More and more traders are reaching for charts these days, and that’s a good thing. Knowledge is a powerful tool if you use it wisely. However, if you let confirmation bias creep in, your technical analysis can hurt your portfolio. Confirmation bias is defined as the tendency to interpret new evidence as confirmation of one’s…
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The recent market momentum is relentless. In two months, the markets have moved up from the depths of despair (remember Christmas Eve?) to within striking distance of all-time highs. Of course, there are plenty of us wondering when this run will end. Ignore the predictions, because they will be wrong. In fact, the markets made…
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The market has enjoyed strong gains over the past seven weeks, but of course not every stock has participated. Some names have floundered, but that doesn’t mean they’re a lost cause. Seven high-yield dividend names are looking very attractive right now. Their 10-year yield hovers near the 2.6% area, while the term structure on the…
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Home Depot has staged a remarkable comeback after a miserable finish for 2018. Even its strong earnings report in November was no match for the wicked selling blitz that hit, well, everyone. The stock has recovered nearly all those losses and is ready for a move up to higher ground. The chart is constructive here,…
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January was quite a month for traders and investors! Everyone entered the month sitting on the edge of their seats to see how things would unfold. After a stellar performance, some are asking, “Is the bear market ending?” This question would have been laughable a month ago. We entered 2019 after suffering through the worst…
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How to Evaluate Long-Term Market Trends – Webinar Recap At the end of every year, Bob Lang analyzes various conditions and indicators to understand long-term market trends. He has never shared this information before, so pull up a seat and enjoy this options trading webinar. Watch the replay and learn: What indicators to use when looking…
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After falling hard with the rest of the market in December, Proofpoint has made a remarkable comeback on decent turnover. The stock went straight up in January and reached overbought status. Momentum indicators are overbought as well. This tells me that the stock may pull back a bit – but not by much. Despite numerous…
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Market sentiment is hard to gauge, because it is constantly changing. In turn, this can make it exceedingly difficult to feel confident in your trading strategy. When fear gripped investors and traders during October and December 2018, most were too stunned to do anything other than sell. It didn’t matter if you were holding high-quality…
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In 1970, the hedge fund manager and strategist Marty Zweig published a game-changing book called “Winning on Wall Street.” I still rely on this masterpiece for trading wisdom, especially around evaluating market performance. Since the book is nearly 50 years old, most of the statistics are dated. However, Zweig followed patterns endlessly, so the underlying…
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Marijuana stocks have been all the rage for about a year now, and Tilray has been one of the big horses. The medical marijuana name had an epic run higher last fall, moving from around $40 in September to a high of $300 on stellar turnover. Since then the stock has stumbled. It fell sharply…
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