Trade of the Day Every day brings something different to trading. Yesterday was down, today is up, or days of dull trading resolve in increased volatility. There is always something new. One thing that doesn’t change is the trade of the day. This is the best trade the market had to offer that day. It doesn’t mean that the trade of the day made the most money or ran the … [Read more...]
New Stock Market Highs. Are They Real?
New Stock Market Highs: Are They Real? Last week, the S&P 500 Index made new stock market highs, closing at 3037.56. Are they real? The yearly chart shows that after springing the lows made in 2002, the S&P cash index has been up eleven years in a row, except for last year when the market closed down. Note the volume increased to the downside in 2018, indicating some … [Read more...]
Swing Trade
Swing Trade Here is a swing trade that had been setting up for the past few weeks. We discussed this in last Thursday night’s Deep Practice. Each week, we look at what we are anticipating for the coming week. As I noted in an earlier post this week, the weekly chart closed flat. Given the other considerations seen in the background, we were … [Read more...]
The Beauty of Wyckoff Trading
The Beauty of Wyckoff Trading Many times throughout the trading week, we can see the beauty of Wyckoff Trading. Setups occur that most traders are unaware of, don't require expensive and confusing indicators, and set up in such a way that the the risk is lessened. It really is a beautiful way to trade. We will be having a free webinar on the Wyckoff Method on Wednesday, … [Read more...]
Making Trend Trading Easy: A Dynamic Tactic
Take the Vex out of Trend Trading Trends can be vexing for many traders. Because trends happen less frequently than congestion, we can easily get lulled into buying and selling the extremes. In a trend, this can be disastrous. Many traders who make good money fading short-lived market moves give it all back when a trend gets going. It can be hard to shift gears. Making … [Read more...]
