I've posted a training video that is normally reserved for our trading room members. In this video you'll see two powerful setups for day trades:
1. When the market gaps down in a bullish daily set-up, you should scan for …
After a stock consolidates it will very often have a nice breakout trade. This is just nature of markets. They go through phase of expansion and contraction. So identifying stocks that have consolidated, or are compressed in a range is …
Four days into its life as a public company, Facebook has all the characteristics of a good stock to day trade or swing trade using the Opening Range. Its price action emotionally charged, highly volatile, and there is high volume. …
In this post you’ll find a video that shows you more specifically how I adjusted my day trading bias as a result of the New High / New Low indicator’s reading.
In my last blog post I explained how the …
Did you see the recent correction coming?
Will you know if a rally to new highs is a head fake?
I’ve used MarketGauge’s New High/New Low Ratio indicator for decades to help answer these questions. Here’s how it works, and …
Today the markets gap down big and stayed down (see image to the right, click to enlarge). This the first time this has happened in months and the move is against some strongly upward trending daily moving averages. There are …
Most of the questions we receive about HotScans are focused on how to find a certain pattern. This makes sense, but when I the person inquiring how they are following up and tracking the patterns they've found with HS they …
On Thursday HotScans picked up HOG.
On Friday HOG took off.
Who’s next?
The major equity market indexes have put in quite a bit of time consolidating and now, depending on index you look at, they are either breaking out, …
The beginning of a new year is a great time to look for the beginning of a new trend in stocks. As traders come back from holiday vacation and tax issues of the prior year are no longer a factor, …
The most important consideration in determining market direction is price action. It's not indicators that measure overbought or oversold. That said there and interesting oversold pattern in the 3-day RSI and the McClellan Oscillator. It is not a typical pattern …