Interested in finding the next big growth stock candidates to add to your portfolio? My colleague John Carter will show you his specific steps and more in tonight’s free classroom training: “The Five Step Checklist to Find the Next Hedge Fund Darlings” (tap to register and learn more) John will be sharing a formula for…
Were you eager for a bearish breakdown in the market today? Bulls had other plans again! Despite everything, BULLS still rule this market and that’s the current reality – fighting it has been futile. Let’s take a look at the current picture and plan the next swing in the market: Buyers swooped in once again…
LinkedIn (LNKD) just triggered a “Turbo Breakout” Impulse Buy set-up and we’re seeing additional upside action propel price higher. Let’s see the intraday breakout and power-surge, along with the Reversal Arc we’re seeing on the Daily Chart. Here’s the Intraday Arc Reversal – and Turbo Breakout – in LinkedIn (LNKD): First, LinkedIn just topped the…
Leading Financial stocks JP Morgan (JPM) and Goldman Sachs (GS) topped the list of “Strong Dow Jones Stocks Getting Stronger” last night. Let’s do a quick update and plan what opportunities are in store for trading these big names. Goldman Sachs Daily Chart (GS): After the January sell-swing ended into the $172.50 level, buyers propelled…
If you’ve been watching the Transports, you’re seeing a Rounded Reversal and bearish breakdown. However, you’re not seeing a similar picture in the Dow Jones Industrial Index. Let’s chart the arc and make some sense of what’s happening at the moment: I’m a big fan of “Rounded Reversals” or “Arc Trendlines” in price because they…
Dish Network (DISH) topped our “Bullish Intraday Trending” Stock Scan this morning. Let’s take a look at the bullish breakout – a reversal play – and what levels are most important for traders. Here’s Your Daily DISH: First, let’s start with the March to May downswing from $80.00 to $65.00 per share. This sell-swing ended…
Stocks continued a sideways range, though we’re just now seeing a potential bullish breakout. Let’s take a look at the current picture and plan the next swing in the market: Price initially continued the intraday downtrend (falling trendline channel) but reversed up off another positive divergence at the session low. From there, we saw a…
Today’s session allowed for stable range trading with divergences into the reversal high and low. It’s a great example so be sure to use it as a reference. Let’s take a look at the current picture and plan the next step: If you’re a fan of trading divergences and intraday reversals, today was the session…
We had so much fun and covered so much information in the “10 Tips for Trading Trend Days” webinar with Trader Kingdom! They’ve posted the archive and you can check it out, slow it down, take notes, take screenshots, and learn tips and tactics you can use right now. I love the slide they chose…
As traders, one of our responsibilities is to spot patterns in the market and then exploit them as long as they keep occurring. After spotting a specific pattern, we use it to guide our trading decisions until the pattern fails and a new one emerges in its place. There’s a specific short-term pattern that’s been…