As an options trader who uses technical analysis, one of the first things you probably learned is that volume is key. That’s only part of the story. Volume is measured by both volume levels and volume trends. Together with price action (our other leading indicator), they will help you determine market trends and direction. How…
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The chart of Match Group shows a nice breakout recently on strong turnover, a sign the institutions are still interested in buying up the stock. The cloud is green and bullish, expanding outward. RSI came in a for a pullback recently but now we see this stock performing much better than the rest of the…
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by Tyler Clifford. The Nasdaq Composite has been inching toward its all-time high, and a number of the biggest technology stock gainers could have more room to rise, CNBC’s Jim Cramer said Tuesday. The tech-heavy index picked up 0.30% during the session to close just above 8,000, about 1.6% off the all-time high it recorded…
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As the markets continue their historic move off the Christmas lows, some sentiment indicators have moved solidly into the bullish camp. That’s great news, right? Well, mostly. It could also signal excess complacency, which could lead to a pullback in our near future. Let’s unpack the possibilities. What sentiment indicators are saying The VIX closed…
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Many traders – myself included – have been asking if a stock market pullback is coming. The market has risen so quickly and relentlessly this year that finding the right time to buy has been hard. It’s like the ultimate Santa Claus Rally – the gift that keeps on giving long after Santa made his…
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China stocks have come out of hiding, and one of them is Weibo. The stock has been mired in rangebound action for months. With some momentum behind it, this stock may finally break through the ceiling. The highs in early March were stymied by the 200 ma. You can clearly see the volatile action in…
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After a sensational start to 2019, the markets have paused. Dig just a bit, and you’ll see that market internals have weakened considerably with directional evidence piling up. Let’s take a look at what this meant in January – and what it means today. What market internals told us in January The last time we…
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How to Use the Ichimoku Cloud for Technical Analysis – Webinar Recap The Ichimoku Cloud was developed in the 1930s by Goichi Hosoda, a Japanese journalist who worked for years to better identify price movements. This advanced technical method uses candlestick charts based on moving average trends. During the options trading webinar, Bob explained: How it…
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With so much data flooding our eyes and ears, traders often misinterpret what it all means. The biggest mistake is confusing the stock market for the economy. The stock market is one indicator of economic health; it is not the economy, nor is it THE indicator. But in this micro world of trading and investing,…
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In today’s “Off The Charts” segment, Jim Cramer checked in with colleague Bob Lang on three strong tech sector charts to watch. Also known as the three Z’s in tech, they are Zendesk (ZEN), Zebra Technologies (ZBRA) and Zscaler (ZS). Shares of Zendesk have rallied 44% for the year so far, while Zebra has gained…
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