Puttin’ On The Ritz
Swing traders who subscribe to the TradersWire can
take advantage of the numerous setups we profile in the Insights
From The War Room. Readers of Dave
Landry’s latest book will recognize the Bow Tie pattern, which both the Biotechnology
Index
(
BTK.X |
Quote |
Chart |
News |
PowerRating) and the Semiconductor Index
(
SOX.X |
Quote |
Chart |
News |
PowerRating) are
tracing out.
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This is translating into a number of the individual stocks in
these indexes also tracing out this same pattern. Swing traders who like to
trade Bow Ties will want to keep stalking these issues for entry. Daytraders can
also take advantage of these patterns on the day of the entry point, using the
intraday chart for guidance.
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Until tomorrow,
Duke