San Francisco-based software analytics firm New Relic ($NEWR) is a relatively new IPO from late 2014 with explosive potential. Continue reading to see why this stock is so hot. With $NEWR forming a tight-base near the highs its two-year trading range, let’s walk through the charts of multiple timeframes to analyze the breakout setup. The Big […]
In a raging bull market, you can do pretty well by simply buying nearly any stock that breaks out to new highs on strong volume. After all, as JFK famously said in 1963, “a rising tide lifts all boats.” But when the stock market is in correction mode, breakouts and other reliable bullish patterns have a greater […]
For years, traders have been bombarded by self-proclaimed “gurus” on trading psychology. They say things like, “If only you could learn to manage your emotional tendencies, you could improve your trading results and live happily ever after.” But I say, “Forget about it!” If you had a perfect trading system that consistently generated profits, with rarely […]
After three weeks of choppy, indecisive price action, the S&P 500 Index ($SPX) broke down below its range with a 1.2% plunge on Tuesday, March 21. But while the bears may have suddenly put a damper on overall market sentiment, the good news is that $SPX is now sitting near an important area of support. […]
The biotech sector is waking up again and may soon present you with some excellent trading opportunities. Continue reading to see the charts and swing trade setups of the best biotech ETFs to put on your radar screen now! iShares NASDAQ Biotechnology ETF ($IBB) About five years ago, iShares NASDAQ Biotechnology ETF ($IBB) kicked off a […]
When I was a new trader, I believed it was quite difficult to find a monster stock that could double in price within a month or two. But I quickly learned that I was wrong! On the contrary, it is not unusual for high-momentum small-cap growth stocks to rapidly score such massive gains. However, what is challenging is simply holding onto your winning […]
This year marks the 15-years birthday of Morpheus Trading Group, which I founded and launched in June of 2002. 15 years? That’s like eternity in the age of the internet! I am certainly proud of what the Morpheus team has built since its humble beginning near the turn of the millennium. But the truth is we […]
Tesla, the dynamic manufacturer of futuristic cars, cutting-edge energy storage, and slick solar panels, was a sweet ride for traders who bought the massive breakout back in April of 2013. Preceded by three years of bullish basing action, that breakaway gap led to a cool 350% gain in the six months that followed. Since then, the […]
Most of the 582 articles (and counting) we have published on this blog are focused on chart pattern recognition and basic technical analysis. Since the primary topic of this blog is swing trading stocks and ETFs, this obviously makes sense. However, becoming a consistently profitable trader requires more than just knowing how to read stock […]
In our previous blog post, we shared our analysis about why small cap stocks could be big winners in 2017. Now, we dig in to a bit of industry sector analysis to reveal why the healthcare sector is on our radar screen and in play for potential breakout entry soon. In this article, we’ll show you our […]