Evening folks! Hope everyone is having a great week. Friday the 13th is upon us! Lets finish this week strong. Trading has been fun all week. This is a great market for traders. Often times the tape will lul you to sleep and then bam though the market starts moving and shaking and …
STZ printed the narrowest range candle on Wednesday. The idea is , long this stock if breaks 28.88 which is Wednesdays high. Short the stock if breaks 27.45.NR7 means the narrowest range of the last seven days. For trending stocks narrow range often proceeds to range expansion aka break outs or break downs . Simply …
Market gapped down 100 points this morning only to recover sharply by the end of the day. Anytime you get in the oversold category in the market you can expect rallies like this. Just as we stated yesterday, we added a ton of long positions today expecting a short term bounce in the markets over the …
We had $ETRM on our watchlist last night as a possible breakout play today. We took this trade and made a nice profit on it. It’s a very simple concept and one I thought I would mention again because these are the easiest types of plays out there and ones you definitely don’t want to miss. …