Recently, we were invited to present a live, educational webinar at the 2014 Festival of Traders. That’s when Rick Pedicelli, head trader of MTG, decided to unleash the details of his favorite type of momentum swing trade, the Blast Off Setup. By focusing on low-priced, small-cap stocks with explosive volume patterns, Rick has developed an excellent track […]
In bull markets, we focus on trading leading stocks because they present the largest profit potential in the shortest period of time. But what you may not realize is that, when broad market conditions turn overly bearish, those same leading stocks typically become the best stocks to sell short because they eventually assume the new title of former […]
After languishing in “neutral” mode since late September, our proprietary market timing system triggered a fresh “sell” signal to equity swing traders on October 10. Accordingly, we immediately closed out existing long positions and are no longer to stalking the buy side of the stock market for new trade entries. Moreover, last week’s rule-based shift to “sell” […]
Apple has begun showing signs of institutional distribution this month, as the NASDAQ corrects lower. The 50-day moving average of Apple has been violated as well. Will the household maker of smartphones be a drag on the tech-heavy NASDAQ as well? We think so, and here’s why…
When a stock or index closes near its 50-day moving average, a subsequent dip below that level to “shake out the weak hands” is usually inevitable. That makes the 50-day MA one of the most reliable indicators to monitor during a market correction by time or price. Here’s why…
A “stealth” stock is the term I use for a stock that is not “on the radar screen” of every daytrader and his cousin. I have found that stealth stocks tend to move in a more “predictable” manner, yet still provide ample volatility if the right stocks are selected.
In a recent blog post, I explained and illustrated how intraday moving averages can be used to improve your stock picking accuracy. Since I received a lot of positive feedback on that post, I penned this follow-up article to build on that mini-lesson by drilling down to focus on just one intraday moving average in particular. This incredible intraday indicator helps you […]
Using the preset “Potential Breakout” scan of the Morpheus Stock Screener, this 5-minute video briefly walks you through the bullish chart patterns of 9 stocks that may soon be ready to blast off to new highs. Specifically, each of these stocks are forming bullish basing patterns near their recent highs (these are not stocks that have already broken […]
In the past, I have shared with you how multiple timeframes analysis substantially increases your trading profits (check out this post for a simple overview). But since the Morpheus system focuses on short to intermediate-term swing trading, my blog posts have always concentrated on daily, weekly, and monthly chart timeframes…until now. This time, I share with you […]
Scanning for reliable chart patterns is obviously one of the most important factors that determines which stocks and ETFs we buy in the model portfolio of The Wagner Daily newsletter. However, just because a stock has a bullish chart pattern does not mean you should automatically consider buying it. In addition to assessing overall market conditions, you must also […]
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