Institutional funds have rotated into blue chip stocks over the past weeks, enabling the Dow Jones Industrials to outperform the other market indexes. Are traders and investors suddenly in love with old school, large cap companies like Coca Cola more than the tech darlings? No, this is merely sector rotation — a healthy and normal […]
When market conditions are solid, breakaway gap ups are a powerful buy signal that can produce gains of 40-100% in just two to three months of trading. Breakaway gaps have produced some of the biggest movers in our Wagner Daily model portfolio throughout the years. In 2017, we bought Applied Optoelectronics ($AAOI) after a breakaway […]
Last week, we officially launched our new cryptocurrency swing trading newsletter for Bitcoin technical analysis — CryptoPicks. Bitcoin ($BTC-USD) was trading just above 6,700 at that time (Aug. 27). It was also attempting to break out from a bullish consolidation pattern with higher lows. Due to the bullish price action, we listed $BTC-USD as a […]
Labor Day is time to celebrate your hard work and achievements of the past year. It’s also a fantastic reason to get together with your family and friends to enjoy burgers, hot dogs, beer, and other gluttonous goodies. For the next five days, I am honoring your labor of mastering the stock market with an […]
If you are interested in stock market seasonality, you may like to know how stocks have historically performed around the Labor Day holiday. Since we are technical swing traders who follow a disciplined, rule-based trading strategy, it frankly does not matter to us. Nevertheless, seasonal stock market trends make for interesting reading and trivia. CXO […]
If you trade Bitcoin (or have wanted to), you’re gonna’ love this awesome new service — CryptoPicks™ About seven years ago, I began swing trading Bitcoin with a small amount of personal capital. I wanted to see if the proven Morpheus system for picking stocks in our nightly trading newsletter worked equally well for Bitcoin […]
Last week, I was contemplating my recent ETF options trading performance because it seemed less satisfactory than my prior year’s performance. I was still feeling pretty good because of locking in $65,000 in ETF trading profits over the past 30 days, but that winning run followed what I thought was a dismal January/February. Instead of […]
Many new and experienced swing traders make the mistake of focusing only on short-term daily charts when scanning for new trading opportunities. While daily charts are great for locating low-risk entry points, the limited price history is not very useful when narrowing down a list of potential buy candidates. This is where long-term monthly stock […]
Most of the articles on this trading blog focus on how to trade technical chart patterns such as the cup and handle. We’ve also penned mini-lessons on various topics, such as trading psychology, to help improve your swing trading success. But one thing we do not often discuss on the Morpheus blog is candlestick charts. […]
2017 was a stellar year for the stock market, but an inevitable correction started to hit the market at the end of January. Here is our “no nonsense” technical analysis for what may be coming next. With its best year since 2013, the benchmark S&P 500 Index jumped 19% in 2017. The S&P 500 then […]
