After inching back towards all-time highs… stocks remain mixed this week, despite yesterday’s Fed rate cut. It may take a few days to fully absorb the Fed comments… However, there are opportunities in the market right now… that we can take advantage of. In fact, it’s a good time to talk about beaten up value … Read more
On Tuesday I wrote about the simplicity of support and resistance breakout points. I alluded to the SPY breaking above a key resistance level which it formed over the month of August… If you missed it, you can read it here… Today I want to take a minute to and further continue that discussion… In the … Read more
Support-and-resistance is one of the most widely used techniques in technical analysis – as it should be… It’s a simple technique with big value… You can see in the chart below that the SPY created a channel over the course of the last month, between support around 282 and resistance just under 295. Just a … Read more
As the market and all the confusion has taken a lot of stocks down with it… there are a lot of potential buys setting up. All stocks go through up and down cycles. While stocks can go to zero, most of them do not. The key is to know which down-trending stocks are worth buying … Read more
It’s time to pivot and forget about what’s been happening… Everyone is talking about the same thing over and over…trade, interest rates, the economy, blah blah blah. The last thing you need to read about is how crazy the market has been… and how no one knows what to do. You aren’t here for a … Read more
Keeping it simple really does pay. My options portfolio is up 165% since the start of the year. No, I’m not placing dozens of options trades a day… In fact, the average number of trades is just 2 per week – my best ideas – it can’t get simpler than that. How do I achieve such … Read more
The markets have been extra volatile and range bound this past month. It’s been talked about to death… but that doesn’t change the fact it’s happening… And not likely to change anytime soon. So it’s important for you to stay alert. You can’t control the market, but you can control your risk. In times like … Read more
Stocks are set to gap up this morning… but some of the big questions to ask now are: Do we see the same type of volatility as last week? Will the uptrend continue or reverse? With such a long bull market, many people haven’t thought about this… rather, they’ve stuck to the “buy the dip” … Read more
Believe it or not, trading options rather than stock can be a better choice in a market as whipsawy as this one. And despite all the recent volatility that has surged into the market… my options portfolio has returned 73% since April 1, 2019. Following along can’t be any easier… because when it comes to … Read more
How many times have you bought a stock just because you thought it could go higher? I don’t know about you… but it’s happened to me a lot when I first started trading. I was buying stocks for no rhyme or reason… I was just buying them because I felt they could run higher. Well, … Read more