Amazing, just amazing how fast we have made a U-turn in the market. I still would have never thought we would be back at the recent bullish highs so fast but here we are. As the Russell and Dow start to breach higher, I wanted to give you all my thoughts on where we can ...…
This dang market is very strong (or just extremely inflated). Seems hard to remember but just two weeks ago we were nearly 700 points lower on the Dow Jones. Now it seems that every fear or concern has been thrown out the window and the markets are just marching higher. Today will be a big ...…
Most at home stock and options traders think that professional traders have some magical advantage, or secret, that makes them more successful. As an options coach to a lot of students each month, I constantly hear this “sob story” from some of the beginning traders. They think that if they only had this “secret” trading ...…
Well the markets closed higher on Friday marking 6 out of the last 7 days higher for stock. Overall, stocks rallied more than 4% since last week. But remember that we broke out of a major trendline just last week…so where do we go from here right? Please watch my weekend video update below! Get ...…
I’ve sure you have heard about RSI or the Relative Strength Index before right? Most traders use RSI strategies when looking at the market to help spot extreme areas – above 70 or below 30 – signaling oversold or overbought stocks. Personally I think when you hear someone talk about this you should cover your ...…
As traders, we have all wondered from time to time whether a certain rally or sell-off is a long term move or a mere market hiccup. And trust me it can be difficult to determine which side of the trade to play. I myself have sold stocks right before new highs were made just days ...…
Online trading forums are great places to continue to share ideas and grow in your trading education. It’s definitely best if you can learn to make your own trading decisions of course (which I what we try to teach with our membership) but sometime you may just need some reassurance from other traders/investors. Forums can ...…
If you’ve thought all along that options expire on the third friday of every month you really need to read this. And I thought it would be fitting given that we are close to expiration right now and I’ve gotten a lot of emails about this particular subject. But what most people don’t know is ...…
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A potential massive sell-off could be hitting the US Markets today (and in the coming weeks) as the Nikkei 225 index suffered a dramatic loss overnight, finishing down 10.6% after falling as much as 14% intraday. Combined with the previous day’s loss of 6.2%, this is the worst 2 day performance since 1987 for Japanese equities! ...…
When I just started trading on my own I lost a little over $10,000 the second week. I had made the full-time jump and therefore was desperately emotional to make it work. Looking back now, I probably did things I would never do today. I pushed trades into the market when it wasn’t a good ...…
A powerful tsunami spawned by the largest earthquake in Japan’s recorded history slammed the eastern coast Friday, sweeping away boats, cars, homes and people as widespread fires burned out of control. Tsunami warnings blanketed the entire Pacific, as far away as South America, Canada, Alaska and the entire U.S. West Coast. The magnitude 8.9 offshore ...…
Following the brief hard selling we had on Feb 22nd, the markets have been stuck in this very tight trading range. The chart below is of the S&P 500 during the last month and a half. As you can see it’s forming a very clean pennant or flag formation with this new range. Where’s The ...…
The options market has been very busy lately. The volume of options being trades is growing rapidly with more and more investors jumping in. And as the audience grows, so do the articles about how “risky” options trading is for beginners. And it’s completely true if you trade blindly, but there are 3 very common ...…
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