Oversold bounce day for the market after being pounded on China tariff/currency news. SPY over 288, might have a gap fill attempt. However, many broken charts and market below all shot term moving averages, it might take some times to heal. We are mostly focusing on earning news related names in chat room. Some decent …
Market pullbacks are inevitable. No matter what you trade, nothing goes straight up forever without pullbacks or crashes. This week have seen a large pullback in the US stock market, and I see people panicking and making the same mistakes every time. When you have the right rules and training, days during a market pullback …
Follow through downside move after volatile wide candle action that started on FOMC news. SPY bouncing 291 support zone and closed above 50 MA. Short term line the sand for bulls. Needs to follow through with the bounce. Free Chat Day 8/8: Watch Us Day Trade Live This Thursday, August 8th, we are doing a …
This week was the best trading week of the year hands down! With multiple news catalysts affecting the market (Fed meeting and tariffs), and being the peak of earnings season, there have been a plethora of trading opportunities every single day. So much for slow summer trading! You may want to pullup the intraday charts …
SPY consolidation over 20 MA ahead of FOMC rate decision Wednesday. Trading action remains robust,we saw dip was bought Tuesaday after a day weakness in momentum tech names. We also seeing some rotation into small cap names as IWM trying to break out of the range. So keep an eye on small cap plays intraday. …
The short sale rule is one of the most pointless rules in the stock market. But you have to understand what it is as an active stock trader, as it has a big effect on how a stock trades once it gets triggered. Today we will talk about what SSR is, how stocks tend to …
Read moreHow to Trade Stocks with Short Sale Restrictions (SSR)