In a recent webinar we talked about how to play the late day fizzle setup and today on May 24th, we saw this exact same setup. Playing earnings gap down shorts is a big part of what we do. This late day VWAP fizzle is my bread and butter for making profit on stocks. Before the …
Read moreHow To Use The VWAP Fizzle To Day Trade Falling Retail Stocks
Once in a blue moon, some type of news comes out in the world in which the market overreacts, particularly for events that can be considered not normal. On April 18th we traded BRZU, an ETF representing the country of Brazil. Scandal in Brazil Now Brazil got rocked by news that their President was involved …
JDST has been on a tremendous trend for quite some time. But once the stock reached $103, it went on an epic tank. Eventually, it reached the 50 SMA on the daily chart with some oversold stochastics on Friday. With all of these oversold conditions, on May 15th I was looking at this stock for …
Read moreDay Trading Gold For Profits On An Epic Bounce Play
Our favorite type of trading throughout the year is earnings season. If you’re familiar with our style, you’ll know that a lot of it is based off news and momentum. Ideally we take the fundamentals, such as company news or earnings release, and marry it with what we know about the stock’s technicals to get …
Read morePost Earnings Drift – Marrying Fundamentals With Technicals
Earnings season is our favorite time to trade. It’s when traders can experience some wild moves for some of our biggest winners of the year. On April 17th, NFLX announced its quarterly earnings. Now a good earnings report would cause the stock to gap up strong. But NFLX opened flat, which means this stock wasn’t …
Earning season is in full force, this is the time when we mostly day trade stocks that are gapping up or gapping down after the earning was announced. There many web sites , where you can find stocks that are moving pre market after the earning was announced. Before the market open today, we found …