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Day: February 28, 2012
Recently, we bought Netsuite ($N) as a swing trade in The Wagner Daily newsletter. Below is a chart that shows the “cup and handle” setup of the stock before our entry point: On February 23, we sent out an intraday alert to subscribers of The Wagner Daily, notifying them we were establishing a long position in […]
Introduction Although our basic stock trading methodology is based on trend following, there are certain types of technical chart patterns we also trade. Of these, the head and shoulders is one of the most reliable and profitable types of technical trade setups. In this article, we will discuss how to identify the chart pattern and […]
Stocks recovered from early session losses to end mixed on Monday. The Dow Jones Industrial Average closed fractionally lower, while both the S&P MidCap 400 and small-cap Russell 2000 ended the session flat. Both the Nasdaq and S&P 500 eked out 0.1% gains. The homebuilder, banking and transportation sectors showed strength on Monday, while the […]
