As 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…
DetailsEvery week when we are present in the markets, we have a chance to learn something. This past week was particularly interesting and important. There were several moments when the markets and conditions were teaching us all something new (or even old). I’ve summarized some of the things I saw and experienced last week, including…
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During this week’s webinar, I took a deep-dive look into the markets and how the recent volatility has spread through the indices. Fear has been rising smartly, and given the strong year that we just came off, there is no question that this is a great opportunity to sell. The real question is: Is this…
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There is no mistaking that the hottest and most productive group in 2013 was biotech. A slew of names were strong all year and finished on a high note. Given its strength, it made sense to see some give back early in the new year, and we saw it. But I am a believer in…
DetailsTo the right is a chart of GDP with a standard high to low Fibonacci drawing applied. Since breaking down from a double top in October, it has fallen a staggering 48%, and it now appears to be in the final stages of putting in a bottom. Getting to a bottom is a processes, and…
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