In my book Short-Term Trading Strategies That Work, we created a small firestorm with a chapter that was titled “Stops Hurt”. The chapter showed statistically that stops on pullbacks hurt performance (since publishing this test in the book many others have replicated it). Even stops placed 50% away (which few would even consider a stop)… [Read More]
We’d like to share with you a free chapter from TradingMarkets’ Short Term Trading Strategies That Work (2009) by Larry Connors and Cesar Alvarez. This book contains 16 simple strategies crucial to the success of any trader or investor. These strategies have been both backtested up to 1995, but also have been traded by Larry… [Read More]
Short Term Trading Strategies That Work The recent rally in Apple was reason to cheer for short term swing traders who know that lower lows above the 200-day are for buying, not selling.
Has the momentum in the selling in oil stocks subsided? And are financials the next sector to pullback? Find out in the latest edition of 7 Stocks You Need to Know.
Major integrated oil companies like Exxon and Chevron have finally succumbed to the persistent selling that has characterized both the sector and the commodity itself over the past few days. Read what other stocks swing traders have their eyes on in the latest 7 Stocks You Need to Know.
With surging oil prices, the stock market has settled into a trading range heading into the final trading day of the week. Find out what stocks are moving into oversold territory and which stocks have moved too far too fast in the latest edition of 7 Stocks You Need to Know.
U.S. stocks opened significantly lower on Tuesday. But buyers controlled the market from every hour afterward, helping trim losses ahead of trading on Wednesday.
With U.S. ETF markets moving back into oversold territory on the first trading day of the week, weakness in the futures heading into trading on Tuesday suggest that oversold conditions are only likely to become more widespread.
Buyers helped bring U.S. markets off their lowest levels of the session on Monday, with energy stocks in particular among the beneficiaries. Still traders are likely to see a resumption of oversold conditions in stocks as a whole when trading begins on Tuesday.
Buyers swept back into the market on Tuesday, sending shares soaring from recent pullbacks above the 200-day moving average. Read more in the latest edition of 7 Stocks You Need to Know.