Short Into Resistance, And Only Take Defined Setups
We have the August month-end, the Republican Convention, Labor Day Holiday, increased terror alert, and it is also a key longer-term time-zone week.
Brokers In Focus — Here’s Why
When the New York Stock Exchange volume is 1.03 billion shares, equaling the lowest day this year,
Don’t Get Caught Naked Long — Here’s Why
It was a Slim Jim day for the SPX and Dow, which also means many of the index-related stocks, such as [DD|DD] whose chart I have included. Notice that DD preceded the SPX breakout, as did [DOW|DOW] and some other big-cap index stocks.
The Trading Plan Remains The Same…
The major indices completed the third best week of the year relative to price gains, and all three weeks were from key price zones as I view them. Of course
Energy, Semis In Focus.
The major indices churned around some resistance following the four-day reflex from the price zones. The SPX closed at 1091.23, -0.4%
Buying The Retracement Zone And Selling Into The Resistance
The major indices made it four in a row from anticipated price zones with the SPX gaining +3.2% so far low-to-high since Friday’s 1060.72 low.
SPX At Retracement Zone — Here’s What That Means To You
The major indices opened up and then made their intraday highs into the 10:00 a.m. ET time period. There was a contra move, and then price resumed
Anticipate The Levels And Scroll The Focus List Stocks
The SPX made a +1.4% reflex to the top of its 7-day range, closing at 1079.34, with an intraday high of 1080.66. The SPY closed at 108.30, right at the recent resistance of the 7/26 and 8/5 lows/closes
Here’s Why You Should Watch The SMH…
The market action on Friday was similar to Monday, and on the week, the SPX [$SPX.X|$SPX.X] closed at 1064.80, +0.1%, vs. the previous week’s 1063.97 close. NYSE volume was 1.17 billion vs.
How Many Of These 3 Trades Did You Take?
The market action was very accommodating to certain traders yesterday as the early decline into the 10:30 a.m. ET time period set the stage for the First-Hour strategies. There was a contra move
Did You Capitalize On This 1st Hour Strategy?
The discounted opening following the media frenzy in CSCO (-10.6% on the day) resulted in excellent trades for daytraders that are familiar with the “Core Framework.” The day’s
CSCO Sets Up First Hour Strategies
The casino lights were turned on yesterday giving traders some opportunity in both the morning and then the afternoon, with the Federal Reserve normal knee-jerk reversal action following