As a technical analyst, my job is to find the most reliable and predictable patterns and judge whether or not they will repeat. That is a pretty big leap of faith, isn’t it? Well, if you follow charts and technicals, you find that the patterns represent the very emotions that guide market players. Look at…
DetailsThis week’s webinar started out with Bob introducing the charts and technicals of the markets. He provided his unique spin on what may be happening and highlighted trade ideas in UA, TSLA and the market volatility. This week’s special guest was Tim Seymour, a great strategist and Fast Money trader on CNBC. Tim spent a…
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The chart of GM is quite compelling. The stock is up and could continue to climb higher. Indicators are still bullish and showing great power, and volume has been strong with every move up. Additionally, option volume has been very bullish with strong call buying and risk/reversals day after day. This is potentially a great…
DetailsThis market has been ideal for stock pickers. How do I know that? Because market correlation is low and has been for nearly two years. Simply put, this means stocks can go up, down or sideways on their own merit without the influence of the macro. This is an important characteristic for a stock picker,…
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My Real Money Pro colleagute Ed Ponsi published a great article yesterday about the Apple chart, and I wanted to expand upon it. The recent high level base was on lower volume, which is what you WANT to see after a recent surge (we just had one in October). In fact, you can see that…
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Caesar’s (CZR) was a huge winner for us earlier this year, and now it appears the stock is giving us another chance to win at the casino and beat the house. The technicals took a turn for the better today on some pretty brisk turnover. The stock is showing some great relative strength and just…
DetailsDo you hear that – that annoying market noise? Did you notice it’s getting louder? Bubble this and bubble that. Great value, over valued, bullish, bearish. Everyone’s a technician when the fundamentals can’t seem to explain anything. Now is the time to turn down the volume, because the noise is getting deafening. One of…
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Few companies who went public during the late 1990s dot-com era are still around; Redhat (RHT) is one of them. Their open source Linux software was supposed to take down the mighty Microsoft. Well, that clearly didn’t happen, but the company did transform itself into a thriving company. Redhat still offers Linux, but cloud computing…
DetailsOne of the many challenges that comes with trading options or stocks are the myriad distractions that tend to get in the way of accomplishing our goals. Distractions can be market-related or just life-related. Because trading requires intense concentration and focus, getting side-tracked can cause some real damage. The best traders learn to manage distractions…
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During this week’s webinar, we discussed the market’s stunning move to new, all-time highs. It is a time to be cautious, even with seasonal strength still on the calendar. Jeff York, a master trader, joined the webinar and shared why price is the only way to view market moves. Find out what else he had…
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