Yesterday, some traders were bemoaning the swift move down in VRX, an NYSE Pharmaceutical stock. Apparently, they were long as the stock fell throughout the day—an almost 15% loss from Wednesday’s close. It offers a good lesson in day trading stocks. Day Trading Stocks: Comparative Strength & Weakness When trading stocks, we always want to assess a stock’s relative … [Read more...]
Market Action Today
Today's Market Action--Surprising? The market action this morning may have surprised some traders. We saw the market start to rally strongly after putting in the January 6th low. I had emails from more than one trader saying that this rally looks very similar to the push off the mid-December swing low. They argued for new highs. I have been doubtful about that. A few things … [Read more...]
Trading the S&Ps After the Holiday
Overview: Trading the S&Ps After the Holiday Trading the S&Ps after the holiday can present its own challenges and this year is no different. The charts this week show an interesting pattern. Although we are in a bullish holiday period, the monthly and weekly are both a bit overbought. We can expect a pullback on these time frames at some point. The daily is starting to … [Read more...]
A Look at Today’s Trading in the S&P E-mini Futures
Another all-time intraday high (2073.00) was made in trading the S&P e-mini futures today. Below, we look at trading the S&P e-mini futures today with two trades that occured in what was otherwise a pretty range-bound trading day. Special Note We have put all our video tutorials on sale at a discount of 30%. This is the deepest discount we have ever offered. Use the … [Read more...]
Trading Price & Volume
Trading price and volume—or any method, for that matter—is definitely difficult when the market sees volatility contract. We have been seeing volatility contract in the S&Ps recently. Trading Price and Volume in the S&Ps Today Trading the S&Ps today had its challenges. The Asian session had the best setup when the market failed to continue lower after penetrating … [Read more...]
