--> Trading Strategies Blog

Since August 9, the iShares Nasdaq Biotechnology Index Fund ETF ($IBB) has been on the ETF trading watchlist of The Wagner Daily trading newsletter as a potential pullback trade entry. Though it has not yet traded through our preset trigger price for buy entry, it formed a bullish hammer candlestick pattern yesterday, which could lead to […]

Continue Reading...

With the U.S. markets rather lethargic and showing a lack of conviction lately, we have been scanning for potential swing trading setups among the international ETFs. Most of the international ETFs we looked at have badly damaged weekly chart patterns that we are not interested in trading because it goes against our core trading strategy. […]

Continue Reading...

Over the past week, sentiment in the U.S. stock market seems to have improved. The main stock market indexes have rallied to break out above technical resistance of their July “swing highs” as stocks have cruised steadily higher. Certainly, this is encouraging, and is a welcome change from the choppy, indecisive price action of July. […]

Continue Reading...

Even though the benchmark S&P 500 Index has been outperforming the other averages lately, Wednesday’s (August 1) heavy selling was the second day in a row of institutional distribution (higher volume losses). Two days of distribution so close to a bullish follow-through day is usually bad news for the bulls. As such, because of the […]

Continue Reading...
Follow us on Twitter

Latest Tweets

@MorpheusTrading