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Stock Chart of the Day: IBB
Biotech ETF IBB has been on a spectacular run since the market selloff, but now the chart is telling us that it looks ready to rest. Intraday today a negative candle pattern is forming at overbought conditions. If this pattern can hold going into the close, we could see a…
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Chart of the day: ANFI
Yet another earnings season is upon us and we have our first earnings breakout setup. ANFI broke out from a down trend and remounted the 50 day moving average on huge relative volume. I will look to enter on a slight pullback. Subscribe to The Market Speculator by Email and never miss…
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Chart of the day: AMAZON and the new high breakout
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! Tweet…
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Chart of the day: GOOGL and the moving average remount
$GOOGL cracked $600 in early 2014 and quickly pulled back. Since that time the stock has been consolidating and actually broke below the 50 dma. After a few failed attempts at remount, the stock has gapped up over the 50 dma today. If this level holds we could see a…
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Chart of the Day: How to Trade VIX
At the first sign of a market sell off or correction, my eyes leave my well developed focus list and turn to the CBOE Volatility Index, otherwise known as VIX. During market selloffs, it is crucial that you learn how to trade VIX. Why do I love trading the VIX…
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How’s Microsoft Doing?
My friend asked me how Microsoft is doing at a dinner party. This is how our real conversation went last night:Please retweet if you liked this article! Tweet Friend: How is Microsoft doing?Me: I don’t know.Friend: Don’t you trade stocks?Me: Yes.Friend: Then how do you not know how Microsoft is doing?Me:…
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The Trader I Strive To Be
Focus on your trading strengths We are almost at the half way point of the trading year. As usual I am ready to review my trades and goals. A cursory scan leaves me with the feeling that I have done a good job, but as always have plenty of room…
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Why are you trading low quality stocks and setups!
Only Trade High Quality Stock Setups The most critical decision a trader makes on a daily basis is selecting a stock to trade. Yeah, I know I have said that stock picking is only 33 percent of trading, while the other 66 percent is risk and trade management. That is…
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Chart of the day: Guidance Software
Today’s stock chart of the day Guidance Software Inc. (GUID). GUID is from the hot cyber security sector and is beating the sector ETF HACK by a wide margin. Strong money flow, price action and a recent breakout make this a stock to watch. It broke out from a minor pullback and…
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It’s scary buying the dip and what ever happened to the Zune
Fear and greed control every stock that ever existed. Even the greatest stocks of all time have had mini-scares that now seem ridiculous. Apple bears, remember when you said Microsoft Zune would spell Apple doom? Blockbuster online was supposed to kill Netflix. The courts and anti-privacy legislation was supposed to…
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When you have the courage to do what you love, even your friends will call you a fool
It takes courage to pursue personal freedom. That is why most people choose the relative safety of a salary. That salary may chain you to a location, tie up almost all your waking hours and keep you from doing what you love, but hey, at least it allows you to…
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The Art of Learning to Trade: Become a Master and Not A Jeopardy Contestant
I rarely read trading books. Experience tells me most are a waste of time. However, I read every performance book I can get my hands on. One of the best is Josh Waitzkin’s The Art of Learning. Josh was the chess prodigy that the movie “Searching For Bobby Fischer” was…
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The part-time trader advantage
You’ve heard me say it before. One of the biggest trading leaks is micromanaging positions by jumping from trade to trade and never letting your trade work for you. Please retweet if you liked this article! Tweet Well part-time traders, I’ve got great news for you. You have a huge advantage…
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Trading should be fun
Do everything you can to stay happy. This could be a life lesson post, but I am talking specifically about my trading philosophy. Too many traders are in pain. I used to be, constantly. Over time I realized that when you are in pain, you make bad decisions. You chase…
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Chart of the day: GoPro
Today’s stock chart of the day GoPro. GPRO is a recent IPO that is riding an earnings catalyst after bottoming out in early March. It is now breaking out and stalling at the newly formed 200 day moving average resistance level. A break of this level could set the stock…
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Market Speculator FAQ: What Indicators Do You Use?
Swing Trading Pattern Recognition Beginning stock traders love indicators. They feel that the “secret sauce” is hidden in some combination of indicators and timing. For this reason, “What indicators do you use” is not only a common FAQ, it’s the second most frequent (after “how much money can I make…
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Chart of the day: CENX
Today’s stock chart of the day is Aluminum stock CENX. The stock is forming a bottom pattern and has remounted the 50 dma.Subscribe to The Market Speculator by Email Please retweet if you liked this article! Tweet If you would like to learn more about how I trade, receive my nightly focus…
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Chart of the day: IBB
Today’s stock chart of the day is Biotechnology ETF IBB. The pulled back hard taking a number of hot biotech stocks down with it.Subscribe to The Market Speculator by EmailThe fact that IBB pulled back hard is a concern for the market since it has been leading the market. However, the…
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100 Trading Quotes To Put Into Action And Change Your Life: Paul Tudor Jones on Limiting Pain
Limit pain for smarter swing trades The trading game is a painful experience for most traders. Base emotions like fear, greed and panic are amplified the second we put on a trade. Please retweet if you liked this article! Tweet This is a major problem because trading is a decision makers…
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Chart of the day: Sketchers
Today’s stock chart of the day is Sketchers. The stock broke out on huge volume after posting knock out earnings.Subscribe to The Market Speculator by EmailThere are a number of ways to play this earnings setup. The breakout pullback requires patience, waiting for the stock to form a trading range…
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Chart of the day: ARAY
Today’s chart of the day is medical devices maker ARAY. The stock has pulled back to the 50 dma after a strong uptrend and is now oversold. This setup offers great reward to risk with a target near $10, entry around $9 and a stop around $8.75.Subscribe to The Market…