Good earning from GOOG couldn’t get market going yet again after the news came out that FBI was looking into Hillary Clinton’s email again.
Although SPY managed to close over key support and in range again, political uncertainty still remains and market doesn’t like uncertainty. So expect volatility and/or range bound action to continue till election. We are mostly trading earning news break out or breakdown stocks in chat room.Even in range bound market, news related stocks can provide nice day trading opportunities .Here is an example of an earning news trade that we took in chat last week.
Check out our trading courses. starting again next month. Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies. I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition. The class is one of a kind, see why you should sign up for the course here . You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders. You can also check out the testimonials from our students.
Also if you are interested in our day trade alert services and chat room Check them out here.
Follow me on Twitter @szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.