During today’s morning meeting we discussed some of the recent reversals we had seen in stocks that were trying to push through longer term support. We took a look at reversals that had recently occurred in MON and WYNN. Both stocks attempted to drop longer term support last week but failed. So I suggested that UAL might be a good … Read More
“Pay attention… this is important”
Sometimes failures of patterns can give us insight into the overall market environment.
You have to figure out where the treasure is buried today…
Find the best stocks in the best sectors for the easiest money each day.
FCX: One way to catch a top
AdamG_SMB shows one way to catch the turn in a strongly trending stock.
The Money Trade
This is the setup that has offered the highest win rate intraday since the beginning of October and the greatest risk/reward ratio. It is the setup that I chose to write about in a very cool trading book that will be released in 2011 and I discussed it last week in Vegas during our tape reading/intraday swing lecture. The Criteria: … Read More
Volatility Clustering: Unveiling the Non-Random Nature of Markets
Volatility can be more predictable than the behavior of actual prices.
A simple setup
Selling a retest of broken support can be a great setup.
