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...]
Trading Wyckoff Springs
Trading Wyckoff Springs We love trading Wyckoff Springs. In the right market context, they are my 'bread & butter' trades. Wyckoff Springs graphically represent a stark imbalance in the supply - demand equation always operating in the market. After reaching a low, as at A, the market rallies and then returns to the 'scene of supply' by revisiting that area on a push … [Read more...]
Technical & Psychological Aspects of Trading
Connecting the Technical and Psychological Aspects of Trading How does a trader integrate the technical & psychological aspects of trading? In our weekly Deep Practice program, traders come together to actively learn and practice trading the markets. Often, we will look at a specific market principle in some depth. We did that in Thursday’s Deep Practice. We looked … [Read more...]
Hidden Support & Resistance
Hidden Support & Resistance Are you aware that there are hidden support and resistance areas most trades don’t see? This hidden support and resistance isn’t derived by some fancy indicator. And, it’s not really hidden if you know what to look for. Markets will tend to trade around a given level, up and down, back and forth. It allows larger players to accumulate and … [Read more...]
