If thinking more upside, here's how to plan
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In Monday night’s daily, I wrote about Biotechnology and how we were on watch for the possibility of akey reversal day after Friday’s double the average blow off rally. Tuesday, a classic second indication of possible reversal in play occurred …
Difference between positions deep in the money and those that are new
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By all accounts a good digestion day. Financials continued to shine on the heels of strong earnings in that sector. Retail made new highs once again and transportation made up for some its lag from last week.Rates dropped, the dollar …
How to gauge the proper risk
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Tell your children to train for jobs in Biotechnology, if appropriate, since that seems to be the place to be for innovation and long positions. IBB, the ETF for that sector closed up 2.46%. Otherwise, Friday was a healthy digestion …
A market in momentum, right? Breaking News-“Dow and S&P 500 finish at record highs as investors hope Fed will continue stimulus; Dow adds 171 points, S&P up 1.4%.” It’s been awhile since I’ve written about the technical bubble-but let’s revisit. …
Enjoying the Slingshot Patterns
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Whether the FED indecision is the culprit or not, the session on Wednesday seemed like a game of Jacks-also known as Knucklebones. The winner (profitable trader) is the first player to successfully complete a prescribed series of throws (trades), which, …
Trade management and what to look for next
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