A Simple But Highly Effective Trading Method Active trading has never been more attractive to the average investor with so many online brokers that offer quality trading platforms and low execution costs. Throw in a long-term bull market and it is an ideal environment for new traders to emerge. Once the account is open the […]
Don’t puff, puff, pass on these weed stocks. Pot stocks are making a comeback after a few months of distribution. Marijuana ETF $MJ is up +30% after undercutting a prior swing low last December. The weekly chart is back above the 10-week moving average (10wma) and is attempting to clear the 40-week moving average (40wma). […]
Is It Time To Buy Stocks? Until there is a clear buy signal in place we will not know if the S&P 500 has put in an intermediate-term bottom. Last week’s reversal off support of the 200-week moving average suggests that the next few weeks will likely be a choppy mess, as stocks attempt to […]
Markets remain in a clear downtrend, so cash is king for those who operate from long side only until there is a clear buy signal. With the S&P 500 down six days in a row and lower in nine of the past twelve, there isn’t much out there in terms of low risk entry points […]
Market Remains In Sell Mode : The S&P 500 has been in distribution mode since breaking down below the rising 10-week moving average (MA) in early October and has yet to show any signs of bottoming. Bearish momentum is building on the weekly chart below with the 10-week MA crossing below the 40-week MA. Note […]
Current stock market conditions are not yet ideal for leaning on the “buy button,” but here are three recent, high volume gap ups ready for pullback entry. Stocks that have gapped up on big volume are often the best stocks to buy. This is especially true when a stock gaps to a new, all-time high following a […]
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 […]
