Trading Stocks & Personal Development: Making the Complex Simple.
Today's chart of the day is Facebook, which despite a tepid earnings reaction this quarter is showing strong relative strength versus the market and looks to make a run to $100.Keep an eye on this $100 level, which also is near the all-time high breakout level. Entry can be made on breakout or early in... Continue Reading →
Today's chart of the day is a recent IPO that almost all of us use for online purchases, Paypal.PYPL has formed a few key levels that we can now trade off. First are the IPO lows and highs, which form an 8 point range between $34 and $42. Watch for either a pullback to the... Continue Reading →
Amazon is setting up as a new high breakout entry. The stock is currently above it's earnings breakout level, which sets it up in a "new box" above the $415-445 range.A close here could set it up for a run to $500.Please retweet if you liked this article! TweetSubscribe to The Market Speculator by Email and never miss... Continue Reading →
An underrated but critical attribute of successful swing traders is the ability to adapt to market conditions. In the trading game, nothing lasts forever. The stock market is an organic beast that constantly changes conditions, and those that can keep up with the changes win. Markets trend, markets chop, markets dip and dive with parabolic... Continue Reading →
Swing traders know that biotech has been the sector leading the market. My favorite biotech stock right now is CEMP. The keys to a great momentum stock are volume and price action. Volume has been pouring into the stock early October breakout. Each new breakout has been followed by strong volume and low volume pullbacks.... Continue Reading →
Trade Report focus list stock ZU broke out of a post moving average remount breakout range on strong volume. This stock has been showing signs of accumulation even before remounting the moving average. This underlying volume support should help propel the stock to recent highs around $42. I will look for a good entry on... Continue Reading →
