It’s been a sleepy past two days in the market unless you’ve been concentrated in biotech and healthcare which has been working nicely to the upside while the rest of the sectors have been pulling back into nearby support zones.
Our current portfolio positioning is light in order to avoid some of this quiet chop, but here a few setups we’re looking at into the close of the day for potential new long entries.
Canadian Pacific $CP is breaking out from this trend-line extending from the June highs. If you were to zoom out and look at a weekly/monthly chart, notice the even bigger breakout in motion over this 155 area.
I was recently asked about some of the trading mistakes new traders fall into when starting out.
It was easy to come up with a lengthy list, mainly because I’ve personally made all of these mistakes myself, and in most cases, more than once.
I thought it would be fun to put together a bulleted list
How to Find Leading Stocks is a guide to help you find the strongest stocks for your watch-list.
Stock selection is a crucial component for both traders and investors, and most of the time it doesn’t get the attention it deserves.
Throughout this post, we’ll define what leading stocks are, why you should care, and then walk
Like it or not, the small cap index, Russell 2000 is breaking out in a big way.
We’ve been moving sideways since late 2016 and just this week we saw a gap and go sharp move to all-time highs and are in the process of resolving this 20-week range to the upside.
For all the bear attacks incoming, yes this move can fail, yes we’re overbought and yes, we do have plenty of headline risk over the near term with earnings, fiscal policies, government budget shutdown issues, etc. that could de-rail this move.
Trading is difficult.
Anyone who tells you otherwise probably hasn’t traded long enough, or is trying to sell you something.
I certainly don’t have all the answers, but I have learned a lot over the years and, throughout this post, I’m going to share with you some high-level trading tips, tricks, and painfully learned lessons I’ve picked up along the way.
Leveraged ETFs get some very divided opinions in the investor and trading community.
On one end of the spectrum, they get tremendous love from adrenaline-chasers looking to bet it all for a quick double on their account in short time.
While price action remains near-term choppy and ranged bound, one market breadth indicator, the cumulative advance-decline line, continues quietly trending to all time highs.
Here’s a look at the S&P500 $SPY ETF over this same time period.
If you trade stocks and you don’t follow market internals, also known as market breadth, then you’re missing out on a lot of valuable information.
Like any other study or indicator, market internals aren’t guaranteed to get it right all of the time,
After falling more than 11% in the first 3 weeks of March, crude oil finds itself re-testing a rising multi-month trendline extending back 12 months to April of 2016.
Short term momentum remains lower in the black liquid, and therefore caution is advised, but be aware longer term dip buyers could start picking away around this 47 area.