If you are a bull today, then today frankly sucks. The trading sucks too. I came into today, wanting to add some more long exposure, and even do so aggressively. I ended up only adding one new position to the portfolio, and even that one I regret. Not because I didn't follow my trading plan,
All systems are a “GO” for swing-trading this week. That is, as long as 2801 holds on SPX, because that is a key level of support that, if breached and closed below, will send the market back into a non-committed area on the charts, where price tends to languish, or as the dating world
What is Swing-Trading and why is it better than day-trading and long-term investing? I go through all of this in my latest video, to help you better understand the mechanics of swing-trading and how you can do it successfully. What is Swing-Trading and why is it better than day-trading and long-term investing? I go through all
For so many people success in the stock market can seem like a frustrating pursuit. Often times our experiences from childhood can shape our views of success and failure and have a massive impact on how successful we are in the stock market. In my latest podcast, I discuss my own fears from childhood and
It was a blood bath for the oil stocks. And I’m feeling really good about having closed out my Andarko Petroleum (APC) swing trade at $75.02 yesterday for a 2.5% profit. The alternative would have been brutal, no doubt.
I think the bulls are probably starting to stretch themselves a little too much here. A lot of resistance on the charts, and the bears are close to confirming an inverse head and shoulders pattern, which means that neckline will offer quite a bit of resistance going forward.
This has to seriously be the oldest story of all time. Markets go down a little bit, bulls panic, think the worst is upon them, bears fail to seize the opportunity, MARKETS RALLY!
The market gave the bulls a good scare this morning. I was stopped out of one of my positions in the Splash Zone, none of which I was pleased about. However, once it became obvious to me this market had every intention of bouncing higher, I re-entered the trade (with a stop-loss of course)
Three days in a row now, the bears have tried to push the market lower. And three days in a row, the Dip Buyers stepped in and refused to allow them that simple, overdue courtesy.
The market is looking at another day of insignificance. The summer malaise is kicking in, and the market is kicking back and taking a siesta.