At A Glance. Finding the trend is really our first job as traders once we start looking at charts. However, a lot of traders over the years (frankly the decades) have struggled with how to identify a trend. This led me to create simple indicators that were completely visual (color coded in fact) that allowed … Read more
Let’s look at how the current state of the market sits in relation to some key levels on the daily time frame, and how that affects our day trading. This super crucial in looking for potential trading opportunities within the market. If you don’t understand the bigger picture, it becomes more difficult to accurately assess … Read more
So the thing that’s on my mind this week in the markets (and probably will be for the next three to four weeks) is earnings. Each week’s earnings are going to be focused on a few key stocks and the first real week of earnings keys off a major sector. In this case it’s going … Read more
We’re talking about IYT (the transports ETF) and UNP. These two are related because IYT is the transport sector and UNP is the #2 weighted stock within this particular ETF. So there’s a synergy there. But why these two in particular?… The Background: The first reason, and probably the best reason, is there was a … Read more
Looking for a longer time frame (EOD) trade, Gang? There’s an easier way to scan and not only is it easier; it’s more effective! My process of scanning really is a process of scanning the sectors and indices. Look at the bigger picture, the bigger pool of stocks. The NASDAQ, QQQ, ES, S&P, RTY and … Read more
We’re going to talk about something a little different… We’re going to talk about an options setup on a trending ETF. And the one that we’re talking about here is the daily time frame (or end of day time frame) on the SMH which is the semiconductors ETF. What exactly does all of that mean…? … Read more