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 […]