Our job as traders is to make money when its available. It is the markets job to provide this opportunity even if its 10 minutes or 3 hours. Today many of the stocks on our list set up very nicely and many...
Read MoreMonica Gerson Financial stocks are soaring today, led by China’s decision to strengthen the yuan against the US dollar. The world’s third largest economy supported its exports by artificially weakening its...
Read MoreAfter yesterdays break of the 111 level in the Spys we look like we may be testing that level on today’s open. As we have said this is the 200ma on the daily and a very important level to watch. The...
Read MoreThe SPY today broke through the 111.00 resistance level and continued higher during the afternoon trading to close near the 112.10 level. This leads me to think the markets will push higher to possibly test the 50 SMA on the...
Read MoreJust a quick overview of what I am looking at this morning. The SPY seems to be opening up strong with it currently trading in the 110.35 area. The pre-market high is 110.50 with the low being 109.47. These...
Read MoreTodays price action was a bit frustrating for me in the morning because of the low volume in the market which made price action choppy and difficult to hold trades longer for better profit potential. As we have said in...
Read MoreAs we have discussed before coming into the day with a game plan of your expectations for the day is probably one of the most important things for a trader. It gives you some structure for the day and you...
Read MoreComing into the day my trading plan was short bias for the markets due to the sell off during the last hour of trading and to sell weak stocks such as Halliburton (HAL),AK Steel (AKS), Dow Chemical (DOW) and Macy’s (M); as...
Read MoreJust a quick update on the market conditions. Currently the market has followed through to the upside after the initial gap up. Longer term bias in the market is to the downside but today the current environment...
Read MoreSometimes as traders we spend too much of our time focusing on the negative. We spend all of our time going over the trades that didn’t work instead of spending our time on what types of trades are working. The...
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