Andeavor, an oil refining and logistics company formerly known as Tesoro, has been on a roll. Over the summer, it consolidated in the low 80’s. Since then, a series of higher highs and higher lows signals that the stock is looking for more upside. Volume has been outstanding over the past couple of months, indicating…
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The Power of Spread Trading Nearly one year ago, we launched our Spread Trader service. The results have blown away our expectations: The portfolio is up nearly 50%! If you’re curious as to why spread trading can deliver such powerful results, this options trading webinar is for you. I discussed everything you need to know…
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Once interest rates started coming down in early July, the bank sector was punished. The exception is Citigroup. Its chart is in far better shape than the other big banking names, like JP Morgan, Bank of America and Wells Fargo. Monday’s action was particularly notable with a strong breakout from a range on decent volume.…
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Understanding and using technical indicators to guide your trading is not a sophisticated science. If you have a set of eyes, you can see recognizable patterns that repeat over and over again. You can then draw some conclusions based on what’s happened in the past and set up trades that have a high probability of…
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If you’re in the game of trading (and investing), you will inevitably experience losses. Managing those losses is important for future success, as it allows you to move forward. Options 101 says you can approach it in two ways: either sell for a loss or try to turn a losing trade into a winner. Let’s…
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The past few months have created a nice setup for tech stock The Trade Desk (TTD). Since breaking out post-earnings in May, the name has been consolidating and showing great consistency. Consolidation typically results in a bold moves. Traders grab onto shares, and a breakout occurs on higher volume. For TTD, this happened Monday. Money…
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by Elisabeth Gurdus As the host of CNBC’s “Mad Money,” Jim Cramer always tries to find positive trends that can help you make money even in the most dismal situations. And while there’s no way to make light of the tragedy that came out of Hurricanes Harvey and Irma, some sectors actually did benefit from…
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Traders are trying to score big – but they’re playing a sucker’s game. The idea is to buy volatility when it’s low and wait for the ultimate move to the upside. They are dreaming of a move we haven’t seen since 2008 when volatility took off like a rocket ship into space. Back then, the…
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Debunking Current Stock Market Noise Once again, it’s time to turn down the stock market noise. This long bull market has made everyone nervous – no one wants to be left holding the bag when the trend changes. But that doesn’t mean you should listen to what every Tom, Dick, and Harry is saying. During…
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Market noise is just that – noise. You have heard me repeat this message often, and I’m going to repeat it again: Ignore market noise, or it can derail your trading. Why? Because pundits, experts, and analysts cannot predict the future. Only the markets can tell you what’s next. It is important to listen to…
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