Megaphone trading pattern being tested by the dip buyers Of course, you get the feint scent of a sell-off or down day of any kind in the stock market, the bulls will buy the dip as fast as they possibly can, which makes trading patterns like the megaphone, difficult to realize its full potential. That
Short-term bearish megaphone pattern showing itself. Much of it comes from the fact that Friday’s crazy doji pattern has created this megaphone pattern, but nothing happened today to change the look of it either.
No longer smart money, it is the fast money that is dip buying. It is impossible to get a sell-off to last more than just one day. Though today might be a bit different as far as that is concerned.
Inflection point: Let tech bust here or buy the dip once again. That is the choice the market has because what we saw on Friday with everything tech related being sold in a frenzy, made it seem like that suddenly, no one wanted to be in anything Nasdaq or tech related. Heck, did you
I don’t typically post my weekly email as a post, but I thought it was a pretty informative one highlighting the success in the Trading Block as well as the conclusion of my recent three-part podcast series.
What a solid bounce yesterday for stocks off of short-term support When you have a 15 point pullback in today’s market over a 3-day period, it becomes a ‘Generational Bottom’ or better yet, a ‘Generational Buying Opportunity’ for the bulls. Yesterday the market had a solid rally, a bit unexpected, as I didn’t think much
Some bullish stock ideas to consider The bulls didn’t fold up shop this weekend amid some end of day headline risk this past Friday. Looking back, I would liked to still have UPRO in the portfolio, but the risk of holding it over the weekend with whatever might be ready to be thrown on
Trade opportunities to keep an eye on The first two trading days in April have been pathetic in terms of trading opportunities to cease. Essentially if you haven’t traded Amazon (AMZN) or Tesla (TSLA), you found yourself on the outside looking in. So here’s to hoping that the coming days, whether it be
Nicholas Darvas Box Trades to watch for: Darvas Box trading was started by Nicolas Darvas a long time ago and even wrote a book titled, “How I made 2,000,000 in the Stock Market” and it is one of my favorite trading books of all time. It is actually a very quick read, and you can
In February, my swing trading stock returns were solid across the board The S&P 500, Dow Jones Industrial Average, Nasdaq and Russell Index finished higher than where they they all started the month at and compounded on the gains from January in terms of overall stock market returns.