at the bottom right? Is is supposed to decipher Elliot Waves or just swings in general? Thank you.

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