Imagine this scenario: A stock is down 5.8% in about ten days, and then up 5% ten days later. The speed at which these stocks reverse is so quick that if you were long or short, you might need to wear a neck brace to protect yourself from whiplash. If you took a wrong turn,…
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During this week’s webinar, Dan Nathan and I got started talking about option strategies and risk management. Dan discussed the various ways to define risk using options and how riskreversal.com does it’s best to educate others on how to be better option traders. We then talked about some different trade ideas, including GE, HTZ and…
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Mad Money host Jim Cramer went “Off the Charts” with me this week as we look to see where U.S Treasurys are headed. As you’ll see in the video clip below, Cramer declares that bonds are the market’s foundation.
Celgene was one of the best performers in the biotech group for 2013. So far this year the stock continues to perform well; during the January swoon, it barely budged. The current price is perched on the handle of a very deep cup/handle pattern, pulling back from the recent surge toward 170. This recent consolidation…
DetailsAs a trader, you have more flexibility and freedom than you could imagine. The possibilities for creating a winning trade structure are endless, but if you don’t know the rules of the road, then you’re going to get hurt. Many people out there have set goals for themselves, worked hard to achieve them and enjoyed…
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No special guest this week, but plenty to talk about! I started off the session with a state of the market address, talking about the charts and technicals. It seems the recent gains are probably due for some consolidation. I also talked about option flow and the importance of it, and I showed some charts…
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The best trends rarely give you a chance to get in, especially in a fast-moving market. Case in point: During these past two weeks, markets seemed to crack below support but then do some heavy lifting to get back above short term resistance. The effects of these deep moves would make anyone queasy, yet our…
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This week’s webinar with Tim Collins from RetroWallStreet.com was fantastic. I kicked things off with a “state of the market” speech, talking technicals, charts and recent plays. I then introduced Tim, who is a fantastic trader and writer at RealMoney.com. His presentation was focused on after-hour trading ideas and that moment when we see some…
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The Panera Bread (PNRA) chart is in a sweet spot. I like the recent MACD turn higher on decent turnover. Lately there has been some strong call volume at or above the current price, indicating interest in higher prices. The recent pop off the low is holding up, and while the chart looks choppy, the…
DetailsTrading is not a game of perfect, something that you hear me say often. If your goal is to win every single time in this game, then you are going to be very disappointed. Stock traders can get away with being wrong for a long time before getting it right, because that is what they…
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