Nov 25, 2014: 4:04 PM CST
If you’re looking to diversify your trading strategies, learn a new technique, or just are looking for a new way to liven up your trading, then join us tonight for a special webinar with my friend and colleague John Carter.
John will be presenting “My Favorite Ways to Trade Options on ETFs” which combines the option world with broader ETFs.
I’ve always been a fan of John’s presentations and am proud to count myself as an educational affiliate of his Simpler Options trainings.
Carter goes beyond directional put and call buying strategies and introduces tips and tactics specifically designed to cut your risk.
For a bit of background info before attending the webinar, you can also view his quick-tips video for an introduction to what he’ll cover tonight.
And as always, thank to John for his continued commitment to quality trader education – but in a simple, folksy style. Head on over to register for free now!
Nov 25, 2014: 3:40 PM CST
I had a question about Natural Gas this morning and found something interesting on the current chart – note the key levels and breakout opportunities that are setting up currently.
Let’s see these levels and highlight the key targets and structure moving forward:
The indicator-heavy chart above shows the trend, spike in bullish (buy) volume going into November, and the two recent sideways trading ranges.
“Value” or a key pivot point (current support) exists near the $4.200 level as price is likely moving up through the yellow highlighted region toward the prior high near $4.700.
We can zoom-in on these specific levels and build short-term trades on the pure-price charts: Continue Reading…
Nov 24, 2014: 2:04 PM CST
We continue to see “more of the same” action and the simplest play is to “go with it.” Yet so few traders actually do that it seems.
Nevertheless, let’s update our mid-day information and highlight our trending stock candidates for today’s session.
We’ll actually start with Sector Breadth which is MIXED BULLISH today:
On today’s bullish session (the NASDAQ and Russell are actually showing relative strength with big bullish moves today), our top sectors include the offensive (risk-on) Financials, Discretionary, and Technology sectors.
That’s a good sign as it suggests confidence in terms of broader money flow into the offensive/bullish segments of the market.
While not very bearish, we’re seeing strength also appear in Health Care. Continue Reading…
Nov 21, 2014: 3:07 PM CST
Best Buy (BBY) shares continued their uptrend with a breakout gap into “Open Air.”
Let’s highlight this chart and plot a “pullback” or else surprise breakout plan.
Here’s the Daily Chart:
Best Buy (BBY) has charted three symmetrical bullish swings (blue lines) from the May 2014 lows.
This time, we see an extension and bullish gap event above the $36.00 resistance high. Continue Reading…
Nov 21, 2014: 2:20 PM CST
Which top trending stocks – both bullish and bearish – are most extended from their rising (or falling) 200 day Simple Moving Average?
Let’s use this simple yet effective stock scan to highlight eight trade-trending (or fading) candidates right now:
This scan was created from FinViz.com’s Screener Tool focusing on the stocks most over and under extended from the 200 day SMA.
The scan charts the stocks farthest away from the average in percentage terms.
Right now, Monster (MNST) is the most extended and trending stock, followed by Edwards Life Sciences (EW), Yahoo (YHOO), and Southwest Airlines (LUV).
The general strategy here is to highlight these as strong relative strength candidates and put these on watch-lists for future buy signals, usually on retracements. Continue Reading…