My Swing Trading Approach Should the early morning strength hold, I will look to add 1-2 new long setups to the portfolio this morning. Indicators
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.
The hottest sector in the stock market is no doubt Energy. And it may only get better from here!
Prepare for the funds to start window dressing their quarterly and 6 month reports This is one of those points in the year, where the funds become very concerned by their performance. So much so, that they’ll start what is commonly known as ‘window-dressing’ their portfolios with all the right stocks so that they can
Show some follow through Friday’s move was quite subtle but very strong as well. What started off as a day trading sideways like each of the days of the past eight trading sessions, changed its tune in the afternoon and broke out of the short-term price range and rallied to new all time highs by
The Fourth is Strong with this Market For a moment there, just a moment, it looked like the market was going to lose its marbles and actually experience a legitimate sell-off yesterday. But nope, it didn’t and now you have “May the Fourth” playing Jedi mind tricks on the Wall Street bears in the pre market
This stock market can’t break out of the range bound price action The price action has become very dull among the indices. In fact, this is the tightest 6-day trading range in the last 23 years. For many of you, that is before you ever started trading. Needless to say, what goes up, must come
New all time highs is the next step for the market No doubt all this talk about 15% corporate tax cuts are fueling this market run. If you have been short the last two days…my condolences. But trading is going where the market wants to take you, and not being in the backseat strapped in
Shockingly the market didn’t sell-off the bull flag in the afternoon and maintained the breakout instead That afternoon sell off has been strong of late, but the bull flag held strong on the charts and the breakout is still in play. Should you be short right now? Not according to the charts. Yes, there
Market breaks out of bull flag on French Election Results Not a bad way to start your week, if you are long on the market (and yes, I am long on the market). It all goes back to what I have been saying in these morning writeups, and that is, the market has been