My Rules for Daytrading Gap Opens
The following details our personal trading rules for handling these tricky situations that occur when a stock has a gap opening.
Bullish Setup in this Pharma ETF
Stocks showed a bit of optimism ahead of today’s Fed announcement on economic policy, although turnover fell below average levels.
Silver ETF is Setting Up
The iShares Silver Trust is setting up for a low-risk entry point…
Watching for Further Market Weakness
Be prepared for a lot of volatility in the last several days of the month, and remember to trade what you see, not what you think!
Exercise Caution in this Choppy Market
Given the whipsaw market we are experiencing, what is a disciplined, professional trader or investor supposed to do?
The Nasdaq Snaps Back
After gapping firmly higher on yesterday’s open, stocks trended steadily higher throughout the rest of the session before closing at their intraday highs.
An Opportunity in Biotech
The BBH is pulling back and offering a potential long entry.
Sentiment Has Drastically Changed
Former leaders like Apple, which has shed 10% in the past four sessions, have started to come unglued.
Stalking a Short Position in the QQQQ
Expect any rally attempt into the prior high of 2,470 to be met with selling pressure from traders who became trapped in the recent failed breakout.
SOX Leads Market Decline
The Nasdaq Composite gapped down on the open, trended steadily lower throughout the day, then finished near its intraday low and with a 1.5% loss.
On the Lookout for High-Volume Selling
Advancing volume in the NYSE exceeded declining volume by a margin of 1.2 to 1, but the Nasdaq ratio was negative by nearly 3 to 1.
SPY and DIA Reach Pivotal Levels
The Nasdaq Composite and Nasdaq 100 indices are the only ones that have firmly broken out to new multi-year highs…