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Popular thought among traders is that emotional people aren’t suited to trade in the stock market. But is that really true? When I took the Myers-Briggs test to see what I would come out as, my reading was an INFP. I – Introversion N – Intuitive F – Feelings P [...]
Go back to that post of mine where I said that Apple (AAPL) had the potential, post earnings, to reach the $92’s. Now fast forward to today and AAPL has reached the $92 level and now bouncing. So where does it bounce to? […]
Let’s take a look at the weekly chart of oil and what it means moving forward. And lets just say shorting it at this point is a high risk trade simply because it has broken through one resistance level and is challenging another right now that, once broken leaves plenty [...]
Here’s my prediction for the Apple earnings scheduled to come out around 4:30pm eastern. Tell me what you think. […]
Alright folks – I have been following $USO and the price of crude very closely of late. I’m of the belief that crude is ready to drop – another 5-6% this week, and in the process, allow for those who took the short set up at recent highs, a great [...]
There are two major trends in the Apple (AAPL) chart and none of them help their cause at all. Overhead you have a declining level of resistance that continues to reject price hard,and underneath price you have an area that price continues to be drawn to following the aforementioned rejection [...]
Well… that was one crazy month…one crazy quarter! In fact it was the first time a quarter sold off more than 10% and finished in the green overall. To say the least, it was a historic quarter, and highly unlikely we’ll see anything remotely close to it for the rest [...]
Any time you are trading on a roll, it is easy to start watching the dollars in the account. For example, today, I bought into Amazon (AMZN) at $581, it is now at $594. I bought Netflix (NFLX) yesterday at $100.24 and now it is at $104. Not to mention [...]
This is really a “choose your poison” type of moment for the markets. Here is what it boils down to: […]
The big banks appear to be setting up for a bigger move here. I am already long in JP Morgan (JPM), but all four of these charts are posting solid reward/risk ratios with the potential to break higher any day now. Take a look at each chart, you’ll see that [...]
Check out the chart below to see what I am watching on the USO play. Some good developments unfolding for the bulls, but still remains on shaky ground until it can prove itself. Here’s the technical analysis on USO: […]
Far too many traders become engrossed by how much “money” they make on a single trade. In my opinion, almost every trading flaw can be rooted in this issue of watching the dollars. Have you ever wondered why you trade better in a paper account? It is because there is [...]
