From the Nov. 21 update we already knew that conditions were deteriorating for swing trading, and that it was best to sit on the sidelines. The week that followed saw stock prices decline, confirming that it is best not to […]
This is a recording where I run a scan and create a stock watchlist from it. It shows the whole process. Each scanning session starts with a brief market analysis to determine overall market conditions. If the market is looking […]
Trading isn’t all glory. There are winners and losers. There is nothing wrong with a losing trade—they happen, often—assuming it was executed well and based on a pre-planned strategy. A winning trade can be a mistake if it was based […]
I was a little blow away by how many stocks are holding well during this pullback in the major indexes. The Nasdaq 100 is down about 12% from the high, and the S&P 500 is down about 7.5%. Those are […]
It was a strong day for the stock market on Aug. 26 so most of the stocks I am interested in have broken out of their recent consolidations and are well on their way to their profit targets. The stocks […]
Amazon Inc. (AMZN) has been on the last two weekly stock watch lists. It also had an asterisk (*) beside it to indicate that the handle was fairly well-formed. It just required a consolidation and a breakout. Today that breakout […]
Bitcoin has a cup and handle forming. Cup and handles are one of my favorite patterns, and the pattern in Bitcoin is “ideal”. There are a few versions of the cup and handle that I trade. The one forming in […]
Restoration Hardware (RH) has recovered all the losses that occurred following the initial panic selling that gripped the markets due to Covid-19 in late February and March. After forming a v-bottom—the cup part of the cup and handle strategy— the […]
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