Day 2 - Seems like an important day for these stocks. Most stocks here are wound in a some sort of patterns.. This Strategy #8 trigger today can take signal a technical breakout. Watch out for the market... SPY Lagging behind QQQ lagging behind IWM. - Nimble and selective are the words i want to remind again.
Here is another strategy code for Jake Bernstein's Stochastic Pop and Drop. Follow the link - Unfortunately, I do not have any videos on how to use these, The Link for reference posted with the Script will give you enough information to trade. Enjoy... UCSgears
Transportation Index might start breaking down. Provided the Crude Oil Prices are stabilizing. - Crude chart - Watch out for the NYA and NASX as well. NYSE Composite still getting rejected at the high. NYSE could sell off another 1000 points if it cracks. Along with that the other sectors and industry group will be followed.
Just follow the rules, I posted earlier.
With this consolidation, a sharp sell off can trigger a short covering rally. Lot of coinciding levels pointing towards a potential bottom. From the Chart - It is very clear that CL is stuck between two major fib grid levels. Base swing (SL = 10.49 and SH = 37.00) forgot to add it to the chart. Being in Europe for a couple of days, heard from folks, that they...
Here We go, Second Stock Strategy from Steve going live testing. Enter - Setup +1 day Candle Breakout Exit - RSI Extreme.
Only two COP and BABA to Short tommorow. BABA was a setup yesterday too....
Set an alert on Daily chart for PPO above 10% on XLU. Look for a shorting opportunity.
A simple post on how to combine indicators to have an edge. 1. Understand the Indicators and its function. 2. Understand the price action 3. Create rules, that work for "you" 4. Stick to the Plan. 5. Manage what we know..... For eg. 1. Squeeze on Weekly - Chart is sideways 2. Top and Bottom Indicator works well in a sideways market. 3. We cannot apply the...
Only - Oil based stocks to short.
Don't get faked out, A few days of strength will take it to a sharp uptrend, IMO, will eventually dive. Typical DMI explosion kind of play. Good to have an accelerated impact on Options. Calls IV goes higher quick, on rally against trend. Which will be good to sell, options on Further Rally.
Title speaks for it self
I know i have never shared this. Watch this, Uptrend is what happened with SPX, until Oct. After the channel was broken, Since then SPX had a hard time walking up. To Make things worst, The down trend is accelerating. Purple to Blue to Red. the colors don't mean a thing. The acceleration will confirm, if the bottom purple line gets broken.
How did I handle KRFT? From the morning, i did not have time to get these plans out and all the scenarios. But Now, I am sharing it with you, so you can prepare for the next time. I will let it do its thing from now. Day 1 - Gap Trades (This is one of the scenarios) There are 4 more Scenarios to handle Gap Day. Each Scenario has its own Options Trading...
AXP, SLB, KO, CVX - A good mix showing short. - No Long Setup
Conditions haven't Changed. T - Returns back as a valid setup again. This is possibly the only time I have seen a stock (while backtesting) - Sets up itself for 3 consecutive days.