Today was not an easy day to trade. It was difficult to get comfortable trading in one direction because of lad of follow through in the markets. There are trading days where it is required for you to make what you are suppose...
Read MoreOne of the tools we use day in day out to look at the markets is multiple timeframe analysis. What this means is looking at our charts in different timeframes. This could mean a 15min chart, a daily chart, or a...
Read MoreLight volume up day at the start of the earnings season (SPY didn’t even trade 150mm shares).Technically plenty of stocks are starting to test the next level of resistance, either the 50day or the 200 day MA —...
Read MoreAs usual Alcoa(AA) has kicked off the earnings season. Alcoa beat the street’s forecast for earnings per share for the second quarter with .13 per share against a .10 forecast. They reported stronger volumes...
Read MoreBroadcom: BRCM is setting up for a terrific risk reward breakout play. The breakout level is the $37 area and the profit target is $43. In the current stock trading environment I do not recommend getting involved on the first...
Read MoreTrading stocks for a living can be one of the most rewarding experiences of your life if done properly. If you are trading all day every day for years and not making progress you are “practicing wrong.” Of course by...
Read MoreOnce again the market tried to cause the most pain for the most people. As I discussed last weekend, news about the markets seemed to more negative than I had seen in a while. Even the cheerleaders on CNBC were...
Read MoreHope everyone had a good holiday. Back to business, we had a nice week last week with some big action in some names we trade. Goldcorp GG:nyse was one of them, a name which I have been trading for most of my career. Risk...
Read MoreAs I sit here enjoying the holiday weekend I can’t help but to think of the market and the upcoming week. One of the ways I plan for the upcoming week is reading other traders blogs and also various news and...
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