The warning phase continues to accelerate at the same time as the oversold conditions. And of course, typical of the market, there are pockets that are on their own. For example, Chinese stocks have been getting slammed this week. I …
In other words, market weak, oversold requiring alot of patience for momo traders
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Today the market rallied initially in anticipation of some positive news coming out of the Federal Reserve. Instead, the news was sobering with no talk of any quantitative easing. Typically I avoid expressing opinions about news related items, but at …
More diligent than ever on controlling risk for mini and swing trades
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Today was the lowest closing price we've had in SPY since March 18. Although the volume was above average, it did not exceed the volume from Friday therefore no Distribution day. The slope of the 50 day moving average, which …
Get a pencil to track some long and short setups as market finds next direction
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https://marketgauge.com/dths/
Above is the link to Daytrading With Hotscans. After you log in with your MMM Prem or CSTS email and password, look for the "Live Trading Room" link on the right navigation. Then, Enter the "ORTrader" room. Click on …
We have had some really good picks lately: CMG, AMZN, ACOM, COH, ANF, DNDN, POT as well as tracking the ETF's that were ready to breakout such as XRT, IYR and even SMH, FXI and XLF. I don't bring this …
Market Comments:
The 60 min. market watch charts tell the story for the day trader. After two days of consolidation 3 of the four broke out. The Q's didn't. The consolidation has been sloppy. All this is happening right at …
Clarity on type of trade and why to enter rather than not
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