Remember my post from a little over a week ago, about how to trade Google (GOOGL) successfully in the coming days? Well check it out right here.Â
For the first time since January, the S&P 500 and the rest of the indices are marching lock step witih stocks as a whole. Over 70% of stocks are trading above their 40-day moving average and that confirms that stocks are supporting this market move higher.
I assume the worst from my trades, that they will always be unprofitable For most of you that is probably the most asinine statement you’ve ever heard a trader make when it comes to managing trading losses. But it is true! I don’t look at my next trade as one that I will make a
3 Bullish Hammer Candlestick Trade Setups I came across some bullish candle stick trading patterns in three big companies – all tech. It is not a guarantee that they hold, but if they do, they offer an incredible reward-to-risk trade profile that is worth taking advantage of. If you haven’t done so yet, you need
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
My Trading Past Performance in Review You might not have realized it, but March actually snapped a four month winning streak when the S&P 500 decided to close a whooping 0.92 points lower. In percentage terms that was -0.04% lower for the month. Needless to say there was a lot of chop in the market
Trading the 3:30 Ramp Okay so the headline might be a bit of an exaggeration but the past two trading days, when 3:30pm eastern typically triggers an end of day run, the exact opposite has happened where stocks start to slide out of absolutely nowhere. Perhaps it is just a temporary thing, but one can’t
How many shares to buy: It doesn’t matter I know we all want to have thousands upon thousands of shares of a particular stock in our portfolio. It makes us feel big time, like we have a major stake invested in the company. Bug deciding how many shares to buy in our swing trading will
Technical Analysis: Third straight day of higher gains for S&P 500 (SPX) after successfully holding support at the 2190 level. An intraday test of the 10-day moving average resulted in an immediate surge in price that lasted throughout the rest of the day for SPX. Russell 2000 (IWM) saw record highs yesterday after completely erasing a 5-day decline