Markets are gapping higher and well over the daily consolidation. This comes after two very strong days and all of which has been fueled in a large part by the expectation that Greece would pass an austerity plan. As of …
On strong stocks and up days, this is a high percentage trade
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QQQ ended up 1.5% and as expected, with lighter volume than yesterday. It got through 55.50 with the next resistance up at the lows made on May 25 at 56.47 and beyond that the 50 day moving average at 56.97. …
Looking top down, determining the risk that makes sense best key to day/mini or swing trade
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SPY closed up .9% and rallied a little bit more immediately after the market closed based on good earnings at Nike. But, volume was extremely light and I anticipate it will stay that way ahead of the holiday weekend. Looking …
Even with that, having some great short and long trades by using rules
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SPY had an inside day closing near the lower end of the range yet holding the 200 day moving average. The volume was light, typical of a Friday. Since the pivots are negative and we have closed beneath the FTP …
Yesterday I wrote that QQQ might be the most decisive index. Most decisive thing about it turned out to be not to sell the lower opening, which one would have never done if one used the opening range rules as …
When to short cover and get long the better setups
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