We tend to perform better when we set concrete goals, so that we can create a pathway of action to achieving these goals. Here is a quick list of steps to take to set and to achieve daily goals. Here are six steps to set effective daily goals to help guide your routine each day….
We’ve heard the market adage: “Sell in May and Go Away!” but does it really work? Historically, the market has performed better from the October – May period than it has from May to October, but I wanted to show you the last few years starting with 2002 and conduct visual inspection of this strategy….
Volume analysis is an important part of any trader’s routine, and it’s important to know some key principles about volume to help you arrive at potentially better conclusions or possibilities about future price action. The most often stated principle is that “Volume Goes with the Trend,” meaning we would expect to see higher volume (relative)…
I’m a big fan of John Murphy’s StockCharts.com charting website, but the company has outdone itself with a new feature I just discovered entitled “TickerRain.” What is TickerRain? It is an interactive page where StockCharts.com algorithms ‘rain’ (drop down in animation) the most recent ticker (stocks or index) symbols that are being viewed by site…
With the day’s action complete, let’s look at the key points you could have added to a core position, or traded for quick scalp profits during the highly expected downswing in the market today: First, there was a prevailing bearish bias going into the day from the structure of the daily chart on the Indexes…
This morning while scanning the Newsflashr Business Feeds section, I noticed that virtually every major news organization was reporting on Crude Oil prices breaching $130 per barrel for the first time. Most of the headlines were of this variety: “Crude Surges Above $130 on Supply Concern” – Fox Business “Oil Tops $130 for First Time”…
The IBD Index blog recently posted a wealth of data on system testing and permutations of percentage stop and percentage profit target in relation to the IBD 100 list, S&P 500, NASDAQ, in a recent post entitled “A Closer Look at Profit Targets.” The blog also has a large collection of posts on other aspects…
Market Club, known for their ‘trade triangle technology,’ is becoming more popular and widely known, and I wanted to share a couple of screen shots and a recent message and video by Adam Hewison. First, I wanted to show the “Welcome Screen” which contains direct links to your portfolio, ‘smart scan,’ Trade School (Education), Blog,…
Apple Inc (AAPL) suffered just as other stocks yesterday, and fell victim to the ‘end-of-day’ plunge Wednesday. Although it’s virtually impossible to know how far a price move will go or how quickly it will occur, Apple signaled a momentum divergence that could have clued you in that the risk (short term) increased for intraday…
Let’s look at three recent powerhouses that have been strongly pushing their way higher on less and less volume, which serves as a non-confirmation of higher prices. First, Potash (POT): This darling fertilizer stock which has been so strong through 2007 to present is now forming a potential blow-off top. Volume surged as price also…